Lucardi has been acquired by Mentha Capital
October 2018 — The shareholders of Lucardi, a leading jewelry chain in the Netherlands, have sold the company to Mentha Capital.
Headquartered in The Hague, Lucardi distinguishes itself from the traditional jewelry stores by offering modern and trendy jewelry at an affordable price. The company’s offering consists of a wide collection of golden, silver, steel, gold plated and bijou watches, rings, bracelets, necklaces, ear rings, friendship rings and gifts. The company primarily sells directly sourced private label jewelry, complemented with third-party brands. Lucardi operates 105 brick-and-mortar stores throughout the Netherlands. In addition, the company operates a Dutch, Belgian and German web shop.
Mentha Capital is an independent private equity firm active in the lower end of the mid-market in the Netherlands and the Flanders region. The company invests in established, mid-sized and profitable companies with clear opportunities for growth alongside multiple avenues including organic growth, expansion in new markets and a buy-and-build approach.
Ayad al Saffar, Shareholder of Lucardi, said: “The sale of our majority stake to Mentha Capital is an important step in Lucardi’s strategy to expand our presence in the Benelux. Oaklins served as our trusted advisor during the entire process and helped us refine our proposition, identify potential targets, drive negotiations and close a transaction with one of the most recognizable Dutch private equity firms in the mid-market. We truly appreciate their senior level dedication to this process and their perseverance and counsel throughout this transaction.”
Our role in the transaction
Oaklins' teams in the Netherlands and Sweden advised the seller in this transaction.
Prata med transaktionsteamet
Frederik van der Schoot
Oaklins Netherlands
Relaterade transaktioner
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Lär dig merTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Lär dig merComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Lär dig mer