Investor Berk Partners acquires stake in Rivièra Product Decorations from Drachten, the European sleeve packaging market leader

On 18 April 2019, Berk Partners acquired a substantial majority interest in Rivièra Product Decorations BV (Rivièra), based in Drachten. Rivièra specializes in sleeving, applying a printed foil, glass, plastic or metal packaging.

Since its foundation in 2002, Rivièra has developed into the sleeve specialist in Europe and serves many large and small customers at home and abroad. Rivièra focuses primarily on projects in the cosmetics and drinks industries, but also has customers in the food and non-food industries.

A sleeve provides more design space and possibilities to combine different target groups and possibly language variants than a label. A sleeve takes the shape of the package completely, where alternatives such as direct printing on the package and labeling have limitations.

As a packaging producer, Rivièra, bears responsibility for the environment, in line with the ESG objectives of Berk Partners. Rivièra therefore closely follows the development of sustainable, degradable materials and will – where possible and desirable – apply these products and present the various options. The compostable films are slowly gaining ground. Customers can promote waste separation by opting for a perforation, with which the consumer can easily separate foil and packaging for recycling.

The transaction concerns a so-called Management Buy Out (MBO). From 18 April 2019 Rivièra Product Decorations BV (Rivièra) was taken over by the current management team, Johan Holtrust and Frans Rienks with the help of Berk Partners as a financial party.

Johan Holtrust has more than 14 years of experience within Rivièra and retains the operational management of the company. With more than 10 years of experience within Rivièra, Frans Rienks will continue to focus unchanged on commerce and marketing.

Management foresees interesting growth opportunities. “With the involvement of Berk Partners we can realize our plans, making full use of the management support and networks of Berk Partners,” said Johan and Frans.

The sale to current management is a deliberate choice, according to former owner Fred Sterk. “Johan and Frans have played an important role in the success of Rivièra. I enjoyed building the company together with them and I am proud that Johan and Frans will now continue it and let it grow according to their own insight. I wish for them, all other employees and our customers, that they can continue to operate independently and based on the same norms and values. ”

Former owner Fred Sterk resigns as director, but remains involved in the background as a member of the RVC.

Rivièra (Frans Rienks):
“When the opportunity arose to take over the company, Johan and I saw an opportunity that we had to seize with both hands. We greatly appreciate that the former owner Fred Sterk has given us this opportunity.”

Berk Partners (Willem Kamps):
“A company like Rivièra fits very well with our investment policy. The innovative manufacturing industry is one of our preferred sectors. Rivièra is active in a demonstrable growth market in which it occupies a leading position. The current management has a very good track record. We are happy to be able to acquire a stake in such a company and to take the company to a higher level together with management. ”

Investor Berk Partners acquires stake in Molenmaker Techniek, manufacturer of hydraulic systems for civil engineering

As at 15 February 2019, Berk Partners acquired a substantial minority interest in Molenmaker Techniek, a company established in Sneek. Molenmaker Techniek designs, produces and maintains hydraulic systems, in particular for civil engineering.

Background and activitiest
Molenmaker Techniek was founded in 2005 by Otbert Molenmaker and has grown into a leading company in its market in 15 years. The company focuses on designing, creating and maintaining hydraulic systems in the broadest sense of the word. This includes bridge and lock controls, special cylinders, aggregates and ship’s hydraulics. In addition, the design and production of special machines for production automation is also an activity of the company. The systems are supplied with or without electrical controls at the customer’s request.

The Ministry of Infrastructure and Water Management announced last year that it is launching a project for major maintenance on various bridges, locks and tunnels – which date from the 1950s and 1960s. Failures and disruptions cause disruption, traffic jams and economic damage. The impact of this is increasing due to the growth of mobility. The ministry will rejuvenate and renew old bridges and locks, focusing on the application of innovative techniques so that signals of possible defects arrive earlier. Given the size of the maintenance task, from 2020 onwards the ministry will allocate 350 million euros for the refurbishment instead of the current 150 million euros per year.

Given the strong position of Molenmaker Techniek in this market, a part of the projects mentioned above can be obtained by Molenmaker Techniek.

The transaction concerns a so-called pre-exit. Otbert Molenmaker remains director / owner and Berk Partners acquires a substantial minority interest. Molenmaker foresees interesting growth opportunities in the market, both organically and via buy-and-build. Berk Partners wants to realize these growth opportunities together with Otbert Molenmaker and jointly sell Molenmaker Techniek to a strategic party in approximately 5 years.

Acquisition of Theha BV by management and Berk Partners

On April 25, 2018, Theha BV, producer of the well-known coconut bread slices and coconut cubes, was taken over by the management team, Gijs Kakebeeke and René Jansen, with Berk Partners as financial sponsor. Former owner Bram Theunisse takes a step back and remains involved in the background as a shareholder.

The family business Theha b.v. makes coconut products since 1954. Bram Theunisse, the third generation of this coconut bread bakery family, grew up with the company and its products. In the 18 years that he was at the helm, the production activities have moved to a modern production location and he has managed to create strong growth with innovative product concepts without losing sight of grandpa’s old-fashioned tasty recipes.

After this intensive and successful period, he chose to transfer the company to Berk Partners, Kakebeeke and Jansen. They have the desire and the ambition to further develop the proven success formula with the right knowledge and new energy. This includes the further development of export and a greater focus on plant and health, with no added sugars.

The new CEO Kakebeeke has a broad background in the food industry and is looking forward to taking over the operational management of the company. Jansen, with his 13 years of experience within the company, will continue to focus on commerce, development and quality in order to realize the growth. Bram Theunisse remains involved as an advisor.

About Theha & her products

Theha is the specialist in creamy coconut products for bread, with meals or as a snack.

At Theha the coconut bread for on a sandwich is prepared. Who did not grow up with it? Easily put on a sandwich in the best colors and delicacies, without crumbling! Available in different variants, including fiber-rich, gluten-free, vegan, organic and kosher. All prepared with the tastiest coconut from Southeast Asia.

Theha also produces different varieties of tasty, soft coconut cubes that are successfully sold as a snack and are used, among other things, as an ingredient for nut mixes and granola’s, as an interior for chocolate dragees and as a decoration for cakes and pies.

In the modern production facility in Harderwijk, the production processes are carried out in a food-safe, efficient and largely traditional manner in order to give optimal taste and smoothness to the products.

Theha has an annual turnover of around € 5 million with twenty employees.

For further information, please contact:

Theha b.v.
Dhr. Gijs Kakebeeke
Nobelstraat 2
3846 CG Harderwijk
Tel.: +31 (0)341 – 41 28 60

Item in newspaper “Het Financiële Dagblad”

Item about the first closing of the Berk Partners Growth Fund in newspaper “Het Financële Dagblad”

Item in newspaper “De Financiële Telegraaf”

Item about Berk Partners in “De Financiële Telegraaf” of 16-01-2018

Fundraising 5th Berk Partners Fund in preparation

Berk Partners is expected to launch its 5th fund in 2018.
Read more about the new fund here

Strengthening team Berk Partners

Berk Partners congratulates Life & Mobility with successful sale

20160628_project-k3_tombstone-berk-page-001-300x300Investment company Berk Partners congratulates Life & Mobility with the successful sale to investment company Synergia.

In 2010, Berk Partners IV together with the management acquired all shares in this producer of wheelchairs and mobility scooters in Doetinchem. In recent years, the company has experienced strong growth, partly through organic growth and partly through a number of acquisitions. In addition to the Netherlands and Belgium, the company is now active in Western Europe and has an annual turnover of over € 30 million with approx. 110 employees.

Life & Mobility has the ambition to grow into a prominent European player. Because this is accompanied by the necessary extra investments, last year, the process started to find a successor for our holdings. We are pleased that with the new investor Synergia and two managers the conditions have been created to enable further growth.

Start of New Berk Partners at Busy Haringparty

berk_haring_2016_2a-200x300On Tuesday 21 June, more than 140 guests gathered at Brasserie Paardenburg in Ouderkerk aan de Amstel for the festive new start of Berk Partners. With a Haringparty, the renewed independence was celebrated in the presence of numerous relations (shareholders of the funds, participation boards and corporate finance advisers). Managing partner Willem Kamps opened with a word of welcome and briefly told about the plans for the new Berk Partners fund. Then former hockey international and RTL presenter Elsemieke Havenga provided a fascinating and instructive interview with former SC Heereveen trainer Foppe de Haan. Topics discussed included the similarities and differences between sport and business life. The extensive knowledge of Foppe about the football profession, supplemented with interesting anecdotes from his time at football club Heereveen, turned out to be a great combination. Of course, attention was also paid to the Foppe Fund. This fund is committed to children for whom sports or play is not self-evident because of their physical or mental disability.

While enjoying a drink, a snack and of course a herring people mingled extensively. We look back on a very successful Haringparty and a good start of the renewed, independent Berk Partners.

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Investment company Berk Partners independent again

As of 1 May 2016, Berk Partners will be independently engaged again. Of course we remain active in the management of the existing participations, with a part of the portfolio remaining with the merger partner. A new start also offers new opportunities. For example, we are fully engaged in the preparations for a new investment fund. This will be the fifth fund since the founding of Berk Partners in 1992.

In this new fund we want to focus on companies active in the (innovative) manufacturing industry, in addition to the more regular management buy-outs and management buy-ins. , companies in transition and companies that are ready or need to be prepared for the ‘next step’. So we have even more new, refreshing ideas about investing that we would like to share with you at another time. At the same time with our independence we also introduce a new house style and a new logo.

* Berk Partners, the investment company that comes from the investment vehicle of Ben Pon, has always focused on investments in longer-existing, medium-sized, well-run (family) companies from the early 1990s. After several successful investments (gin producer Koninklijke Joh. De Kuyper & Zn. And AC Restaurants) third parties, especially experienced entrepreneurs, joined the funds as shareholders. For example, investments were made in (portion) packaging company W. van Oordt & Co and games manufacturer Jumbo (Hausseman & Hötte B.V.).