Investor Berk Partners private equity acquires a stake in Technotape from Baarn

Investor Berk Partners private equity acquires a stake in Technotape from Baarn, an international supplier of products for high-quality printing (sublimation) of photos on a variety of articles.

Amsterdam, May 3, 2021 – Investment fund Berk Partners has acquired a substantial interest in the Baarn-based company Technotape BV as of April 30, 2021. Technotape specializes in everything related to personalized sublimation. Sublimation is the technique that makes it possible to make photo-realistic prints. The goods that the company offers include: products on which the printing (sublimation) takes place (such as mugs, puzzles and phone cases), but also printing equipment and printing supplies.

Technotape supplies and produces supplies to print products such as mugs, puzzles, bags or phone cases with photo-realistic quality (sublimation)

Activity
Technotape is the specialist in the field of unburdening (online) shops with individualized products for private (end)customers and knows how to distinguish itself as a supplier through quality, reliability and a broad product range. Technotape sells its products worldwide. Customers include photo processing companies, online retailers that sell personalized products and distributors with a high volume.

In the broader market of personalization of products, sublimation (photorealistic printing) has grown steadily in recent years and has become an important niche market. This growth is expected to continue in the coming years. The corona crisis has had a positive effect on the demand for Technotape’s products.

As a producer, Technotape bears responsibility for the environment, in line with the ESG objectives of investment company Berk Partners. Technotape therefore closely follows the development of sustainable, biodegradable and recycled materials and will – where possible and desired – apply these products and present the various options to customers.

Transaction
The transaction is a combination of an MBI (management buy-in) and a pre-exit. Berk Partners Groeifonds joined as a shareholder on April 30, 2021. Mr. Patrick van Styrum has joined as a new shareholder and director and the current owner, Mr. Bonne Klein Woolthuis, will remain co-shareholder and director. Together they form the driving force behind Technotape and will focus on the further development of Technotape in the coming years. The focus remains on offering sublimation products.

New co-owner and CEO Patrick van Styrum has a broad background in FMCG and promotional gifts and is looking forward to taking over the operational leadership of the company. Patrick has worked at Heineken, among others, and has previously been the founder / owner of a company in relation articles.

Van Styrum foresees interesting growth opportunities. “With the involvement of Berk Partners, we can further expand internationally, professionalize and the networks of Berk Partners are also available for Technotape.” says Van Styrum.

“The collaboration with Berk Partners is a conscious choice,” says Bonne Klein Woolthuis. “This collaboration offers the opportunity to further concentrate on commerce and building the technical capabilities of the company, whereby Berk will support Partners in further shaping the growth. Berk Partners has gained a lot of experience with such projects in the past. ”

Berk Partners (Rimco Geels):
“Technotape fits in well with our investment policy. The innovative manufacturing industry is one of our preferred sectors. Technotape is active in an attractive growth market and occupies a leading position there. The new and current management have a very good track record. With the increasing focus on quality in this sector, the role of Technotape will only increase. ”

 

About TechnoTape B.V.
For more information: Patrick van Styrum (p.vanstyrum@technotape.com) and www.technotape.com.

About Berk Partners private equity
Berk Partners is an independent investment company founded in 1992. Over the past thirty years, investments have been made in dozens of successful medium-sized Dutch companies. Berk Partners stems from Berk Holding, the investment vehicle of Mr Ben Pon, founded in the 1970s. After several successful investments, third parties also joined. Berk Partners has invested in, among other things, Royal Joh. de Kuyper & Zn. (spirits), (portion) packaging company W. van Oordt & Co, games company Jumbo and Life & Mobility (manufacturer of wheelchairs).

The current Berk Partners fund is the fifth fund in succession and has assets of almost € 50 million. Based on past experience, the fund has a preference for investments in the food industry, innovative manufacturing industry and healthcare supplier. As a committed shareholder, Berk Partners adds value by making knowledge, a network, entrepreneurship and active support available in addition to capital. The 5th Berk fund realized its first investment in 2018. Berk Partners acquired a majority stake in the Harderwijk company Theha B.V., the only producer of coconut bread in the world. On February 21, 2019, an interest was acquired in Molenmaker Techniek (MTS), located in Sneek. MTS produces and maintains hydraulic systems for Road and Hydraulic Engineering. An interest in Rivièra Product Decorations (RPD) was acquired on April 18, 2019. RPD is specialized in the application of shrink-wrap packaging. Berk Partners invested in Aarts Packaging in Waalwijk in December 2019. Aarts is a producer of packaging for the personal care and food industry.

ESG policy
Berk Partners gives ESG considerations an important place in the selection of investment propositions and the management of its holdings. ESG stands for “Environmental, Social & Governance” and means that factors such as energy consumption, climate, availability of raw materials, health, safety and good corporate governance are explicitly taken into account when choosing to invest in a company.

For more information:
Berk Partners Groeifonds B.V.
Willem Kamps (kamps@berkpartners.nl or 020 2619 350).

 

Investor Berk Partners acquires stake in Aarts Plastics in Waalwijk

Investor Berk Partners takes an interest in Aarts Plastics in Waalwijk, producer of packaging for the personal care and food industry.

Berk Partners has acquired a substantial interest in the Waalwijk-based company Aarts Plastics BV (Aarts) as of December 3, 2019. Aarts is specialized in the injection molding of plastic packaging, particularly for the cosmetics industry, the food industry and the pharmaceutical industry.

Aarts produces high-end caps for, among other things, cosmetic packaging. These plastic caps often need to have a metal or glass look to match the rest of the packaging.

Activity

Aarts is the specialist in the field of complex, high-end plastic packaging and serves many large and small customers at home and abroad. Aarts mainly focuses on projects in the cosmetics industry, but also has customers in the food and non-food industry.

As a packaging manufacturer, Aarts bears responsibility for the environment, in line with Berk Partners’ ESG objectives. Aarts therefore meticulously follows the development of sustainable, biodegradable and recycled materials and will – if possible and desired – apply these products and present the various options to customers.

Transactie

De transactie betreft een zogenaamde pre-exit. Per 3 december is Berk Partners Groeifonds toegetreden als aandeelhouder. De zittende directeur Rob Geurtz blijft mede-aandeelhouder en de drijvende kracht achter Aarts.

Rob Geurtz en Berk Partners zullen zich de komende jaren samen richten op het verder uitbouwen van  Aarts Plastics, zowel binnen als buiten de landsgrenzen. De focus blijft liggen op het spuitgieten en nabewerken van high-end kunststof verpakkingen.

Geurtz voorziet interessante groeimogelijkheden. “Met de betrokkenheid van Berk Partners kunnen we blijven investeren in de technische capaciteiten van Aarts en worden ook de netwerken van Berk Partners voor Aarts beschikbaar.” aldus Geurtz.

De samenwerking met Berk Partners is een bewuste keuze, aldus Geurtz. “Deze samenwerking biedt de mogelijkheid mij verder te concentreren op de commercie en het bouwen aan het bedrijf, waarbij Berk Partners zal ondersteunen om de organisatie verder vorm te geven en te professionaliseren. Berk Partners heeft in het verleden veel ervaring opgedaan met dergelijke projecten.”

Berk Partners (Willem Kamps):“Aarts sluit goed aan bij ons investeringsbeleid. De innovatieve maakindustrie is een van onze voorkeurssectoren. Aarts is actief in een aantrekkelijke groeimarkt en neemt daar een vooraanstaande positie in. Het zittende management heeft een zeer goed trackrecord. Met de toenemende focus op kwaliteit en nabewerking in deze sector zal de rol van Aarts alleen maar toenemen.”

Transaction

The transaction is a so-called pre-exit. Berk Partners Groeifonds became a shareholder on the third of December. The incumbent director Rob Geurtz remains co-shareholder and the driving force behind Aarts.

In the coming years, Rob Geurtz and Berk Partners will jointly focus on further expansion of Aarts Plastics, both within and beyond the country borders. The focus remains on the injection molding and finishing of high-end plastic packaging.

Geurtz foresees interesting growth opportunities. “With the involvement of Berk Partners, we can continue to invest in Aarts’ technical capabilities and Berk Partners’ network will also become available to Aarts.” says Geurtz.

The collaboration with Berk Partners is a conscious decision, says Geurtz. “This collaboration offers the opportunity to further concentrate on commerce and scaling the company, whereby Berk Partners will support in further shaping and professionalizing the organization. Berk Partners has gained a lot of experience with similar projects in the past. ”

Berk Partners (Willem Kamps): “Aarts fits in well with our investment policy. The innovative manufacturing industry is one of our preferred sectors. Aarts is active in an attractive growth market and occupies a leading position. The incumbent management has a very good track record. With the increasing focus on quality and post-processing in this sector, Aarts’ role will only increase. ”

 

 

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.

Activity
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.

Transaction
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.

Market
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.

Transaction
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
info@theha.nl
Tel.: +31 (0)341 – 41 28 60
www.kokosbrood.nl

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.