Sale and MBO of Coolworld to Belgian listed GIMV PE

Sector(s)
Business Services / Industrials
Deal type
Buyout / MBO / Sell your business
Date
March 2019
Countries involved
Benelux

Client

Coolworld Rentals is an international full-service rental specialist in cooling and heating equipment.

Deal

Belgian Listed private equity firm GIMV acquired a majority stake in Coolworld Rentals, continuing the fast-growing international business alongside management. In this new setting, the company is expected to be ready to further accelerate (international) growth.

Parties

Lead team

  • Bart Jonkman

    Bart Jonkman

    Managing Partner Benelux
  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Marleen Vermeer

    Marleen Vermeer

    Director Benelux

What we did

Capitalmind actively supported Coolworld as exclusive advisor along the entire sell-side process: marketing materials preparation, screening and selection of the relevant strategic and financial buyers through a competitive process, management of the due diligence and negotiation of terms and conditions of the deal plus ultimate closing of the transactions.

About the deal

Coolworld has managed to grow, expand and obtain a strong market position in Europe since its establishment in 1994, with a variety of different locations in The Netherlands, Belgium, Germany, France, Switzerland and Austria. They operate in diverse market segments, including food, retail, pharma, chemicals, logistics, and data centres, where advanced climate technologies are becoming increasingly important (fresher food, stricter requirements, environmental legislation, …), providing solutions via four product groups: (1) cold storage rooms and freezers, (2) process cooling, (3) climate control and (4) heating. Furthermore, the company offers ‘special projects’, engineering unique and ad-hoc solutions.

Gimv is a European investment company with almost four decades’ experience of investing in private companies. Listed on Euronext Brussels since 1997, Gimv manages around 1.6 billion EUR invested in about 50 portfolio companies.

Gimv is investing to enable Coolworld to realize its growth ambitions: expanding its activities in its current home markets, broadening its portfolio of energy-efficient, sustainable solutions, and further increasing its operating efficiency. This process can include buy-and-build in existing and new markets.

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