Sale and MBO of Coolworld to Belgium 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

Belgium 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 M&A advisor along the entire sell-side process: marketing materials, 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 transaction.

About the deal

Coolworld Rentals is a cooling and heating equipment rental orgnisation with current locations in The Netherlands, Belgium, Germany, France, Switzerland and Austria. Coolworld operates in diverse market segments, including food, retail, pharma, chemicals, logistics, and data centres, where advanced climate technologies are becoming increasingly important. Solutions are provided 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 PE 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

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