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.