Sale of Schutte Bagclosures to Ecart Invest

Sector(s)
Food & Agro / Industrials
Deal type
Buyout / MBO / Growth / Equity capital / Sell your business
Date
January 2010
Countries involved
Benelux

Client

Schutte Bagclosures is an innovative manufacturer of bag closing systems mainly in the food sector; market leader in Europe

Deal

Schutte Bagclosures was sold to Ecart Invest (PE), enabling international expansion and additional investments in product & business development

Parties

Lead team

  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Bart Jonkman

    Bart Jonkman

    Managing Partner Benelux

What we did

Capitalmind actively supported Schutte Bagclosures as exclusive M&A advisor along the entire sell-side process: marketing materials, screening and selection of the relevant 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

Schutte Bagclosures is the European market leader in the production, sales and distribution of bag closures and binding materials. With its products, the company focuses on the bread and pastry industry, the food industry, industrial and agricultural markets and the plastic bags industry. With sales in more than 50 countries, Schutte has grown into a global player, known for its quality, reliability and optimal service.

Écart acquired a majority interest in Schutte in order to facilitate (international) growth, investments in product & business development and the buy-in of new management.