IK VII INVESTERER I CID LINES
IK Investment Partners (“IK”) is pleased to announce that the IK VII Fund has reached a binding agreement to acquire CID LINES N.V. (“CID Lines” or “the Company”), a leading provider of innovative hygiene solutions, from Gilde Buy Out Partners (“Gilde”). Financial terms of the transaction are not disclosed.
Established in 1988 and headquartered in Belgium, CID Lines is a leading supplier of innovative hygiene solutions for the agricultural, food, vehicle care and institutional industries. With a network of over 750 distributors and importers, the Company exports its solutions to more than
“CID Lines’ high quality product portfolio supported by its unique distribution platform puts the Company in an ideal position to benefit from the accelerating market consolidation. We are truly impressed by the Company’s performance over recent years, and we are looking forward to supporting the management team in executing its growth ambitions,” said Remko Hilhorst, Partner at IK Investment Partners and advisor to the IK VII Fund.
“Together with management, we have supported CID Lines to become one of the leading actors in Europe, with a strong and growing presence on other continents. We now believe CID Lines is ready for a next step in its development with a new supporting shareholder. We are pleased that IK has agreed to continue the journey with management to further develop and strengthen the Company’s market position,” said Nicolas Linkens, Partner at Gilde.
Koen Brutsaert, Founder and CEO of CID Lines, added:
Completion of the transaction is subject to merger clearance and other customary conditions and is expected to take place early 2016.
For enquiries, please contact:
IK Investment Partners
Gilde Buy Out Partners
About IK Investment Partners
About Gilde Buy Out Partners
Dansk Vækstkapital har afgivet et investeringstilsagn på € 40 mio. (ca. DKK 298 mio.) til IK Fund VII.