Egeria and Parcom Capital intend to combine garden wood businesses
Egeria and Parcom Capital have reached an agreement to combine their investments in Tuindeco Group (“Tuindeco”) and Outdoor Life Group (“OLG”). The combination will serve as a platform to further expand into the European market for garden wood.
Tuindeco and OLG have achieved significant growth over recent years with a convincing customer proposition based on reliability and an attractive product assortment. Furthermore, both businesses have longstanding relationships and close cooperation with suppliers and service providers. The combination is expected to provide ample opportunities for further organic and acquisitive growth. The activities of both businesses provide a natural fit due to their complementary nature. OLG has, amongst others, activities in production and various international sales organisations, whereas Tuindeco has more consumer activities. It is the intention of the combination to continue to service its existing customers through the well-known brand names of both organisations. The combined businesses will be active across the full value chain from sawmill to ‘direct-to-consumer’ e-commerce, with production and sales presence throughout Europe. Egeria and Parcom are confident that the combination provides a strong platform for further international expansion, as well as further improvement in the propositions towards customers, suppliers, and employees. The transaction is subject to approval by competition authorities and other customary conditions.
Egeria is an independent Dutch investment company founded in 1997, which focuses on healthy medium-sized companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in building great businesses together with entrepreneurial management teams (Samen Durven Bouwen, Resolutely Building Together). Egeria Private Equity Funds has investments in ten companies, Egeria Evergreen has investments in five companies. Other activities are Egeria Real Estate Investments and Egeria Real Estate Development.
About Parcom Capital
Parcom Capital, founded in 1982, is a leading mid-market private equity fund. It focuses on investments in high-quality, leading companies in the Benelux. Over the past 38 years Parcom Capital has successfully invested in more than 80 (international) companies. Earlier this year Parcom Capital raised a new fund of EUR 775 million euros for new investments. Recent investments have been made in Euramax, Outdoor Life Group, 247TailorSteel, Nedac Sorbo Mascot and TAF.
About Tuindeco Group
Tuindeco is a producer, wholesaler, and e-retailer of garden wood products. Tuindeco sells its products throughout Europe.
About Outdoor Life Group
Outdoor Life Group is a producer and wholesaler of garden wood active in Europe across the whole value chain. It operates production, assembly and/or wholesale locations in the Netherlands, Germany, Estonia, France, Hungary, Norway, and Poland.