Investcorp, a global provider and manager of alternative
investment products, today announces its agreement to acquire SPGPrints Group
B.V. from funds managed by
Bencis Capital Partners for an enterprise value of EUR 240m. Closing of the
transaction is expected following clearance from the relevant competition
authorities.
Established in 1947, SPGPrints is the leading global
provider of integrated solutions for rotary screen and digital printing for
textiles and graphic applications, and the leading manufacturer of precision
metal components for a broad range of applications. Headquartered in Boxmeer,
The Netherlands, the Company is represented in more than 100 countries
worldwide and in 2013 generated revenue of EUR 214m, a large share of which was
from emerging markets.
Carsten Hagenbucher, a Principal in Investcorp's corporate
investment team in London, said: "We have followed SPGPrints for a long
time and were attracted by its differentiated, global rotary screen business,
its innovative digital inks activities, attractive precision metals offering
and entrepreneurial management team. We're excited to now have the opportunity
to partner with management as we seek to help accelerate the Company's growth,
both organically and through appropriate add-on acquisitions, and to drive
continued international expansion. There are many parallels to other portfolio
companies in which we have invested and we look forward to applying such
knowledge to SPGPrints, particularly with respect to digital inks."
Mr. D.W. Joustra, Chief Executive Officer of SPGPrints,
added: "We were impressed by Investcorp's long track record of working
with the management teams of its portfolio companies to help them expand into
new markets on an international scale. With a truly global presence, we believe
that Investcorp is a complementary partner for SPGPrints and one that will
provide us with the solid capital base required to help us realize the full
growth potential of the business, including through add-on acquisitions."
