Track Record M&A

The Rent Company is the market leader in laptop and technology devices for education through a Device-as-a-Service (“DaaS”) offering to students, extending the life of devices and enabling digital learning in the classroom.

The deal team consisted of Jan Willem Reesink (lead) and Peter Kruit.

Logchies is a family-owned company working in the field of maintenance and preservation of existing real estate for clients. Scheybeeck is an independent private equity firm that through its investments focuses mainly on companies active in rental, maintenance and service, technical services, safety, transport and logistics and construction and development.

The deal team consisted of Jan Willem Reesink (lead), Peter Kruit en Lieke van Aarssen.

Banning advised Brookz B.V. and its founders on an investment by listed investment company Value8 in Brookz.

With its investment, Value8 acquires a 31 per cent stake in Brookz B.V. (www.brookz.nl).

Brookz is the largest acquisition platform in the Netherlands with more than 50,000 affiliated entrepreneurs, investors and advisers. Since Brookz was founded in 2007, more than 7,400 companies have been sold through the platform.

After acquiring 31% in Dealsuite in early 2023, Value8 is now also acquiring a stake in a second online acquisition platform.

The deal team included Jan Willem Reesink and Peter Kruit. Banning congratulates Brookz and Value8 on the successful completion of this transaction.

Do you also want to sell your company? If so, please contact Jan Willem Reesink for more information.

PlanGo is the market leader in ERP software for driving schools and provides a SaaS service that simplifies planning, accounting and communication between driving school, instructor and student. PlanGo works for more than 1,600 driving schools and over 250,000 students use the app to get their driving licence.

On behalf of Banning, Jan Willem Reesink. supervised this transaction.

Banning congratulates PlanGo and Écart Invest on the successful completion of this transaction.

Do you also want to sell your company? Please contact Jan Willem Reesink. for more information.

TriNed and Freedom Internet have entered into a strategic partnership TriNed – provider of internet, television, and fixed-line telephony to both private individuals and business customers (exclusively through fiber optics) – and Freedom – an internet provider with a focus on privacy and security, will jointly procure and collaborate in the areas of support, technology, and upcoming services. Additionally, TriNed will acquire a minority stake in Freedom.

Banning is proud to have assisted TriNed in establishing this strategic partnership. Jan Willem Reesink and Peter Kruit guided this process. Banning wishes TriNed and Freedom Internet much success in their collaboration.

Banning is proud to have guided the shareholders of Horesca Smulders in the sale to Horesca Lieferink.

Lieke van Aarssen and Peter Kruit facilitated this transaction.

Banning congratulates both parties on this transaction!

Banning advised the shareholders of Djambo Kidsplay on the sale of all shares in Djambo Kidsplay to Ballorig

Henk Brat, Jan Willem Reesink, and Peter Kruit facilitated this transaction.

Banning congratulates both parties on this transaction!

Banning advised Dealsuite B.V. and its founders on an investment by the publicly listed investment company Value8 in Dealsuite. See the press release here (Dutch). With its investment, Value8 acquires a 31 percent stake in Dealsuite B.V.

Dealsuite (www.dealsuite.com) is a private online platform where parties can exchange real-time buying, selling, and investment projects. The Amsterdam-based fintech company, founded in 2017, has become the European market leader for online matching in the buying and selling of SMEs (small and medium-sized enterprises) in Europe. Dealsuite has clients in over 45 countries and has dedicated sales and client success teams for the Netherlands, United Kingdom, Germany, Austria, Switzerland, Belgium, France, Spain, and the Nordics. Currently, over 1,200 companies are available via Dealsuite to attract an investor or for full sale. Dealsuite’s clients are professional parties such as corporate finance advisors, private equity firms, and companies seeking acquisition opportunities.

The deal team consisted of Jan Willem Reesink (lead), Peter Kruit, and Henk Brat.

Banning congratulates Dealsuite and Value8 on the successful completion of this transaction.

Banning advised the founder/sole shareholder of Van Asperen Tandheelkunde in the sale and transfer of all shares in the capital of 2TH-Care B.V. to De Tandartsengroep c.q. (a subsidiary of) Dutch Dental Group B.V.

Van Asperen Tandheelkunde (located in Bolsward) is a highly specialised and modern clinic fully tailored to meet the contemporary demand of dental care.

The team consisted of Jan Willem Reesink, Henk Brat, and Peter Kruit.

Banning congratulates van Asperen Tandheelkunde and the Tandartsengroep of the successful completion of this transaction and wishes them success in their future collaboration.

Banning’s M&A team has extensive experience in conducting mergers and acquisitions in the dental and healthcare sector and regularly assist dentist who are selling their practice to a dental chain. For more information, please contact Henk Brat or Jan Willem Reesink.

Banning is proud to have advised the shareholder of the Brands group in the sale and transfer of all shares in the capital of Brands Holding B.V. to TEN IV (TransEquity Network).

Brands Group is a family-owned business with the professionalism of a decisive and dynamic enterprise. With its headquarters and central warehouse in Deurne, Brands handles the distribution of batteries, lighting, and flashlight-related products within the Benelux, Germany, Austria, and Switzerland.

The deal team consisted of Jan Willem Reesink and Peter Kruit.

Banning congratulates Brands Beheer and TransEquity Network on the successful completion of this transaction.

Banning’s M&A team has extensive experience in conducting mergers and acquisitions for family-owned businesses. For more information, please contact Jan Willem Reesink.

Banning congratulates Klaas Fokkema with this milestone in his career. Superkop is a company that sells a manually operated, non-electric espresso machine that excels in taste. It is easy to operate and intended for daily use. The machine uses freshly-ground coffee (no plastic capsules), does not require any warm-up, is virtually maintenance-free and most importantly: has perfect extraction. The Superkop has been designed to last forever making it a tool for life.

Banning’s dealteam consisted of Henk Brat, Jan Willem Reesink, Ranee van Straaten, Stefanie van Creij en Sophia Wittkämper.

Banning is proud to have advised BMN IJzerwaren on the acquisition of the operations of Van Engeland, Wholesale for Construction and Industry.

As of January 2, 2023, Van Engeland, Wholesale for Construction and Industry, will be part of BMN.

The deal team consisted of Lieke van Aarssen, Stéfanie van Creij, and Rebecca Mooren.

Banning congratulates BMN on the successful completion of this transaction!

Banning is proud to have advised Axivate Horeca Group on the acquisition of all shares in the capital of Restaurant ‘t Reeuwijkse Hout B.V. And Osteria B.V.

Axivate Horeca Group is affiliated with several establishment including PK bar & kitschen (Bilthoven and Utrecht), Stadskasteel Oudaen, four venues on Drieharingstraat in Utrecht (De Markt, Vintage, De Kleine Parade, a Bar-Brasserie BREN), De Roskam in Houten, Café Egelantier in Den Dolder, Café Restaurant Rust Wat in Blaricum, Van Rossum & Breuren in Woerden, and Buitenplaats Slangevegt in Breukelen. The unique locations and ambiance are characteristic of Axivate’s hospitality businesses.

With the successful completion of this transaction, Axivate Horeca Group adds two restaurants to its portfolio. Restaurant ‘t Reeuwijkse Hout and Osteria Mercatu are both situated in the natural area of the Reeuwijkse Plassen in the Green Heart region.

You can find a link to the corresponding press release here.

Banning congratulates Axivate Horeca Group on the successful completion of this transaction.

Banning is proud to have advised BMN IJzerwaren on the acquisition of the activities of GBI Jacob Bakker IJzerhandel B.V. as of September 1, 2022.

The deal team consisted of Lieke van Aarssen, Jeff van Veen, and Rebecca Mooren.

Banning congratulates BMN on the successful completion of this transaction!

Banning is very proud to be able to advise Heesen Yachts and its management on the sale of Heesen Yachts to Stichting Continuiteit HYG.

The deal team consisted of Henk Brat, Jan Willem de Tombe and Lieke van Aarssen.

Other Banning colleagues involved in this transaction are Matthijs Steenpoorte, Jasper Huiskes, Jan Willem Reesink, Jeff van Veen, Ruben Herculeijns and Joris de Wilde.

Banning is proud to have advised 5square in its investment in De Huidkliniek.

The deal team consisted of Jan Willem Reesink en Jasper Huiskes. Other Banning colleagues involved were Arjen de Bruijn, Lieke van Aarssen, Ranee van der Straaten, Floortje Eijdems and Milan van Woensel.

Founded in 2003, De Huidkliniek is the largest provider of skin therapy in the Netherlands, with 12 clinics and approximately 50 certified and Big-registered skin therapists. De Huidkliniek offers a wide range of skin therapeutic treatments, skin rejuvenation procedures, fat freezing, and laser treatments, utilizing the most advanced light and laser equipment.

You can find a link to the related press release here (Dutch):

https://www.ondernemersbelang.nl/nieuws/de-huidkliniek-trekt-miljoenen-investering-aan-voor-verdere-uitbreiding/

https://mena.nl/artikel/5square-investeert-in-de-huidkliniek

Banning congratulates 5square and De Huidkliniek on the completion of this transaction and wishes them success in their future collaboration.

Banning is very proud to be able to advise the founders/shareholders of it’s about RoMi BV on the sale of all of the shares in It’s about Romi.

The deal team consisted of Lieke van Aarssen, Henk Brat and Rebecca Mooren.

Banning is very proud to be able to advise the current CEO and founder of TMI, Noël de Vries, with the sale of TMI to House of HR and its post-closing reinvestment.

The deal team consists of Henk Brat and Jan Willem Reesink. Other Banning colleagues involved in this transaction are Astrid Booijink, Stéfanie van Creij, Peter Kruit and Jasper Huiskes.

TMI, headquartered in Amsterdam, is one of the largest HR service providers in the Netherlands and the leading provider of healthcare staffing and recruitment services in the Netherlands for hospitals, public care institutions, ambulance staff, nursing homes, and other healthcare settings. House of HR is a leading services group active in the world of HR.

More information in FD.

In this transaction, Banning worked closely together with Vondel Finance (Frank de Lange, Daan Haeck, Bas Denissen and Michaël Bayer).

Banning congratulates Noël de Vries, TMI and House of HR with the closing of this transaction.

Banning is proud to be able to advise BME Group (BME) in this strategic acquisition.

BME is one of Europe’s leading building material distribution companies and active in the distribution of building materials in the Netherlands under, among others, the General Builders Merchant (GBM) brand BMN.

BMN is active in the GBM market in the Netherlands, with over 120 locations. With the acquisition of De Jong & Roos, BMN will expand its ironmongery footprint in the Netherlands.

Banning has assisted the shareholders of Centercom in the acquisition by Exterion Media. Centercom has been active as an outdoor advertising operation for over 20 years. Its advertising objects together form a large nationally spread media network. Through its networks, Centercom offers advertisers the opportunity to communicate directly with their target audience. It is the market leader in the field of A0 poster displays. With over 36.000 A0-advertising spaces in the Netherlands, they serve both (inter)national brands and national as well as local cultural institutions with successful outdoor advertising campaigns. In this acquisition, Exterion Media has taken over Centercom’s digital supermarket network.

Banning is pleased to have assisted BPI Services and its shareholders in the acquisition of BPI Services by Karmijn Kapitaal.

BPI Services specializes in identification solutions for entities including Dutch core departments, the National Police, border control, healthcare institutions, and companies such as KPN, Kuehne+Nagel and Secure Logistics. The technology company provided comprehensive solutions in the field on Identification and Smart Sensoring both domestically and internationally. Its products and services are uses for tasks such as fingerprinting, scanning and verification of identification documents, and ensuring a secure and humane stay in an Extra Secure Room (EBK), High Intensive Care clinic (HIC), or Police Detention Complex (PAC). With the increasing requirements of supervisory authorities, the company is witnessing a rapid growth in demand for reliable identification solutions.

Banning is very proud to be able to advise RDM in this strategic acquisition. The deal team consists of Henk Brat, Minos van Joolingen and Suzanne Lodder. Francesco Guatelli of Intesa Sanpaolo (IMI Corporate & Investment Banking division) acts as financial advisor of RDM.

Reno De Medici S.p.A. has signed an irrevocable commitment to acquire 100% of the share capital of Fineska B.V., the Dutch holding company of “Eska” Group. The seller, Andes C.V. is a vehicle controlled by the US investment firm Andlinger & Co. The commitment to underwrite a preliminary agreement for the acquisition of 100% of the share capital of Eska Group is subject solely to completion of Dutch employee representative consultation procedures. Upon fulfilment of such condition, a binding agreement to purchase 100% of the share capital of the holding company Fineska B.V. will be signed.

RDM Group is the second largest European producer of coated recycled cartonboard, the largest in Italy, France and the Iberian Peninsula. The Group is listed on the Star Segment of the Borsa Italiana S.p.A. and Madrid Stock Exchange Market.

The Eska Group is a global leader in the production of solid board based on 100% recycled fibers in its two factories located in The Netherlands (in Sappemeer and Hoogezand), with an overall installed yearly capacity of 290,000 tons. Solid-board applications range from luxury packaging to bookbinding, from puzzles & games to stationery.

Banning congratulates RDM on this acquisition.

Kargro, the Dutch market leader in collecting and recycling of end-of-life tyres (“ELTs”), was acquired by management in a management-buy-out.

Kargro, headquartered in Montfoort, collects used truck tyres under the brand name Kargro Banden and used passenger car tyres under the brand name Lintire. The collected tyres are either sold for new use, re-treaded by Kargro’s wholly owned subsidiary Banden Plan Europe or processed into raw materials (rubber, steel and cotton). The company is frontrunner when it comes to circularity and is actively investing and doing research in new recycling techniques.

Banning acted as legal advisor to all shareholders.

Banning is pleased to have once again assisted Protix in a funding round. As part of this investment round, Invest-NL, a Dutch government investment fund focused on energy transition and innovative high-growth companies (scale-ups), provided financing to Protix. In addition to Invest-NL, the current shareholders of Protix also participated in the investment round: Rabo Corporate Investments, Aqua-Spark, and Brabantse Ontwikkelings Maatschappij. With the raised funding, Protix can further optimize its production capacity and prepare for continued international expansion.

For more information about the deal, we refer you to the official press release from Protix and Invest-NL.

Banning recently facilitated the takeover in which KEKI Invest B.V. acquired 60% of the shares in Jong Specialiteitenbakkerij and also obtained 50% of the shares in the related real estate company. Jong Specialiteitenbakkerij B.V. is engaged in the crafting of artisanal cakes with unique flavors for retails, hospitality, and foodservice sectors. The parties share a common ambition to expand and further grow the business.

We congratulate all parties involved on the commencement of this collaboration!

We congratulate all parties involved on the successful transaction and want to thank all for the pleasant cooperation!

Nexus is one of the leading European software companies for the healthcare industry. RVC Medical IT is a leading independent software vendor offering a comprehensive Healthcare Enterprise Imaging software suite. Main Capital is a strategic investor with an exclusive focus on Enterprise software companies in the Benelux, DACH and Nordics regions. For more information on this deal check the press release here.

Banning has recently assisted the founders of QarQuest on its strategic alliance with NIBC forming the new fintech platform: Yesqar. Yesqar offers financing solutions to the automotive sector with an exclusive focus on financing of cars on stock and car leasing portfolios. This new initiative makes the difference for their clients by combining the extensive financial expertise of NIBC with the power of data and market knowledge of QarQuest. QarQuest provides yesqar with unique data insights into 60 million used cars, including sales in several counties, turnover rates and valuations.

As part of this strategic alliance the founders of QarQuest have sold a minority interest to Finpart B.V., a wholly owned subsidiary of NIBC Holding N.V. QarQuest supports companies with the sale and purchase activities of used cars by giving their clients a clear benchmark and overview of their current offer of used cars in the automotive industry in a specific area in Europe via the QarQuest dashboard.

We congratulate all parties with the transaction and the start of this new partnership.

Congratulations to Vendora and its investors on the completion of this second financing round.

We are pleased to have contributed to this expansion. We wish Vendora all the best in continuing its growth and strengthening its leading role in Greece.

Banning has recently assisted the Robeco Private Equity Management Team in the acquisition by Stafford Capital Partners of Robeco’s private equity business from Robeco. This transaction is closed on 4 June 2020.

The Stafford and Robeco private equity teams have known each other for many years through a common investment strategy in the field of sustainability, with the combination of these teams representing one of the most experienced private equity teams globally for responsible private equity investing.

The European team complements Stafford Private Equity’s current capabilities in the US and Australia, allowing Stafford to offer a truly global private equity solution to clients. The combined private equity business represents USD 3.1 bn of assets under management.

Banning has recently assisted Martello Technologies Group Inc. (“Martello”), a leading a provider of digital experience monitoring (DEM) solutions deployed in more than 5,000 enterprise networks around the world, on the acquisition of GSX Participations SA (“GSX”), a provider of end-user experience monitoring for Microsoft Office 365. The acquisition of GSX, recognized by Gartner as a digital experience monitoring vendor, extends Martello’s DEM capabilities into the Microsoft Office 365 market, which has approximately 200 million monthly active users. In addition, Banning assisted Martello with the closing of debt financing, provided by Vistara Capital Partners and National Bank of Canada, as with a bought deal public offering.

Banning N.V., Perley-Robertson, Hill & McDougall LLP, Barclay Damon LLP, Meyerlustenberger Lachenal AG and Lapointe Rosenstein Marchand Melançon LLP advised Martello on the transaction.

Banning Advocaten recently facilitated the acquisition in which St. Paul acquired the activities of Givaudan/Vika in the processed cheese, grated cheese, and air-dried cheese segments. This transaction represents a successful expansion of St. Paul’s operations in the market segments of ready-to-eat meals, snacks, and other food products. Through this acquisition, St. Paul is able to offer a wider range of products in the grated cheese and air-dried cheese categories.

St. Paul Group is a medium-sized family business and a leading supplier of cheese, analog, and vegan solutions to the food industry. St. Paul holds a strong position in Europe and has seen significant growth in sales volumes in other parts of the world as well. The combination of St. Paul’s existing operations with the former Givaudan/Vika activities enhances St. Paul’s position as a leading player in cheese concepts, providing a diverse product range of cheese, analog, and vegan alternatives to a wide range of customers in the food industry.

Karmijn Kapitaal, a private equity investor in Dutch SMEs, has now acquired occupational health service provider Rendemens (indirectly) in addition to its previous acquisition of Equilar. Through this (add-on) acquisition, Equilar can expand its service offering and cater to a larger customer base while further focusing on innovation.

Our team advised Karmijn Kapitaal in this acquisition, including the process of obtaining approval from the Dutch Healthcare Authority (NZa).

Banning Advocaten recently assisted Protix B.V. (after this: Protix) in the investment by Rabo Corporate Investments (Rabo Participations B.V.) in Protix. Protix is a company focused on scalable and verifiable insect breeding. Protix aims to make the food chain more sustainable by cultivating the black soldier fly and using its larvae as a unique source of protein for both food and feed applications! Through high-tech solutions, artificial intelligence, genetic improvement programs, and robotics, Protix aims to restore balance between the food chain and nature.

Atlantic Capital B.V. has sold the commercial property in which VIBA B.V. (formerly: Vereenigde Ingenieursbureaux “VIBA” N.V.) is located to a group company of VIBA B.V. This transaction follows last year’s share transaction in which Atlantic Capital sold its (indirect) 100% stake in the share capital of VIBA B.V. to Oryx Chemical S.A.S. VIBA is a technical trading company that focuses on marketing and sales of chemical and mechanical fastening solutions for manufacturing companies, the aerospace industry, and the automotive aftermarket in the Netherlands and Belgium. Atlantic Capital is an independent investment company that focuses on investing in businesses with growth or improvement potential.

We congratulate all parties involved on this significant transaction!