The shareholders of Erdo Group (“Erdo”) decided to sell a majority stake in the company to the German private equity fund DPE Deutsche Private Equity GmbH (“DPE”) for an undisclosed consideration.
Erdo is a leading specialist for roofing, cladding and lightning protection installation with a focus on the maintenance and renovation segment. The group has a broadly decentralised coverage across the Netherlands and Germany, generates revenues between EUR 85 – 90m and counts more than 520 employees.
With the support of DPE, the company plans to accelerate its international expansion. In the past, continuous and sustainable growth has been at the centre of shaping Erdo’s position as quality leader in its home markets. For the future, DPE and Erdo’s management will together continue to build the business by strengthening its position in current markets and entering adjacent regions.
CASE Corporate Finance / ABN AMRO acted as sole financial adviser to the owners of Erdo, leveraging the team’s deep knowledge of the construction and industrial services markets with its cross-border Dutch-German expertise. This deal is yet another example of the excellent cooperation between CASE Corporate Finance and ABN AMRO.