Gilde Acquires Shareholding in Europe’s Largest Temporary Fence Specialist ZND
Leading mid-market private equity house Gilde Buy Out Partners, based in the Benelux and DACH regions, has acquired a share in ZND Holding BV (ZND), Europe’s largest manufacturer of temporary fencing and pedestrian barriers.
To support ZND’s next phase of growth, they have partnered with Gilde, a well-established financial investor with a strong track record in developing mid-market companies. ZND sees Gilde as a cornerstone investor that fully supports the growth strategy envisaged by current management. That existing management of ZND will go on to maintain a majority interest in the newly established company of “ZND Group BV”.
The steel reinforcement wire products, mainly concentrated in ZND Draad B.V., will not be part of this new company and will remain fully owned by ZND Holding BV.
Wil van Beek, CEO of ZND, said of the acquirement: “Over the past years ZND has grown its temporary fence business extensively driven by increasing its focus on new fully automated manufacturing solutions, product development and international commercialization of our products. Now, the ZND team is delighted to have Gilde as a partner for the next phase of our growth. Together with Gilde we are confident to further increase revenues substantially, extend our innovation leadership and increase worldwide presence while intensifying our relationship with our current clients.”
Martijn Schreurs, partner at Gilde, adds: “This opportunity represents an attractive investment opportunity with ZND, Europe’s largest manufacturer of temporary fencing. We are impressed with the way management has been able to build an incredibly strong position in this niche, growing market through continued investment in state of the art manufacturing processes. We are delighted at the prospect of working with ZND’s management and supporting them in accelerating the execution of the company’s international strategy.”
About Gilde Buy Out Partners
Gilde manages funds in excess of EUR 3 billion and has offices in Zurich, Frankfurt, Utrecht and Brussels. Since it was founded in 1982, Gilde has invested in over 250 companies across a diverse range of sectors. With EUR 1.1 billion, the current investment fund Gilde Buy Out Fund V is among the largest dedicated mid-market buy-out investment funds in Europe. Gilde controls majority shareholdings in, amongst others, companies such as Losberger, amor, t-groep, Royal Reesink, Comcave, RIRI, Eismann, Royal Ten Cate, Teleplan and Enkco.
ZND Group, a global business specializing in temporary fencing, hoarding, pedestrian barriers and wire production, was established in 1965 in Holland and now has operations in Holland, UK, Germany, France and Poland supplying products to clients and distributors across the globe from warehouses around the world.
Wil van Beek
Chief Executive Officer
Tel: + 31 40 2073530
Gilde Buy Out Partners
Tel: + 31 88 220 2627