Foreman Capital has raised acquisition financing from BNP Paribas for its acquisition of THB Holding.
Lindenaar & Co Corporate Finance assisted Foreman Capital in obtaining financing for its acquisition of THB Holding, the parent company of, among others, a manufacturer and distributor of high-quality cleaning equipment and a technical wholesaler of pumps, pressure systems and piping systems.
Following a competitive process, BNP Paribas was selected as financier. BNP Paribas has offered the most suitable solution, with attractive conditions and maximum flexibility for the further roll-out of THB Holding’s growth and buy-and-build strategy.
Lindenaar & Co advised Foreman Capital throughout the entire financing process. The activities included exploring the interest of financiers (both banks and private debt), drafting the financing memorandum, structuring the financing and negotiating the terms and conditions.
Profile THB Holding
THB Holding is the parent company of, among others, the companies DiBO and Van den Borne. DiBo produces and distributes (parts for) high-quality cleaning equipment. Van den Borne is a technical wholesaler in the field of pumps, pressure systems and piping systems. The company, with a revenue of more than €50 million, has nine locations in the Netherlands, Belgium and Germany and serves customers throughout Europe from these locations.
Profile Foreman Capital
Foreman Capital is an entrepreneurial investment company focused on growing profitable SMEs, active in trade, services, manufacturing and e-commerce. From its offices in Amsterdam and Copenhagen, the Foreman team has been supporting entrepreneurs, shareholders and family businesses for 25 years in realizing their growth ambitions and further professionalizing their company.