Private equity firm Gimv invests in Snack Connection, a leading supplier that specialises in the purchasing, processing, mixing and packaging of nuts, dried fruits and seeds.
Along with Gimv, Snack Connection has the ambition to strengthen its position in Europe by expanding its customer base and entering into new partnerships both in the Netherlands and abroad.
Lindenaar & Co acted as advisor to Gimv, assisting with market research and the identification and approach of interesting targets. Moreover, Lindenaar & Co played an active role in the transaction process, including drafting of the offer, negotiation and due diligence coordination.
Gimv is a European investment firm with ample experience in private equity and venture capital. Gimv is listed on the Brussels Stock Exchange and manages approximately €1,6 billion (including co-investment partnerships) of investments through over 50 portfolio companies. Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them actively during their transformation towards market leaders. Gimv specialises in four investment platforms: Connected Consumer, Health&Care, Smart Industries and Sustainable Cities. Each platform works with a skilled and dedicated team across Gimv’s home market (Benelux, France and Germany).
Profile Snack Connection
Snack Connection is founded in 2010 by Perry van Otterloo (Managing Director) and Rens van Oostrum (Financial Director) and operates as a full-service supplier of private label solutions for the European retail and B2B market. Snack Connection has a unique position with a strong customer base in the Netherlands, operates two production facilities located in Giessen and Bergschenhoek, and employs over 100 employees. With its wide product range of nuts, seeds and dried fruits, Snack Connection is able to meet the growing demand for healthier, more natural foods.