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Business Services / 2008

Key Facts

Sales at entry: ~€835.0m
Sector: Business Services
HQ: The Netherlands

Company description: Euretco is the leading Retail Service organisation in the Netherlands, active in the non-food retail sector, e.g. fashion, sports, furniture and DIY. Euretco acts as intermediary between suppliers and its retailer base which consists of more than 1,400 affiliated retailers and 130 franchise holders who collectively run approximately 2,100 stores.

Deal Facts

Year of investment: 2008
Seller: Halder/Gilde Buyouts
Year of exit: 2015
Buyer: EK Group (strategic)

Growth case: Expanding the existing platform into new verticals and further professionalising the organisation together with management. The company has executed a growth strategy through a number of value creation levers by acquiring its largest competitor, adding a new DIY vertical by acquiring DGN, developing new services (e.g. e-commerce activities), optimizing its working capital, divesting non-core activities and improving the management information in combination with streamlining the organisation.