Sales at entry: ~€835m Sector: Business Services HQ: The Netherlands Homepage:http://www.euretco.com/
Deal Facts
Year of investment: 2008 Seller: Halder/Gilde Buyouts Exit year: 2015 Buyer: EK Group (strategic)
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.
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. The company was successfully sold to EK, a leading retail services organization from Germany.
