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About Rabo Participaties

Rabo Participaties (‘RaPar’), a subsidiary of Rabo Private Equity, is a direct investment fund which invests in a wide range of industries within the Dutch SME sector. We are flexible when it comes to investment structures, holding both minority and majority stakes.

We invest in management teams and work closely with them on achieving our shared objectives. We do this by setting goals together and supporting the management in accomplishing these goals where needed. Throughout this process, we believe in the strength of an open and hands-on collaboration.

Our investment focus

Our investment criteria

EUR 2 to EUR 15 million in venture capital

Ambitious management team looking for open and transparent collaboration

Registered office and core business based in the Netherlands

Businesses with a positive cash flow and a proven track record: minimum of roughly EUR 1.5 million in EBITDA

Excluded sectors: property (real estate) and financial services

What is our added value?
PARTNER
Partnership

An open partnership between shareholders and management enables superior decision-making. Rabo Participaties adopts the role of a committed shareholder that steps in if this pays off, but at the same time likes to give the management the latitude they need.

OUTLOOK
Long-term outlook

As an investment division within Rabobank, we are not confined to a limited investment horizon, and are able to view the situation based on the long-term outlook. In our decision-making, we are guided mostly by which solution maximises value for the company and its shareholders.

KNOWHOW
Knowhow and network

Our portfolio companies gain access to Rabobank’s extensive domestic and international network, and therefore to relevant studies and a wide roster of clients and business associates. In some cases, we apply this knowhow and experience by setting up a Shareholders’ Board or Supervisory Board within the company.

EXPERTISE
Financial expertise

We share our experience with acquisitions, organisational changes and financing in order to improve our results.

Wij focussen ons op de volgende sectoren binnen de strategie van Banking4NL
Food & Agri

With world population growing RaPar is actively pursuing investments that can help sustainably feed 9bn people. Using Rabobank F&A knowledge we invest to improve efficiency and availability of food.

Healthcare

An aging population means an increased need for healthcare without endangering the affordability for the next generations to come. Through our investments RaPar wants to contribute to the efficiency and affordability of healthcare.

Industry 4.0

RaPar aims to invest in companies that contribute to the next generation of production companies through innovation and automation, which supports the backbone of Dutch economic environment.

GreenMo

"In the current life-cyle of the company, in which we are experiencing strong growth and the (international) growth opportunities are legion, RaPar is the perfect partner for us to realize the next phase in the expansion of our company. In addition to a personal click, RaPar offers a capital structure in which the entrpreneur is given sufficient room to run the business.

GreenMo is the market leader in the rental of (electric) vehicles. These include (electric) scooters and electric bicycles, for last mile delivery focused on meal- and mail delivery in the Netherlands and the UK.

Doeke Boersma
Managing Director
Hofmeester Dental

Niels Kleijer: “As management we feel very much strengthened with the support of a strong partner like RaPar. In an ultra competitive and globalizing dental market, where a small number of manufacturers are gaining in size and influence, economies of scale are vital for us to remain successful”.

Pieter-Jan Prince: “Our ambitious plans focus on growth, purchasing and logistics, in addition to help realize ‘ontzorging in de zorg’, roll out of a new innovative inventory system and our continued innovation in our dynamic ecosystem. In the new shareholder setting with RaPar, employees are now enabled to become shareholders in this Dutch family business. After 40 years, we remain independent, personal, experienced and nearby for our valued customers!”

Hofmeester is active in the dental industry and has interests in orthodontics and digital dental care. The company has become one of the main suppliers in the Dutch dental industry.

Niels Kleijer & Pieter-Jan Prince
Management
Sale of Nutriad to Adisseo completed

Jean-Marc Dublanc (CEO Adisseo): "We are pleased to have quickly brought the Nutriad acquisition to completion and excited to welcome Nutriad talents in the Adisseo team. This complementary combination supports our strategy for accelerating growth of our Specialty products business. Together, we will set up an efficient organization which should allow us to strengthen our global product portfolio’s competitiveness and its overall efficiency”

Erik Visser (CEO Nutriad): “The announcement of the acquisition of Nutriad by Adisseo has been met with overwhelming enthusiasm by our customers, suppliers, distribution partners and employees across the world. Now that we have confirmed the completion of the transaction, the Adisseo and Nutriad teams will jointly work with full energy and passion on the integration, committed to bringing further value adding solutions to the market.”

On 9 February 2018, Rabo Private Equity and Royal Bank of Scotland completed the sale of the Nutriad group to Adisseo.

Nutriad is a global feed additives producer and has been part of the portfolio of Rabo Private Equity since 2008. It provides feed additive solutions for animal nutrition and health to more than 1,200 customers in over 80 countries, through a network of sales offices and distributors. These are supported by 4 application laboratories and 5 manufacturing facilities on 3 continents.

Bakon

‘RaPar has proved to be a strong partner to us that has helped us to further boost Bakon’s growth. Their international network in the food industry can support us in this process. The partnership between Bakon and RaPar has been highly constructive, which has given us great confidence in the future.’

Bakon is a manufacturer of a large selection of cutting and spraying machines and depositors for industrial confectioners and traditional bakeries worldwide.

Ronald Gijssel
CEO Bakon
VB Airsuspension

VBA has strenghtened its core-business by entering into a strategic partnership with DexKo Global, from Novi (Michigan, USA) and its daughter company AL-KO Vehicle Technology from Kötz (Germany) in Q2-2018. In the transaction, Rabo Participaties stepped out after a successful partnership.

"We are going through a further, very important period in the history of VB-Airsuspension. I have been on the board for almost three years now. During this time, the company has developed very positively due to the support of Quadrum Capital and Rabo Participaties. Together we have achieved a lot and after the transaction Quadrum Capital will further support us in the professionalization of the company."

VBA is engaged in the development, manufacture and sale of innovative air suspension systems for commercial vehicles, meeting the fast-growing demand for maximum driving comfort, perfect road holding and increased driving safety.

Gerald Molenveld
Director at VB Airsuspension
UP Learning

‘Rabo PE did an admirable job in supporting UP in the carve-out of the Educus education business. There were several factors involved that made this a highly complex process, and the M&E expertise of Rabo PE and the Supervisory Board have proved to be extremely valuable. After helping to complete this deal, Rabo PE remains closely involved in UP’s operations, including both day-to-day business and strategic planning.’

UP learning is a partner in modern online learning solutions. They are one of the largest providers in this market and a pioneer in video-based learning, creating valuable learning landscapes which improve learning outcomes.

Martin van den Broek
CEO
Bergman Clinics

‘Our organisation has made tremendous progress in recent years, which should be credited in part to the close partnership we have built with Rabobank Private Equity. Our organisation and financial management has been further strengthened, and in previous years this has resulted in strong, organic revenue growth.'

Over the past 25-odd years, Bergman Clinics has become the largest network of focus clinics for planned medical care in the Netherlands. We serve more than 85,000 clients a year divided across more than 20 locations.

Paul Degenhart
CFO - Bergman Clinics

Our Team

Robert Bär
Associate Director

Having joined RPE in March 2015, Robert previously worked for three years as a financing specialist at Corporate Clients within Rabobank International. He was responsible in this role for structuring and managing tailor-made financing solutions to Dutch corporate clients. Robert, who began his career as a management trainee at Rabobank International, holds a Master’s degree in International Economics and Business Studies from Erasmus University Rotterdam.

Dolf Broekveldt
Associate Director

Dolf, who joined RPE in September 2013, previously acquired experience in Rabobank’s FR&R division, where he focused on financial restructuring operations and finding solutions to complex financing problems in the corporate sector. Prior to joining Rabobank, he worked for more than eight years as a legal counsel within M&A, Finance and Insolvency for Clifford Chance, Lovells, and other firms. Dolf earned a degree in Dutch Law from the University of Amsterdam.

Thijs Friederich
Director

Prior to joining RPE in June 2015, Thijs was employed at Rabobank Capital Structuring for six years, where he advised wholesale customers on acquisitions, refinancing operations and IPOs. Thijs previously worked for ABN AMRO for more than nine years, where he was involved in M&A, Acquisitions Finance and Commodity Finance (in Chicago in the United States). Thijs holds a degree in Financial Economics from VU University Amsterdam.

Ronald van Houselt
Associate Director

Before joining RPE in 2014, Ronald worked for more than three years as an Associate on the Corporate Lending team of Rabobank International, where he was responsible for structuring, originating and managing financing solutions for the bank’s Large Corporate customers. Prior to joining Rabobank, he worked for four years for KPMG Transaction Services, where he was involved in due diligence, mostly as part of acquisition and sales processes for a wide range of companies. Ronald holds a Master’s degree in International Finance from Maastricht University and a Management Accounting certification from the IMA.

Roelant Mantel
Associate Director

Roelant has been part of the RPE team since December 2015. Prior to that, he worked at Rabobank Capital Structuring for one year, where he advised large exchange-listed companies on capital structures, in addition to a seven-year stint in Rabobank’s mid-market Corporate Clients division. In this role, he specialised in management financing, leveraged buyouts and strategic acquisitions. Roelant started his career at Rabobank as a management trainee and holds degrees in Business Economics from VU University Amsterdam and Law from the University of Amsterdam.

Pieter van der Meché
Director

Pieter joined the RPE team in January 2013. He began his career at Rabobank in 2009 in the bank’s M&A division, where he focused mainly on media, retail banking and private-equity transactions. Before joining Rabobank, Pieter completed a traineeship at ING and worked for ING Corporate Finance. He began his career at Triple Value (currently trading as Steward Redqueen) Strategy Consultants in CRS management. Pieter earned a degree in Business Administration from Erasmus University Rotterdam.

Our Portfolio

Contact us

Address

Croeselaan 28
3521 CB Utrecht