Acquisition of CID Lines Group
Brussels – Gilde Buy Out Partners, Pierre Brutsaert and Koen Brutsaert today announced their agreement on the acquisition of the Cid Lines Group by funds managed by Gilde. Terms of the transaction were not disclosed. Alongside Gilde, Koen Brutsaert and Helena Brutsaert are investing in the transaction.
CID Lines is a manufacturer of innovative hygiene solutions for the agricultural sector, the food processing industries and the automotive sector. CID Lines operates its own laboratories and has sales offices in France, Spain and Poland and is exporting to more than 80 countries.
Commenting on the transaction, Robert Thole, partner at Gilde Buy Out Partners, said: "We are excited to be backing Mr. Koen Brutsaert and Ms. Helena Brutsaert and the strong management team in a growing industry and believe that the company is an attractive platform for growth both organically and through acquisitions."
Koen Brutsaert: "We are very pleased that we can accelerate the implementation of our strategy in partnership with Gilde Buy Out Partners and are confident that we will further pursue new markets and continue our growth to become a global player."
About Gilde Buy Out Partners
Gilde Buy Out Partners is one of Europe's foremost mid-market private equity investors, with managed funds in excess of €2.0 billion. Gilde operates in the Benelux and its neighboring economies France, Germany, Switzerland and Austria. With offices in The Netherlands, Belgium, France, Switzerland and Germany and its multinational team, Gilde is truly entrenched in these markets and can offer local expertise coupled with European reach and execution skills.
Since its inception in 1982, Gilde has invested in over 250 companies across a diverse range of sectors.
Contact for CID Lines:
+32 57 22 17 24