NeSBIC Groep, the Netherlands-based private equity firm, has backed management in the buyout of Roompot Recreatie Beheer, Holland’s third largest provider of holiday accomodation. NeSBIC declined to reveal the size of the transaction, although the firm says it aims to make equity investments in the Benelux region of between E12m and E50m per transaction.
Roompot operates 15 holiday parks and camping sites and provides tour operating activities to more than 10 parks owned by third parties. NeSBIC said that it intends to expand Roompot based on acquisitions of existing parks and on new parks that are currently being developed.
The NeSBIC Buy Out Fund is managed by Zoran van Gessel and Jeroen Pit based in Utrecht and Tony van Wesel based in Brussels. The fund closed on E170m in November 2000, ahead of the original E150m target. Earlier this year, the firm backed the buyout of Dutch chemicals business Chemsumma Holding. In October 2002, the firm acquired extraction company Carrières du Hainaut.
The firm invests in a broad range of companies across Belgium, Luxembourg and the Netherlands, including consumer-related businesses, industrial services, manufacturing, transport and logistics, publishing and finance. According to Pit, “the Benelux market was very promising in 2002, not so much in terms of quantity but quality. 2003 has been very quiet, but we still plan to do at least two deals this year.”
Due diligence for NeSBIC was carried out by Aon.