IMAP is pleased to announce that Plain Vanilla agreed to acquire a majority stake in Begra Group, a full-range provider of warehouse storage racks and related products.
Begra Group annually equips over 15,000 warehouses of various sizes with new and used warehouse racking and related materials. Its clients include supermarket chains, manufacturing companies and logistics service providers. Despite the COVID19 crisis, the company expects to achieve substantial growth in revenue and profitability this year.
With support from the new majority shareholder, Begra Group plans to open its own branch in Germany in the near future. The activities of its subsidiary Logirent, a lessor of pallet racking, will also be expanded considerably.
Plain Vanilla is a hands-on Amsterdam-based investment firm that focuses on acquiring controlling interests in Dutch SMEs with a revenue between €15-100 million.
The team from IMAP Netherlands, led by Remco Schouten, Remco van Gulijk and Kevin Weij, advised the shareholder of Begra Group throughout the sale process.