We are delighted to announce that KPMG Deals ("KPMG") acted as the exclusive financial adviser to Gimv on the sale of CFL Holding ("Company", "CFL" or "Climate for Life") to Parcom Capital ("Parcom"). Management has reinvested alongside Parcom in the Company.
About the deal
On Wednesday December 2nd, the Belgium based private equity firm Gimv announced the sale of CFL Holding, a leading Dutch provider of renewable indoor climate solutions for residential purposes, to Parcom, a Netherlands based private equity firm.
CFL is the leading provider of renewable indoor climate solutions in the Dutch new build and renovation market. In the HVAC market, CFL has a unique proposition. It manufactures products (heat pumps, ventilation and hot water) under the Itho Daalderop brand and combines this with the project management capabilities of Klimaatgarant. In addition, CFL Exploitatie provides residents with a rental and maintenance model for its indoor climate systems. As a result of this unique combination, CFL is able to fully unburden the customer and provide customers with a long-term performance guarantee of the indoor climate system.
In Parcom, CFL has found a valuable partner to realise its further (international) growth ambitions and cement its leading position in the attractive renewable HVAC market. Parcom, management and the employees of CFL share their belief in sustainable housing with the most comfortable indoor climate.
Role of KPMG
This landmark transaction cements KPMG's position as the global #1 advisor to the HVAC sector.
An integrated KPMG Deals team has provided exclusive and full scope M&A advisory services to CFL, including M&A advisory and financial vendor due diligence support. KPMG has been involved throughout the entire process, advising the shareholders on the successful signing of the transaction with Parcom.
Leading M&A adviser
KPMG Deals consistently ranks as the number one M&A adviser globally. KPMG firms operate in 95 countries with over 12,500 Deals professionals who are able to meet the needs of clients across the globe. KPMG Deals completed almost 600 deals in 2019, reinforcing its number one global position.