We are delighted to announce that KPMG Deals ('KPMG') acted as the exclusive financial advisor to the shareholders of Plus 100 Holding B.V. on the sale of the BuitenHof Tuinmeubelen and LIFE Outdoor Living activities (jointly referred to as 'Plus 100' or the 'Company') to Value Enhancement Partners ('VE Partners').
About the deal
The shareholders of Plus 100, a reputable international developer and seller of outdoor furniture, reached an agreement on partnering with VE Partners, a Dutch mid-market private equity investor with extensive experience in (international) buy-and-build cases.
Headquartered in Roosendaal and founded in 1986, family-owned Plus 100 is a leading developer and seller of unique outdoor furniture, positioned in the upper part of the middle segment. Plus 100 serves both B2C and B2B markets through the labels BuitenHof and LIFE Outdoor Living. The combination of unique in-house designed outdoor furniture with great value for money and premium customer service is a key selling point vis-à-vis its competitors. Plus 100 operates an expanding network of own experience focused showrooms in the Netherlands and Belgium. LIFE Outdoor Living, on the other hand, is a globally recognized wholesaler offering its products via over 200 selected dealers and distributors.
In VE Partners, Plus 100 has found a partner with a proven track record in successfully supporting companies during a next phase of growth. VE Partners' down-to-earth approach as well as their demonstrated (growth) expertise were decisive factors in the selection of a partner. Jointly with VE Partners, Plus 100 will focus on the acceleration of its (international) expansion plan, optimization of its supply chain and further roll-out of its digital and ecommerce strategy.
Role of KPMG
An integrated KPMG Deals team has provided exclusive and full-scope M&A advisory services to Plus 100, including financial & tax vendor due diligence support and tax structuring support. KPMG has been involved throughout the entire process, advising the shareholders on the successful signing of the transaction with VE Partners.
The client commented:
"We have enjoyed working with the experienced and enthusiastic team of KPMG Deals. KPMG's tailored approach for our partner search allowed us to get comfortable with partnering with a financial sponsor, which was of the utmost importance to us. This, in combination with market/industry knowledge, dedication and proven deal tactics makes that we are glad we teamed up with KPMG. We are confident that VE Partners is the ideal partner for us and are looking forward to pursuing Plus 100's (international) growth potential together."
Leading M&A Advisor
KPMG Deals consistently ranks as the number one M&A advisor 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. In 2019, KPMG Deals completed almost 600 deals reinforcing its number one global position.