investment funds party NPM Capital has acquired a nonage part in KUBO , developer of high - tech greenhouses for gardening . " A class and a half ago we realized that we could use some help to further develop our leadership in land - of - the - artistry greenhouse concepts . We carefully looked for a partner that really suits us . In NPM Capital we chance it , " says Wouter Kuiper , CEO with KUBO . Both parties gibe not to disclose the fiscal terms of the dealing that still is subject to accustomed regulatory approvals .
Private Equity firm NPM Capital is a subsidiary of Dutch family commercial enterprise SHV , a in private own Dutch trading company , regarded as one of the world ’s largest private trading groups . NPM is a known player in the horticultural industry asthey in 2019 supplied increment capital to Agro Care as well , the biggest greenhouse tomato plant agriculturalist of the Netherlands .
KUBO has been alive in the greenhouse industry for over 75 long time . The company swear out growers of fruits , vegetables , plants and flower with high - technical school greenhouses , including software support and service including breeding , data depth psychology , management and operational support . The company , with approximately 150 employees , has branches in Monster ( the Netherlands ) and Shanghai ( China ) . Recently they announcedtheir expansion into Canadaand the gap of their first Canadian office . The company has a turnover of roughly € 200 million and projects realized in 45 countries , including Canada , United States , Russia , China , Japan , South Korea , Australia and Oman .
" In terms of turnover , we will remain at the top and we will be able-bodied to introduce ourselves further on a planetary scale . With our current branches in Canada and China , we are building a political program under the name KUBO . That platform will also be further expanded , " says Wouter Kuiper , KUBO ’s CEO and the third generation in the family occupation .
He add together that it ’s crucial for the company to sell a nonage stake . " After all , we are a family business with also a social function . We are very well-chosen with this and look forward to the future tense positively . "
For the client , everything will remain the same . " I see no reasonableness why that should change . It remain concern as usual . "
International expansionWouter read the further international elaboration of his nursery ship’s company offers enormous opportunities . " We can see that the scurf at which our clients run is getting magnanimous and expectant , and the greenhouses are not only pay off large , but also more and more technologically complex . In accession , a get number of investors that are entering the market lack horticultural expertise themselves and calculate for good turn - Francis Scott Key solutions . With NPM Capital , we ’ll have an investor on plug-in with a long - term investing view , a very vindicated visual modality on our sphere , and with the means and bed - how to avail shape our international expansion . Together , we can further professionalize our organisation , open new branches and attract the best talent . NPM can also supply keep for succeeding acquisitions . We are quick to take this bound together . In the end , it is our ambition to tone our leading spatial relation in the orbicular market place , " Wouter say .
Rapidly maturate demandThe decision to join military unit with a retentive - term investor also makes sense , given that the international market for greenhouse finish will continue to grow rapidly the coming decades , Wouter said . " That ontogenesis will likely be around 10 % per class . On every continent , there is a speedily growing demand for eminent - character and topically grow products that are grown safely and expeditiously under ideal climatological conditions , using limited get-up-and-go , piddle and pesticide . We can do all those things at once in our high - tech greenhouses . "
Rutger Ruigrok , Managing Director of NPM Capital , is very unrestrained about NPM ’s opportunity to invest in KUBO . " We are already deeply involved in the food and agricultural supply chain , and as part of our investing nidus ' Feeding the World ' , we have also been following developments in the nursery diligence for years . KUBO is without a dubiousness one of the leading players in terms of engineering and excogitation . Given the company ’s strong position as a note value chain orchestrator and its mysterious ties with the Dutch horticulture ecosystem , KUBO is the ideal platform for the further development of high - tech greenhouse . We are also impressed by the entrepreneurial spirit and qualities of Wouter and his squad . By now , we have also learned that there is a good ethnic fit between KUBO and NPM . For that reason , we are looking forward to a longsighted - terminus collaboration to support the gem of the Dutch cognition - intensive manufacturing manufacture in realising their aspiration . "
AdvisorsNPM was advized by PWC ( M&A , financial , tax ) , Nauta Dutilh ( sound ) , Strategy & ( commercial ) , MJ Hudson ( ESG ) and Hillenraad Partners ( industry adviser ) . KUBO was advized by Yeald ( M&A and strategic advisor ) and JB Law ( sound ) .
For more information : KUBO Group+31 ( 0)174 286 161[email protected]www.kubogroup.nl
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