CFI advised Insulcon on its sale to Ipcom, a portfolio company of Waterland Private Equity Investments
Amsterdam – CFI acted as the exclusive corporate finance advisor to the family shareholders of Insulcon on the sale to Ipcom, a portfolio company of Waterland Private Equity Investments (‘Waterland’).
Insulcon is the Dutch market leader in high temperature insulation solutions (>1600°C) and is a leading distributor and manufacturer of high temperature solutions for the thermal process industry. The company is headquartered in the Netherlands and operates a network of sales offices and production facilities in the Netherlands, Belgium, Germany and several agents throughout the world. The company supplies and develops high temperature and wear resistant products, such as hard refractories, bricks, fiber products, industrial textiles, composite materials, expansion joints and low thermal mass systems. Insulcon was founded in 1980 and has grown, based on a strong people and innovation driven culture to its actual size.
Ipcom, Insulation Products Company, is a Belgian group of European companies specialized in the distribution and manufacturing of thermal insulation, passive fire protection, acoustic insulation and high temperature products for the construction business and the process industry. Founded in 2010 by Waterland Private Equity Investments (Waterland) Ipcom has rapidly grown into a market leader in Belgium, the Netherlands, Germany, Sweden, Norway, Austria, Hungary and Rumania and is aiming to further expand its activities in Europe. Ipcom started of in 2010 with the acquisition of two major Belgian players in the distribution of building and technical insulation materials Waeyaert-Vermeersch, founded in 1967 and Isowill, which was founded in 1972. Based on a strategy of growth and value creation, it is Ipcom’s aim to gain and sustain a leading position within the European market.
The acquisition of Insulcon fits in the strategy of Ipcom to become a leading European supplier of insulation products and solutions for the process industry and the construction business. Being part of the Ipcom Group Insulcon will be able to continue its successful growth story of the last decades and deploy its full innovation potential within a rapidly changing and dynamic market environment. Insulcon’s CEO, Mr. P. Noppen, supported by his skilled and experienced management team, will continue to manage the company.
CFI facilitated discussions and negotiations in a process that ultimately resulted in a successful transaction with Icom Group, a portfolio company of Waterland Private Equity Investments, which closed in June 2015.
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Family shareholders have sold Insulcon, a supplier of high temperature insulation products for the thermal process industry, to industrial peer Ipcom, a portfolio company of Waterland
This transaction was advised by:
Martijn Liem
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