CFI advised NOVEK on the sale of its Technical Solutions division to Van Halteren

Amsterdam – CFI acted as the exclusive corporate finance advisor to the shareholders, including PPM Oost, and financers of NOVEK Group on the sale of NOVEK Technical Solutions, to Van Halteren Groep.

NOVEK Technical Solutions B.V. (‘NTS’), located in Zwolle, the Netherlands, is a technical services provider in the field of engines, transmissions, cooling systems and special structures. With its high tech and innovative products NTS is active in the defense market (especially Navy and Army) and in the offshore and other markets (Rail).

The Van Halteren Groep, with its headquarters in Bunschoten, the Netherlands, is a family-owned business with activities in a number of industries organized around three business lines: Defense, High Voltage Switchgear and Industrial Services. The company employs 300 and operates several production facilities in Europe and Asia.

CFI worked closely with all stakeholders of NOVEK Technical Soluitions to run a highly effective transaction process. CFI facilitated the M&A process and was in the lead with discussions and negotiations between the shareholders of NOVEK Technical Solutions B.V. and Van Halteren Groep, which ultimately resulted in a successful transaction which closed in December 2014.

Related

• https://www.verbrandingsmotor.nl/acquisition-of-novek-technical-solutions-b-v-by-the-van-halteren-groep/1591