CFI advises TOI TOI & DIXI on the acquisition of Liekens


  • CFI as lead advisor in market exploration and subsequent deal support

  • Obtained market leading position of mobile sanitary units in Belgium

  • Successfully enabling acceleration through acquisitive growth

  • Resulting strengthened positioning with additional economies of scale

About TOI TOI & DIXI    
TOI TOI & DIXI is the global market leader in the field of providing and servicing mobile connection-free sanitary units and is represented by its 47 operating companies in 27 countries. TOI TOI & DIXI provides comprehensive solutions with a large product portfolio, from simple toilet cubicles to luxury sanitary or room containers with individual equipment. In 2020, a group turnover of 428 million euros was achieved. The company aims to continuously grow its turnover and profitability, both organically and via acquisitions.

About Liekens        
Liekens, founded in 1930, is the Belgium market leading provider of temporary and portable solutions for toilets, showers and sanitary containers. Liekens has seven service points to deploy approximately 10,000 toilet cabins across Belgium. It serves a wide range of customers, including rental, construction and transportation companies.

About the acquisition      
TOI TOI & DIXI aims to expand its presence in Belgium by strengthening its network and providing the best and most reliable service experience. Together with Liekens’ outstanding brand and footprint, TOI TOI & DIXI is considered the largest mobile sanitary player with 13 strategically located service and storage points in Belgium for a nationwide coverage. The acquisition of Liekens was completed on the 1st of February 2022. In Liekens, TOI TOI & DIXI has found the perfect partner to obtain the leading position in the Belgian market. Liekens N.V. will continue as a separate brand within the TOI TOI & DIXI Group.

CFI’s role in the process   
Following strategic discussions with TOI TOI & DIXI on their M&A objectives, CFI started canvassing the Belgian landscape and assessed the identified targets in order to pursue buy-and-build efforts in this region. Subsequently, CFI initiated contact, discussions and negotiations on an acquisition of Liekens. After agreement on terms, CFI coordinated the due diligence to successfully complete the transaction. In this exclusive process the day-to-day management team of TOI TOI & DIXI was supported by CFI in order to streamline the process and to minimise disruptions.

COO of TOI TOI & DIXI, Mr Frank Feuerstacke said: ‘This acquisition further enhances the position of TOI TOI & DIXI in Belgium and enables us to serve our customers even better. The support and guidance of the CFI Benelux team, together with their experience in the Business Services sector, has proven to be very helpful. In addition, they dealt with all the challenges in a very professional and pragmatic way. Now it is up to us to set up the operations to our best abilities and make this deal worthwhile.’

If you would like to know more about how we work, or our experience in the Business Services sector, then please do not hesitate to contact us.

Scroll to Top