Stek advises Deutsche Bank Nederland in acquisition finance Breur Ceintuurbaan and Van der Winkel by Gerritse IJzerwaren group
Gerritse IJzerwaren, Breur Ceintuurbaan and Van Winkel will join forces and will form a leading group of B2B distributors in ironmongery and building hardware products in The Netherlands. The three companies will be placed under one holding company, which in addition to current shareholders H2 Equity Partners and Kees Gerritse, will also include Hans Breur, majority shareholder of Breur Ceintuurbaan, and André Huizinga, managing director of Van der Winkel, as shareholders. H2 Equity Partners will remain controlling shareholder of the group. With Breur Ceintuurbaan and Van der Winkel the new group will have a turnover of around 100 million euros with 35 branches. Please click here for the press release on the transaction.