King

Overview

King is a leading wholesaler and distributor of non-food consumables and disposables (plastic cups, hygiene paper, etc.) to a wide range of industries including healthcare, public institutions, packaging, catering, retail, horeca, etc. The Company has leading market positions in the Netherlands and Belgium.

Why

Our investment thesis consisted in acquiring the leading wholesaler of non-food disposables in the Benelux through a carve-out from Autobar. On a stand-alone basis and together with management, significant upside was identified in the professionalization of the operations (e.g., sales efforts, procurement, logistics, etc.). In addition, King’s simple and stable business model represented a strong platform to consolidate the fragmented Benelux market.

Date of Investment: February 2006

Date of Exit: August 2007

Sector: Services

Sector: Belgium

Sales: €125 million at exit

Website: kingbelgium.be
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clients in the Benelux
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products distributed
0add-ons
completed in 18 months
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