THI Investments (“THI”), a long-term pan European investor, today announces that it has acquired Belgium-based RE Panels S.A. (“RE Panels”) from the Riverside Company. The current management team are investing alongside THI in this acquisition and THI is pleased to support management in achieving the next phase of growth. This transaction provides an attractive opportunity to leverage the complementary expertise of THI and its operational experience.
RE Panels, known in the market by the brands EPCO and TECSEDO, is the European market leader for the production of sandwich panels for sectional overhead doors. Sectional overhead doors are used in logistics centres, industrial buildings and residential homes across the continent.

Headquartered in Tournai, Belgium, RE Panels has state-of-the-art, fully automated industry 4.0 manufacturing facilities in Belgium, Poland and Switzerland. The business has achieved strong growth in recent years due to its wide product offering, high quality products, customer service orientation and long-term customer relationships. The business benefits from the growth in the European logistics centre market serving the e-commerce sector. EPCO and TECSEDO sandwich panels also provide full thermal insulation and are fully aligned towards environmental and resource efficiency. This makes RE Panels a leading example of a company enabling the renovation and new build of energy efficient and sustainable commercial and residential properties.

Luc de Deygere, Group CEO, RE Panels said:
“We are absolutely delighted to welcome our new shareholder and look forward to our partnership continuing to develop the market leading sandwich panel producer for sectional overhead doors in Europe. THI’s strong operational team and experience in helping businesses internationalise make it an excellent fit for the next stage of our growth plans.”

Edmund Buckley, Managing Director Private Equity, THI commented:
“RE Panels is a fabulous business with a high quality management team. We are pleased to be able to invest in this market-leading business and partner with management. We admire RE Panels’ best in market product and differentiated business model and believe that there is further opportunity to grow and enhance the business through organic initiatives and add-on acquisitions.”

Ludger Laufenberg, Managing Director Strategy and Business Development, THI commented:
“This transaction marks a great partnership between RE Panels’ outstanding leadership team and THI, with our operationally focused investment strategy. We look forward to adding our complementary operational expertise to achieve a shared vision - taking today’s very successful EPCO and TECSEDO business to the next level as the pan-European industry 4.0 leader in the market for sandwich panels for sectional overhead doors.”

THI Investments is a single-family office based in Stuttgart and London with total AUM of €1.8bn. It is a direct private equity investor with permanent capital and a long term operationally focused investment approach. THI invests equity amounts from €30-100million in businesses in its core sectors of Industrials, Business Services, Education and Healthcare in Western Europe. THI seeks to invest into market leading businesses by backing strong management teams. The firm’s Strategy and Business Development group brings significant operational and industrial expertise to assist management teams in driving value creation in portfolio companies.

THI was advised by Nielen Schuman, Clifford Chance (Brussels and Amsterdam), Weil Gotshal and Manges (London), Oliver Wyman, EY, ERM and Willis on the transaction.

Recent news

31 May 2024

Freshstream acquires Worldstream, a leading dedicated hosting and IaaS provider

Freshstream acquires Worldstream, a leading dedicated hosting and IaaS provider. Click here for the full press release

17 November 2023

Backed by TJC, US-based AIT Worldwide Logistics acquires Lubbers Logistics Group

US-based AIT Worldwide Logistics (backed by TJC) has entered into a binding purchase agreement to acquire Lubbers Logistics Group, a European logistics company specialising in high-value, complex, and time-sensitive transport services. The purchase will serve as a significant milestone for AIT as the company continues to expand its global reach and enhance its offerings in road transportation, freight forwarding, and project cargo logistics, particularly in the energy sector. Joining forces with AIT Worldwide Logistics is a strategic move that will allow Lubbers to continue providing...

17 April 2023

Nielen Schuman promotes Joost Moelker to Partner

We are excited to announce the promotion to Partner of Joost Moelker. Joost has been invited to join the Nielen Schuman partnership on the back of the great contribution he has made to our business and the strong commitment he shows to our colleagues, our clients and to the development of our firm. The promotion of Joost confirms Nielen Schuman’s ambition to further build our business and fortify our strong market position in the Benelux. Click here for the full press release

13 March 2023

ETC, a leading global provider to the telecom network and technology infrastructure industry, acquires Amadys

ETC announced it has acquired Amadys, a leading provider of end-to-end connectivity solutions in the Benelux, UK and DACH regions. The combination of ETC and Amadys is highly complementary and is expected to provide opportunities for both organisations to leverage enhanced product offerings and capabilities, as well as to realise synergies across the combined business. Nielen Schuman is delighted to have been involved once again in Amadys’ impressive journey, having also advised Vectis and management in 2019 on the sale of a majority stake to Equistone.Nielen Schuman acted as the exclusive...

08 September 2022

Stora Enso acquires De Jong Packaging Group, a leading North West-European corrugated packaging platform

Stora Enso, a listed Finland-based leading provider of renewable products in packaging biomaterials, wooden construction and paper, today announced it has reached an agreement to acquire De Jong Packaging Group, a leading North West-European corrugated packaging company for an enterprise value of EUR 1,020 million. The acquisition marks a big step towards growing Stora Enso’s activities in renewable and circular packaging solutions in North West Europe. Henk de Jong, former owner of De Jong Packaging Group, will retain an active role in the company. Nielen Schuman acted as exclusive M&A...

14 March 2022

Unifiedpost Group successfully attracts additional financing to support future growth

Unifiedpost Group, a fast-growing cloud-based platform which automates administrative and financial services along the financial value chain has raised EUR 100 million in growth funding from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. The funds will be directed towards further R&D investments in the business communication and payment network. Nielen Schuman has acted as Debt Advisor to Unifiedpost Group. Click here for the full press release.

31 August 2021

Ohpen secures €30 million funding for further expansion

Ohpen, a leading provider of a cloud-based banking platform, has raised €30 million in growth capital from Deutsche Bank. The funds will be directed towards continued expansion efforts into markets such as the UK and deepening Ohpen’s market-leading functionality.This step further solidifies Ohpen’s journey to becoming a world leader and compliments recent moves including the acquisition of lending technology leader Davinci, the appointment of supervisory board members Leni Boeren (KLM Air France supervisory board member) and recent hire of banking veteran Jerry Mulle as Ohpen UK Managing...

17 August 2021

Argos Wityu acquires Schenk Transport, a logistics services provider for the transport of gasses and liquids

Argos Wityu, a pan-European private equity fund has reached an agreement with Harry and Arjan Schenk to acquire a majority stake in the company that carries their name as its current shareholders. The acquisition marks Argos' first investment by Fund VIII and highlights the strong commitment Argos has towards ESG in this Fund. Harry and Arjan have selected Argos Wityu for their experience in shareholder and management transitions in long-standing family businesses, their strong focus on ESG and to support the company in densifying its network organically and via an international buy-and-build...

31 July 2021

NPM Capital and Teslin acquire a majority stake in ICT Group through an all-cash public offer

A consortium consisting of NPM Capital and Teslin has declared its all-cash public offer for all of the issued and outstanding ordinary shares in ICT Group N.V., a leading industrial-technology solutions provider, unconditional. In the context of a consolidating industry, ICT Group aims to accelerate its growth strategy and has concluded this could best be achieved in a private environment. The consortium comprises of experienced and reputable investors with ample sector knowledge, expertise and financial backing who are committed to supporting and accelerating ICT Group’s strategy of driving...

07 July 2021

Ergon Capital Partners and management acquire Summa from Gimv

Ergon Capital Partners and management acquire Summa from Gimv.With its digital finishing solutions, Summa responds to the evolutions in the attractive digital printing industry. The ongoing market shift from analogue to digital printing creates high production flexibility and enables mass customisation of products, driving demand for digital cutting tools. Technological evolutions result in an ever-increasing range of materials that can be printed and cut digitally, such as cardboard, stickers and textiles. The product portfolio expansion - from roll cutters to flatbed and laser cutting...