Jan ten Cate

NPM's private equity fund investment strategy targets mid-size firms located in The Netherlands. They are long-term investors and act as a shareholder for a fixed term. The fund seeks firms in diverse sectors with an enterprise value ranging from EUR 10 million to EUR 60 million. The fund has invested in retail jewelers, climbing equipment (ladders, scaffolding, cradles and stairs), silo-related activity (storage, shipment and handling of dry bulk goods), commercial packaging, and sheet tooling, machining and injection molding machines and services. NPM typically contributes between EUR 2 million and EUR 9 million of their own funds. Larger investments are undertaken with the fund's investors or other co-investors. The fund investment managers take both majority and minority stakes. Among the investment criteria they evaluate are firms with a proven track record which have a significant market position, and with management teams that have a well-defined vision for the firms' future. NPM is not involved in operational activities, rather they act as a sparring partner for the management for strategic, financial, organizational and management issues. The investment horizon spans four to six years.

FBI is an active, long-term manager which aims to invest in medium-sized businesses in all sectors except biotechnology, hotel & restaurant and real estate. The firm focuses on companies with an operating profit of 0.5-10 million euros, typically investing 3-8 million euros. For larger amounts or in specific situations, they work together with other investors. FBI seeks to invest in companies with a sound business plan and established market position, taking minority or majority positions and partnering with the investee management team to develop and implement strategic decisions. The firm generally holds an investment for three to eight years, exiting at the time agreed with the investee company stakeholders during their shareholding.