Proof of performance: Itho Group
Leading private equity investor and majority shareholder AlpInvest Partners gave notice that it wished to relinquish its shareholding in Itho in 2007. Rabo Private Equity acquired a 55% participating interest in this company that designs, manufactures and markets climate systems that both increase comfort and conserve energy.
In partnership with Rabobank, Itho is now pursuing a range of green initiatives, including making houses energy neutral. Itho’s systems currently feature an Energy Performance Coefficient (EPC) of 0.4. And with the support of wind and solar energy and Rabobank, Itho is convinced that it will be able to reduce the EPC of new homes to zero.
Deal characteristics
- Secondary management buy-out in which Rabo Private Equity and the management acquired 55% and 45% of the shares respectively.
Deal in a nutshell
Itho sought a strong partner that wanted to acquire a participating interest in the company and that was prepared to help finance future growth.
Rabo Private Equity acquired a 55% participating interest in Itho and the management acquired the remaining shares.
Itho Group B.V, Rabo Private Equity.
10 august 2007
Schiedam.
Case in full
Contact Information
Rabo Private Equity
PO Box 94288
1090 GG Amsterdam
Nederland
T. +31 (0)88 72 00 100
F. +31 (0)88 72 00 117