Proof of performance: Prins
Following several previous acquisitions, Prins Autogassystemen B.V. in Eindhoven was acquired by NPM Capital (80%) and the management (20%) in July 2007. Rabobank provided the financing and continues to supply the company with a wide range of other services.
Prins Autogassystemen B.V. in Eindhoven was able to develop into a medium-sized company by focusing on innovative automobile fuel systems. The company was acquired by NPM Capital and the management in July 2007. Rabobank financed the acquisition.
Deal characteristics
- Acquisition financing totalling € 31.5 million
- Credit facility totalling € 5 million
- Interest swap
Deal in a nutshell
Prins was looking for a financier to realise a management buy-out.
Acquisition of the Prins shares by NPM Capital (80%) and the management (20%). Rabobank financed this acquisition for a total of € 31.5 million.
Rabobank Corporate Clients Regional team Southeast Netherlands (treasury, financial logistics, corporate insurance, corporate finance) and Rabobank Eindhoven-Veldhoven.
17 July 2007
Eindhoven