DUTCH ‘IV-GROEP’ SET TO GROW
The engineering and consultancy group known as Iv-Groep has received a capital injection through a minority holding by the HB Capital investment company, owned by the Blokker family. This growth investment was enabled by IMPROVED Corporate Finance.
With headquarters in Papendrecht, the Iv-Groep employs some 1,000 professionals in the Netherlands, the US and Malaysia. Its services cover buildings and installations, industry, infrastructure & harbours, maritime, oil & gas and water.
With turnover at €125 million in 2015, the company’s ambitions have been turning for some time to a multi-year growth strategy and it called in IMPROVED Corporate Finance for advice on implementation. “We are very well-positioned in existing markets and believe we can well grow further”, said a communiqué.
An early pillar in this strategy has been the sale of a minority stake to HB Capital which had previously invested in Bol.com, Van Oord and, in 2014, in technical services provider Koning & Hartman.
The General Director of Iv-Groep, Rob van de Waal, reported his delight at working with “a strong partner such as HB Capital”. Financial details of the transaction remain undisclosed.