Kees Smit Tuinmeubelen has been acquired by Craft Capital
Kees Smit Tuinmeubelen, a leading family-owned omnichannel retailer of garden furniture and related accessories, has agreed to sell a majority stake to Craft Capital, a Netherlands-based investment firm.
Founded in 1942, Kees Smit Tuinmeubelen is a family-owned omnichannel retailer of garden furniture and related accessories with a market leading position in Europe. With over 80 years of experience, the company offers a vast selection of garden furniture and accessories in the medium- to high-end segment, featuring a range of its own brands as well as third-party brands. Kees Smit Tuinmeubelen currently operates three XXL Experience Stores, each with approximartely 8,000 m2 retail space, located in Almelo, Amersfoort and Venlo, Netherlands, along with a complementary webshop.
In recent years, Kees Smit Tuinmeubelen has experienced strong growth, solidifying its market-leading position in the European garden furniture segment. Additionally, the company has identified many opportunities to grow further in both existing and new markets, as well as in further optimizing its product assortment and customer experience for the coming years. As a result, the shareholders decided to sell a majority stake to a partner that can support the company in its next phase of growth. By partnering with Craft Capital, Kees Smit Tuinmeubelen will be able to continue and accelerate its growth trajectory.
Craft Capital, founded in 2021, is the Netherlands-based investment firm of the Roerink family that invests in family businesses in the Netherlands alongside management teams. Craft Capital is actively involved in its investments, adding value in areas such as professionalization, governance and branding.
Oaklins’ team in the Netherlands acted as the exclusive M&A sell-side advisor to the shareholders of Kees Smit Tuinmeubelen. This transaction emphasizes our strong track record and expertise in the consumer and retail sector.
Henk Smit
Shareholder, Kees Smit Tuinmeubelen
Prata med transaktionsteamet
Relaterade transaktioner
Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland
Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.
Lär dig merMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Lär dig merDuke Capital Limited has completed a fundraising
Duke Capital Limited has completed a successful fundraise, securing US$29.8 million (£23.5 million) through a placing and retail offer on the Alternative Investment Market (AIM). This milestone will further enable Duke Capital to continue its innovative approach to alternative financing solutions for small and medium enterprises (SMEs) across the UK and Europe.
Lär dig mer