H2 Equity Partners (“H2”) is pleased to announce that on March 14, 2014, it entered into an agreement with Dutch private equity firm Egeria (“Egeria”) for the intended sale of JET Group Holding B.V (“JET”).
JET is a premium provider of high quality rooflight & ventilation and fire safety solutions across a scalable pan-European model. JET designs, installs and maintains modular solutions designed for flat roofs, providing natural light source, natural air ventilation, and smoke and heat exhaust ventilation. The company’s product set addresses the industrial, commercial / public and residential end-markets, and is well-aligned with key themes in the construction industry, such as energy and sustainability, comfort and safety, and smart building technologies.
Under the ownership of H2, JET has created a strategically optimized operational platform, with manufacturing capabilities in Germany and The Netherlands, and a direct sales footprint spanning Denmark, Poland, Switzerland and the UK. JET addresses its home markets through both builders merchants and contractors, while an extensive network of value-added resellers supports the company’s successful expert strategy across Europe. JET supports its large installed base in Germany with a team of service and maintenance professionals. This enables JET to deliver a comprehensive solution for the customer, while delivering superior performance for the company. Through its integrated business model and comprehensive product and service offering, JET is uniquely positioned across the entire value chain, enchancing its reputation as a “full service provider”.
From this excellent starting position, Egeria plans to further develop JET’s operations across Europe and accelerate its growth through add-on acquisitons.
William Blair & Company acted as corporate finance advisor, Houthoff Buruma as legal advisor, Deloitte as financial advisor and KPMG Meijburg as tax advisor to JET and H2 in this transaction.
Awaiting regulatory approvals, the transaction is expected to be completed in Q2 2014.
