BWB team joins private equity firm Mentha
8. June 2022
In recent years, BWB Partners have successfully realized most of the portfolio assets of BWB Partners I K/S and BWB Partners II K/S. Reflecting on the increasing demands facing smaller private equity managers and the opportunities seen in a European approach, the team has decided to join Mentha. Mentha is one of the most successful lower mid-market private equity managers in Benelux with headquarters in Amsterdam.
Following several successful exits over the past years, the BWB Partners portfolio has been reduced to five assets all showing strong operational performance. With a limited number of remaining assets in the portfolio, the partner group have considered their next step. Together, the team has chosen to pursue a partnership with a like-minded international private equity firm focused on SMEs and a wish to invest in Denmark/Nordics.
Consequently, we are excited to announce that the entire BWB Partners team will join Mentha, as part of a strategy to deploy capital and deepen Mentha’s presence outside Benelux.
Initially, the team will focus on deal sourcing, while at the same time ensuring successful exits of the remaining BWBP assets. Over the coming period, more and more time will be spent on new investments. However, the team remains both committed and incentivized to realize the best possible returns to the limited partners of BWB Partners I K/S and BWB Partners II K/S.
Jacob Bergenholtz says: “As the BWB portfolio is gradually realized, Lars, Peter and I have considered the next step for our team. With increasing demands from entrepreneurs, investors and regulators, we see a need for smaller PE managers to consolidate to remain relevant. We are very excited to join Mentha who has a stellar reputation as one of the most successful lower mid-market private equity managers in Benelux, generating excellent outcomes for investors, owners and management teams alike. We look forward to working with the Mentha team leveraging their experience and way of working in buy-and-build, international expansion and management transition strategies as well as their expertise in the business services, technology, consumer, healthcare and advanced manufacturing industries.”
In Denmark and the Nordics, Mentha will focus on entrepreneurs and family-owned businesses looking for growth with EBITDA ranging from €2 to €15m.
For further information please contact:
Jacob Bergenholtz, +45 2464 3234