Egeria invests in Nooteboom Textiles, acquires majority interest in company
today Jan 18, 2018
Private equity company Egeria has invested an undisclosed amount in Tilburg-based wholesale company, Nooteboom Textiles. With the investment Egeria acquired a majority interest in the family-run textile wholesaler. The Nooteboom family will remain a significant shareholder in the company.
Nooteboom Textiles is a specialized wholesaler of women's and children's clothing fabrics and is the market leader in Europe. With the investment from Egeria Nooteboom Textiles is targeting further international growth.
Sander Nooteboom, head of Nooteboom Textiles, said in a press release: “We have grown rapidly in recent years, both within the Netherlands and internationally. Thanks to Egeria's participation, we can accelerate our ambitious growth strategy and have the opportunity to expand into new countries and markets. Egeria is an ideal partner for us because they not only invest, but they also provide knowledge, experience, and a strong international network.”
Hans Oerlemans, partner at Egeria, said: “Nooteboom has grown rapidly in recent years, primarily driven by a strong focus on customer relationships and a very broad product portfolio. We will support the company in further international expansion, the rollout of a digital strategy, and the expansion to other segments, such as textiles for home decoration. I am looking forward to working with Sander Nooteboom and his team to maximize the potential of Nooteboom Textiles.”
Nooteboom Textiles started as a menswear shop in Tilburg in 1852, founded by Urias Nooteboom. Today, the company specializes in clothing fabrics for women and children. Nooteboom textiles is active in more than fifty countries and employs about 85 people.
Egeria is a Dutch investment company founded in 1997, which focuses on medium-sized Dutch companies and companies with a Dutch connection. Egeria currently has investments in eleven companies, including IQI, Dutch Bakery and Clondalkin. Egeria's portfolio companies have a total turnover of €2.3 billion and employ almost 10,000 people.
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