Deal Details

Incendin Is Acquired by Fremman

Industrial

Incendin, a portfolio company of Straco, acquisition by Fremman

Summary

Incendin NV (“Incendin” or the “Company”), a portfolio company of Straco, has signed an agreement to be acquired by Fremman Capital (“Fremman”). The transaction is subject to various regulatory approvals and customary closing conditions. The terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to Incendin’s shareholders on this transaction.

About

Incendin is a European leader in innovative, environmentally responsible fire-fighting agents, flame-retardants and fire-resistant coatings. The Company pioneered the first fluor-free fire-fighting agent in Europe and has built a broader portfolio of flame-retardant technologies supporting a diverse, blue-chip customer base. Headquartered in Belgium, Incendin has a team of 145+ professionals and operates specialised manufacturing, R&D and testing facilities in Belgium, Italy, Germany and the UK, serving customers across Europe, North America and Asia.

Straco is a Benelux based family-owned investment firm with offices in Belgium and the Netherlands active in 3 strategic pillars: Real Estate, Private Equity and Investments. By partnering with its companies for the long-term, Straco enables them to further develop and realize their growth plans across Europe. Straco firmly believes in the benefits of adopting a flexible investment horizon as the optimal way to help its companies grow.

Fremman is a pan-European, mid-market investment firm with offices in London, Luxembourg, Madrid, Munich, Milan and Paris. The firm partners with successful management teams to help transform strong regional businesses into industry-leading multinational platforms. Fremman Capital’s team brings over a century of combined investment experience. Fremman is committed to driving sustainable growth and creating long-term value with a positive impact on businesses, their shareholders and society. Fremman is headquartered in London, United Kingdom.

Industrial

Incendin, a portfolio company of Straco, acquisition by Fremman