Livingstone has advised Dalsem on the sale to COFRA Holding

Livingstone is pleased to announce the firm’s Benelux team has acted as M&A advisor on the sale of Dalsem to COFRA Holding of terms were not disclosed.

COFRA Holding, the investment vehicle of the Brenninkmeijer family, will acquire 100% of the shareholdings in Dalsem, a leading developer of high-tech greenhouses worldwide. Managing Director Jan Pieter Dalsem will remain in his position in order to work closely with COFRA to further strengthen the business in the coming years.

Dalsem, a third-generation family business founded in 1932, has developed itself into a global leader in the horticultural sector. The company is uniquely positioned as the most complete greenhouse solution provider, with an extensive in-house service offering including among others strong engineering, manufacturing, and project management capabilities.

The acquisition of Dalsem is part of COFRA’s diversification strategy, focused on tackling the biggest social and environmental challenges facing the world through among others investments in sustainable food systems. Together with COFRA, Dalsem will continue its growth in attractive regions such as the US and Europe.

COFRA Holding consists of independently operating businesses in various business sectors, including retail (C&A), real estate (Redevco), renewable energy (Sunrock), private equity (Bregal), and asset management (Anthos Fund & Asset Management). COFRA is headquartered in Zug, Switzerland and has operations in Europe, the Americas, and Asia.

The transaction was signed in January 2022.

“We greatly look forward to adding Dalsem to the COFRA portfolio and to helping the business grow further in the US, Europe and further afield”, said Boudewijn Beerkens, CEO of COFRA.

“I look forward to working together to bring sustainable food production systems to new areas, helping to improve food security, quality and reliability globally”, said Jan Pieter Dalsem, Managing Director of Dalsem.