International equestrian fashion group Hypo Wholesale has successfully completed a buy-out, backed by Belgian PE House Vendis Capital. Livingstone\u2019s Consumer sector team advised the shareholders of Hypo Wholesale on the transaction.<\/p>\n
Headquartered in The Hague, The Netherlands, Hypo Wholesale is a leading wholesaler of branded equestrian fashion products and accessories, as well as equestrian gear and horsecare products under internationally respected brands including \u2018HV POLO\u2019 and \u2018euro-star\u2019. The company distributes its products via specialized equestrian retailers, internet and mail order companies, mainly across Europe.<\/p>\n
Hypo Wholesale acquired the activities of Nederinum\/Imperial Riding, one of the oldest Dutch equestrian wholesalers specializing in hardware in 2012. The group also made some first steps to diversify its offering with other fashion-led products, to bring a fresh equestrian look into fashion retailing channels.<\/p>\n
Vendis Capital is a Belgian private equity fund with an exclusive focus on the Consumer sector in Europe. Headquartered in Belgium, Vendis is active in the Dutch and French markets.<\/p>\n
\u201cThis is a new step in the development of Hypo Wholesale, for which I laid the foundations 28 years ago,\u201d<\/strong>\u00a0said Steef Duijndam, Founder and Managing Director of Hypo Wholesale.\u00a0\u201cVendis Capital can not only support the growth of our company, but I have already seen the additional Consumer sector expertise they are bringing to the table. Vendis are giving me and my team the flexibility to continue to lead the company\u2019s independent development from a shareholders position.\u201d<\/strong><\/p>\n Jan Willem de Lange, Managing Director of Hypo Wholesale, added:\u00a0\u201cAfter years of impressive growth, it was time to attract an additional partner who would help us to further professionalize our business procedures, help us integrate the group of companies and support the strong growth opportunities we see for Hypo Wholesale. Livingstone helped us not only to identify the right investor but also to present our very entrepreneurial-led company in such a way that a professional investor understands our story.\u201d<\/strong><\/p>\n \u201cDue to its profound understanding of wholesale as well as retail businesses Vendis Capital has proven to be the right partner for Hypo Wholesale and its shareholders throughout the process,\u201d<\/strong>\u00a0said Christian Grandin, Partner at Livingstone D\u00fcsseldorf.<\/p>\n \u201cWe are very happy with our investment in Hypo Wholesale,\u201d<\/strong>\u00a0commented Michiel Deturck, Partner and Co-Founder of Vendis Capital.\u00a0\u201cIt is one of the most dynamic players in quite a specific market. The team has a lot of industry experience and has succeeded to develop authentic own brands like \u2018HV POLO\u2019 as well as to re-new established more traditional brands like \u2018euro-star\u2019, \u2018Imperial Riding\u2019 or \u2018Power & Paint\u2019. This is illustrated by the company\u2019s impressive recent growth. We look forward to work together with the team and to support the continued development of the group.\u201d<\/strong><\/p>\n The Hypo Wholesale transaction was the ninth successful transaction advised by Livingstone\u2019s Consumer sector team within the last 12 months. Joining transactions like City Screen \u2013 Cineworld,\u00a0Marwyn Gaming \u2013 Merkur Casino<\/a>\u00a0or\u00a0Gold\u2019s Gym Spain \u2013 Paidesport Center<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2985,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-17241","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1921,1930],"date":"20130228","client_type":58,"type":[1063],"region":[1223,404,1224],"services":[469,468],"sectors":[899,903,898,906],"related_transactions":"","related_testimonials":[49136],"contacts":""},"yoast_head":"\n