American global leading company acquires all the shares in Novy
About Middleby Coorporation
Middleby is a world leader in commercial and residential kitchen appliances and food processing solutions. Headquartered in Elgin, Illinois, U.S. outside of Chicago, the company has realised consistent growth both organically and through acquisitions. In 2020 Middleby global sales were more than $2.5 billion across their three business platforms. The company has a wide product range including many products for cooking and beverage service. Their premium residential appliances include the brands Aga, Rangemaster, La Cornue, Viking, Lynx, U-Line and Marvel which manufacture gas cookers, ovens, grills, induction hobs, outdoor appliances, refrigeration units and beer taps.
About BNP Paribas Fortis Private Equity
BNP Paribas Fortis Private Equity, the venture capital company of BNP Paribas Fortis, has been active in the private equity market in Belgium since the 1980s and currently has nearly €600 million in assets under management. BNP Paribas Fortis Private Equity takes minority stakes and provides mezzanine financing to high-performing medium-sized companies. In addition, BNP Paribas Fortis Private Equity is an investor in specialised venture capital and private equity funds with a presence on the Belgian market.
Sofindev is a leading independent private equity firm specialising in buyout and growth capital for small and medium-sized companies in the Benelux. Sofindev was founded in 1991 by Sofina and Colruyt, two leading family-controlled listed groups. Since then, the Sofindev team has evolved towards complete independence and has surrounded itself with a wider number of respected family and (international) institutional investors. These investors include entrepreneurs and owners of family businesses in which Sofindev has invested in the past.
The Sofindev funds have invested more than €300 million in capital in about 50 small and medium-sized companies. Currently, the Sofindev Management team manages the Sofindev IV fund (°2015) with committed capital of €107 million and the recently raised Sofindev V fund (°December 2019), with total commitments of €170 million. Like Sofindev IV, Sofindev V realises investments in the capital of successful small and medium-sized companies in the Benelux, in partnership with the entrepreneurs and management teams of these companies, to support their further growth.
Korys is the investment company of the Colruyt family. Today, it has more than €4.5 billion of assets under management. Besides holding a significant participation in the Colruyt Group, a leading retail company in Belgium and France, it actively manages participations in privately held companies and in private equity funds. Korys has also set up proprietary funds to manage its portfolio of listed investments. Across its activities, Korys’ investment decisions are taken with a long-term perspective and on basis of strict economic (Profit), social (People) and ecological (Planet) criteria. Korys aims to create sustainable value in 3 major ecosystems: Life Sciences, Energy Transition and Conscious Consumer. To do this, Korys can count on a motivated team of 30 professionals based in Belgium and Luxembourg.