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Identifying and realizing value creation opportunities
Taros Capital has extensive experience with range of different transaction types, including corporate spin-offs, public-to-privates, and sale by founder/owners. See selected examples below and within the Portfolio.
| Deal type |
Examples |
|
Corporate spin-off |
Taminco (2003), Raet (2003), IMCD (2001), Zarges (2001), Essmann (2000) |
|
Public to private |
Delft Instruments (2004) |
|
Secondary buyout |
Novem (2004) |
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Sale by family owner(s) |
Carcoustics (2001), Crown Bedding (1999), Euromate (1998) |
|
Investor buy-in with founder-owner |
Sunweb (2005), Vetus (1999), Remark Group (2002) |
Taros has demonstrated ability to create substantial value in its portfolio companies. Key value drivers include:
- International expansion. Examples of internationally active and growing companies include Novem, IMCD, Euromate and Süddekor, each of whom increased EBITDA by on average 5-15% per year through a combination of add-ons and organic international growth.
- Refocusing and optimizing business portfolios through acquisitions and divestitures. Taros has completed one or more add-on acquisitions with a majority of its portfolio companies, including for example Taminco, Delft Instruments, Raet, IMCD, Zarges and Euromate.
- Achieving operational excellence. Jointly with management and using its network of advisors, Taros identifies optimization opportunities such as increased outsourcing, enhanced working capital management and investments in operational improvements.
- Financial/tax structuring enhancements. Taros strives to optimize the financial and tax structuring of the company and its investment. Taros has strong working relationships with advisors and with all major debt providers in the Netherlands, Belgium and Germany to arrange optimal financing and tax structures.
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Strengthening management teams. If needed, Taros can strengthen the management team on a temporary or permanent basis, leveraging its deep regional network of experienced advisors and industry experts.
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Managing succession issues. Taros has ample experience with managing succession issues jointly with founder/owners. The team has worked with several founder/owners to successfully manage the transition to new ownership and/or management.
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