Creafund and private shareholders have sold Aalterpaint to Quva

Aalterpaint

Founded in 1962, Aalterpaint is a leading European provider of customized functional coating solutions for specialized industrial applications in the metal packaging, protective and general industrial segments.

The Deal

Under the ownership of Creafund alongside private shareholders, Aalterpaint established a leading position across three chosen segments through increased focus, geographical roll-out and bolstering of the management team. With Quva as a new shareholder, Aalterpaint will have the support required to further strengthen its leading market positions. Aalterpaint will leverage Quva’s extensive experience in building leading industrial companies and long-term focus to provide its clients with high quality, customized industrial coating solutions.

Our Perspective

Siebrecht Declerck, Managing Director and head of Lincoln International Belgium, commented, “We are delighted to have advised the shareholders of Aalterpaint on this transaction. With Quva as a new shareholder, Aalterpaint has found the right partner to support its growth ambitions.”

Creafund

Creafund is an evergreen holding that invests for the long-term, specializing in buyout and growth capital for mid-sized companies. It was founded in 2001, has backed over 30 companies since its inception and currently has €250 million assets under management. It is co-owned by its management and 50 Flemish entrepreneur families, who mobilize their network, experience, equity and common sense.

Quva

Quva is the recently founded and privately held investment company of the Pascal Vanhalst family. Quva endeavors to be part of sustainable and long-lasting partnerships with entrepreneurs. Other investments include Mateco, Suspa, Abriso-Jiffy, Condoor, Resilux and a 50% stake in TVH Equipment.

Creafund Aalterpaint Quva 2022
  • 2022
    Close Year
  • Chemicals
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • USA
    Country
Lincoln International's dedicated team, thorough preparation and valuable guidance throughout all stages of the transaction were instrumental in realizing a successful outcome of the process.
Herman Wielfaert
Chief Executive Officer of Creafund

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