The Belgian Private Equity fund KeBeK has acquired a majority stake in Borek.
Borek is a leading designer, manufacturer, wholesaler and retailer of high-end outdoor furniture in the premium and mid-range segment under the brands Borek©, Max&Luuk and Yoi. Borek is based in The Netherlands and mainly sells its collections to a well-balanced network of outdoor specialist dealers in the Benelux, Germany, England, France and Spain. In addition, Borek is also active in the project market and operates a number of own points-of-sale. With a team of 20 employees, Borek has in recent years realized a substantial turnover growth. Going forward, a further important increase is expected based on a.o. the further growth of Yoi, the brand that was launched last year, and the expansion in foreign markets.
Proost Ventures provided the Commercial Due Diligence of Borek to KeBeK Private Equity.
Download here in pdf the detailed Case Study Commercial Due Diligence – Borek
Client testimonial
“Proost Ventures delivered an extensive and high-quality commercial due diligence in an industry which is characterized by premium brands, style, and trends. Proost Ventures both captured and quantified the tangible metrics of the outdoor furniture industry and outlined Borek’s brand positioning compared to Benelux and Western-European brands. In addition, Proost Ventures identified a number areas for future growth both in product lines and in regions, which further solidified our Business Plan for Borek” says Floris Vansina, the Managing Partner of KeBeK Private Equity.
About Borek
Borek is a leading designer, manufacturer, wholesaler and retailer of high-end outdoor furniture in the premium and mid-range segment under the brands Borek©, Max&Luuk and Yoi. Borek mainly sells its collections to a well-balanced network of outdoor specialist dealers in the Benelux, Germany, England, France and Spain. In addition, Borek is also active in the project market and operates a number of own points-of-sale.
Borek was established in 1977 and is located in Oisterwijk, 10 km north-east of Tilburg. Since 2001, Frank Bogaers, the son of the founder, is in charge of the daily management. Under his tenure, Borek has evolved from an importer and wholesaler of parasols into a designer and supplier of several collections of outdoor furniture, that are characterized by unique designs, high-quality materials and refined finish.
With a team of 20 employees, Borek has in recent years realized a substantial turnover growth. Going forward, a further important increase is expected based on a.o. the further growth of Yoi, the brand that was launched last year, and the expansion in foreign markets.
More info: www.borek.eu – www.maxluuk.com – www.yoi-furniture.com
About KeBeK Private Equity
KeBeK is an independent Belgian private equity fund, that invests in solid, medium-sized companies with a demonstrable potential for further value enhancement. KeBeK actively supports the management teams of its portfolio companies with the implementation of a jointly defined corporate strategy. KeBeK generally acquires controlling stakes, without, however, interfering with the daily operations. The fund is managed by 4 partners, who have been working together for many years and who have a proven track record in the private equity industry. KeBeK’s capital is provided by renowned institutional investors, family offices, and successful entrepreneurs.
More info: www.kebek.be
About Proost Ventures
Commercial Due Diligence, Strategy, and Corporate Finance
Proost Ventures is an independent Advisory and Strategy Consulting boutique specializing in Commercial Due Diligence, strategy advisory, and M&A. Proost Ventures is specialized in a number of industries including Renewable Energy, Healthcare, Industry e.g. Automotive, and Financial Services (Banks, Insurance Companies, Stock Exchanges, Index providers, Private Banks, Asset Finance,…).
More info: www.proostventures.com