Vendis Capital

Vendis Capital is an independent private equity firm established in 2009, specializing in investments in small to medium-sized branded consumer companies across Europe. Headquartered in Diegem, Belgium, the firm employs a flexible capital structure that includes both development and buyout capital. Vendis Capital provides comprehensive support to entrepreneurs and their businesses throughout various stages of growth, assisting with strategic planning, management enhancements, acquisition evaluations, and the implementation of monitoring systems. The firm primarily targets branded consumer companies in sectors such as food, retail, and services, with a focus on those located in Benelux, France, the Netherlands, and Luxembourg. Vendis Capital typically invests between €10 million and €60 million per transaction, seeking companies with revenues ranging from €10 million to €300 million and EBITDA between €3 million and €30 million. The firm is committed to taking active roles in its portfolio companies, often acquiring either majority or minority stakes, and generally maintains investment horizons of four to seven years.

Willem Van Aelten

Co-Founder and Partner

Nadia Bervaes

CFO

Vincent Braams

Partner

Olivier Le Bris

Associate

Michiel Deturck

Co-Founder & Partner

Arjan Elderhorst

Investment Director

David De Graaf

Investment Director

Silke Kranz

Investment Manager

Alexander Matthes

Partner

Mathieu de Medeiros

Partner

Cédric Olbrechts

Co-Founder & Partner

Maarten Snijders

Associate

Joris Van Troos

Investment Manager

Philip Vannieuwenhuyze

Associate

Gianni Voigt

Associate

Stefan Weimann

Senior Analyst

Tobias Wollenhaupt

Investment Director

28 past transactions

ECOstyle

Acquisition in 2021
ECOstyle provides sustainable garden care and effective naturally-based alternatives to chemical-based products. ECOstyle serves gardening consumers and pet owners, as well as professional gardeners and the agriculture and horticulture sectors. It has established leading positions and a local presence in all of its focus markets, including the Netherlands, Belgium, Denmark, and Austria, where it has longstanding relationships with the key garden centers and DIY retailers.

Ateliers Humanoid B.V.

Merger/Acquisition in 2015
Ateliers Humanoid B.V. manufactures and sells apparel and accessories for women. The company offers cardigans, coats, dresses, jackets, jumpers, leggings, one pieces, shorts, singlets, skirts, tees, tops, and trousers. It also offers bags, belts, bracelets, hats, keychains, mittens, socks, wallets, and wraps; and boots, flat shoes, high-heeled shoes, and sandals. The company offers products through retail stores in the Netherlands, Belgium, Scandinavia, Germany, Austria, Switzerland, France, Italy, the United Kingdom, Spain, Northern Ireland, Japan, the United States, and the Russian Federation. In addition, it sells products online. Ateliers Humanoid B.V. was founded in 1981 and is based in Arnhem, the Netherlands.

Yarrah Organic Petfood

Private Equity Round in 2012
We are the only animal feed manufacturers in the Netherlands with a complete range of organic products. And the first. Since 1992 we work exclusively with chickens, cattle and turkeys that have had a better life. Meat from mega stalls or pops chicken you will not come with us against.

HerbalGem

Private Equity Round in 2011
Herbalgem develops gemmotherapy remedies and herbal extracts. It engages in the development, manufacture, and commercialization of bud extracts and other herbal remedies; and development and extraction of herbal ingredients for pharmaceutical, nutraceutical, and cosmetic industries. Herbalgem also offers a range of herbal preparations, such as syrups, ointments, and tinctures. It offers its products in the areas of immune system, circulatory system, cleansing and drainage, shape and skin, respiratory system, energy and well-being, relaxation, hormonal system, and voice, as well as bones, muscles, and joints. Herbalgem began operation in 1986 as GemmoBase. It has its headquarters in Vielsalm in Belgium.

Petrol Industries

Merger/Acquisition in 2016
Petrol Industries B.V. manufactures and sells apparel for men, boys, and girls. It offers regular, tapered, slim fit, narrow fit, and carrot fit denim jeans, as well as jackets. The company sells its products online. Petrol Industries B.V. is based in Tilburg, the Netherlands.

Kamera Express

Private Placement in 2018
Kamera Express has been the photo retail specialist of the Benelux for more than 20 years! The combination of webshop and superstores in Amsterdam, Arnhem, The Hague Rotterdam , Zwolle and Antwerp makes Kamera Express unique.All our products are ready for demonstration in Thire super stores. With trained and qualified personnel you can always go for good and familiar advice.

Task International B.V.

Merger/Acquisition in 2016
Task International B.V. designs, manufactures, and sells maternity clothing. The company offers maternity clothing that includes tops, bottoms/jeans, lingerie, nightwear, nursing shirts, swimwear, and others; and breast feeding clothes, including T-shirts, tops, dresses, and nursing bras. It also provides baby and children clothes comprising tops, such as growsuits, coats, T-shirts, shirts, polo shirts, blouses, jumpers, cardigans, vests, dresses, and coats; bottoms, including jeans, skirts, trousers, skirts, leggings, and tights; swimwear that includes swimming shorts, swimsuits, and bikinis; and others, which include premature baby clothes, bodysuits, pyjamas, socks, hats, gloves, and scarves. The company offers collections according to seasonal trends for babies and children. It also provides a magazine that focuses on latest trends on maternity, baby, and kids' clothes. The company serves pregnant women and young mothers online, as well as through brand stores. Task International B.V. was founded in 1991 and is based in Lelystad, the Netherlands.

ferm LIVING

Acquisition in 2016
ferm LIVING ApS manufactures and sells design and interior products for homes. Its products include cushions, wallpaper, illustrations, textiles, decorative objects, wallstickers, wire baskets, furniture, wardrobes, and brass and organic products, as well as a collection for kids; and designs for the living room, kitchen, bedroom, bathroom, and office. The company sells its products online; and through a network of agents/distributors and stores in Denmark and internationally. ferm LIVING ApS was founded in 2006 and is based in Copenhagen, Denmark.

Sylphar

Private Equity Round in 2017
Sylphar manufactures medical aids and cosmetic products. It offers mouth ulcer gel, cold sore serum, and cold sore prevention products; interdental whitener, gum care toothpaste, smile kit, whitening promo bag, instant whitening toothpaste, instant tooth polisher, plaque and stains removing solution, tooth polisher refill, and instant whitening mouthwash; eye bags and dark circles diminishing cream, stretch marks prevention cream, spider veins solution, and scars stick; and Shur Healthy Breath, a solution for bad breath. Sylphar sells its products under iWhite, Herpatch, Shur Healthy Breath, and Remescar brands. It offers products through retailers, distributors, and pharmacies in Belgium and internationally. Sylphar also serves customers through its online store. It began operation in 2007, with its headquarters in Sint-Martens-Latem in Belgium as a former subsidiary of Remedent.

Humanoid

Private Equity Round in 2015
HUMANOID is a typical International Dutch brand. It is grounded, self-assured and confidant in its history, niche market and aspirations. There is a sense of freedom and optimism in the way that is worked and how the company looks to the future. What started with a new wave gut feeling and fun punk attitude out of a small studio in the Arnhem ‘Weverstraat’ has steadily become an international fashion brand with hundreds of stockists worldwide and its own brand store in Arnhem and online shop.

L'Atelier d'Amaya

Acquisition in 2019
L'Atelier d'Amaya SAS manufactures jewelry for men, women, and children. The company sells its products through retail stores and online. It offers silver, gold plated, and rose gold plated jewelries, which includes bracelets, necklace, rings, earrings, engraved collection, medals, jewelry sets, gemstone jewelry, and baby presents. The company was founded in 2007 and is based in Bordeaux, France.

Alexandre de Paris

Private Equity Round in 2013
Louis Alexandre Raimon, or Prince de la coiffure as he was most famously known as, was a French style icon of the 20th century, who devoted his life work to beauty, excellence in hairdressing and custom made hair accessories. He worked closely and collaborated with all the old masters of French Haute Couture like Coco Chanel, Yves Saint-Laurent, Hubert Givenchy, and Christian Dior amongst many others. Like them he and his hand crafted hair jewels became an embodiment of French Style and was a personal favorite of many leading ladies. Elizabeth Taylor, Princess Grace Kelly of Monaco, Greta Garbo, Audrey Hepburn, Jackie Kennedy were just few of his passionate devotees

ZEB

Venture Round in 2010
ZEB, is a Belgium-based retail chain.

Petrol Industries

Acquisition in 2016
Petrol Industries B.V. manufactures and sells apparel for men, boys, and girls. It offers regular, tapered, slim fit, narrow fit, and carrot fit denim jeans, as well as jackets. The company sells its products online. Petrol Industries B.V. is based in Tilburg, the Netherlands.

Legio Group

Private Equity Round in 2016
LEGIO ist ein international agierendes Unternehmen und im Fachbereich der innovativen Wasseraufbereitungstechnologien führend. Gegründet wurde das Unternehmen von Herrn Dipl.-Ing. Rainer Kaifel als Dienstleistungsunternehmen für chemischen Rohrleitungsdesinfektion. Ziel war und ist die Sicherstellung einer zu jederzeit hygienisch einwandfreien Wasserqualität.

The Victoria Group

Private Equity Round in 2014
The Victoria Group was founded in 1991 and is now the Belgian market leader and an important player in France in the jewellery direct sales sector. Victoria designs, produces and distributes, exclusively via its network of sales representatives, classic and trendy jewellery for men, women and children. The jewellery collection includes rings, bracelets, earrings, necklaces and pendants, and is rigorously selected to meet the wishes of the public and to provide optimum quality at the best price.

HV Equestrian

Acquisition in 2013
HV Equestrian operates as a wholesaler of equestrian fashion products, gears, accessories, and horse care products. It markets its products under brands HV POLO and euro-star brand. HV Equestrian distributes its products through specialized equestrian retailers, and internet and mail order retailers. Steef Duijndam founded it in 1985, with its headquarters in the Hague in the Netherlands.

Fatboy

Private Equity Round in 2017
Fatboy the original B.V. manufactures indoor and outdoor décor products. It offers seatings, including beanbags, poufs, lounges, and seating accessories; airloungers; and lighting equipment, including table lights, standing lights, pendant lights, and lighting accessories; . Its outdoor products include outdoor seatings and lighting, tables, carpets, hammocks, and parasols. It offers its products through retail stores and online. The company is based in ‘s-Hertogenbosch, the Netherlands.

Sylphar

Merger/Acquisition in 2017
Sylphar manufactures medical aids and cosmetic products. It offers mouth ulcer gel, cold sore serum, and cold sore prevention products; interdental whitener, gum care toothpaste, smile kit, whitening promo bag, instant whitening toothpaste, instant tooth polisher, plaque and stains removing solution, tooth polisher refill, and instant whitening mouthwash; eye bags and dark circles diminishing cream, stretch marks prevention cream, spider veins solution, and scars stick; and Shur Healthy Breath, a solution for bad breath. Sylphar sells its products under iWhite, Herpatch, Shur Healthy Breath, and Remescar brands. It offers products through retailers, distributors, and pharmacies in Belgium and internationally. Sylphar also serves customers through its online store. It began operation in 2007, with its headquarters in Sint-Martens-Latem in Belgium as a former subsidiary of Remedent.

QNL Holding BV

Private Placement in 2018
QNL Holding BV manufactures and markets hearing protection equipment. It offers earplugs, earmuffs, and accessories, such as ear spray, storage bags, and tubes. The company offers earplugs for musicians, partygoers, travelers, water sports enthusiast, motorcyclist, and children. In addition, it also offers earplugs for sleeping to avoid sleeplessness, and for workforce on construction site and industry. The company was founded in 1994 and is based in Soesterberg, Netherlands.

eyes+more

Acquisition in 2010
eyes+more is a unique ´value for money´ retail concept in the optical sector. eyes+more offers the consumer a choice from 1500 fashionable frames at a single fixed low price, including scratch-resistant, extra-thin and super non-reflective lenses.

POKAWA SAS

Merger/Acquisition in 2020
POKAWA SAS operates a chain of fast-casual restaurants for poke bowls. The company offers poke bowls, desserts, drinks, chicken vegetables, salmon roll bowls, salads, and other healthy bowls. It also provides online order and takeaway services. The company was founded in 2017 and is based in Paris, France.