Vendis Capital

Vendis Capital is an independent private equity firm established in 2009 and based in Diegem, Belgium, with additional offices in Sweden, France, and the Netherlands. The firm specializes in investing in small to medium-sized branded consumer companies across Europe, focusing particularly on the Benelux region, France, and the Nordics. Vendis Capital employs a flexible capital structure that includes both growth and buyout investments, typically ranging from €10 million to €60 million per transaction. The firm targets companies with revenues between €10 million and €300 million and EBITDA between €3 million and €30 million. It actively supports entrepreneurs through various stages of development by assisting in strategic planning, management enhancement, and acquisition execution. Vendis Capital takes both majority and minority stakes in its portfolio companies and aims for active involvement, including board representation, with an investment horizon of four to seven years. The firm does not invest in financial services or pure media sectors, focusing instead on consumer-facing brands and retail sectors.

Nadia Bervaes

CFO

Vincent Braams

Partner

Olivier Le Bris

Investment Manager

Aurélie Cayet

Investment Director

Michiel Deturck

Partner

Arjan Elderhorst

Partner

Silke Kranz

Investment Manager

Fabian Kranz

Associate

Alexander Matthes

Partner

Mathieu de Medeiros

Partner

Yassin Nasri

Associate

Cedric Olbrechts

Partner

Paul Risopoulos

Associate

Jatinder Pal Singh

Investment Manager

Joris Van Troos

Partner

Philip Vannieuwenhuyze

Investment Director

Gianni Voigt

Investment Manager

Stefan Weimann

Investment Director

Tobias Wollenhaupt

Investment Director

18 past transactions

ECOstyle

Acquisition in 2021
ECOstyle specializes in sustainable garden care, providing naturally-based alternatives to chemical products. The company caters to a diverse clientele, including private gardeners, pet owners, and professionals in the agriculture and horticulture sectors. ECOstyle offers a range of ecologically responsible products, such as veterinary medicines, supplements, pest control solutions, and hoof care items. With a strong presence in key markets like the Netherlands, Belgium, Denmark, and Austria, ECOstyle has forged long-standing relationships with major garden centers and DIY retailers, reinforcing its commitment to environmentally friendly practices in gardening and livestock care.

L'Atelier d'Amaya

Acquisition in 2019
L'Atelier d'Amaya SAS is a family-owned business based in Bordeaux, France, established in 2007. The company specializes in the design and manufacture of jewelry for men, women, and children, offering a diverse range of products including silver, gold plated, and rose gold plated items. Their collection features bracelets, necklaces, rings, earrings, engraved pieces, medals, jewelry sets, gemstone jewelry, and gifts for babies. L'Atelier d'Amaya sells its products through both retail stores and an online platform, allowing customers to personalize their jewelry for various occasions. The brand is committed to serving the fashion industry with quality and customizable jewelry options.

Kamera Express

Private Equity Round in 2018
Kamera Express BV is a leading retailer of photo and video equipment in the Benelux region, with a strong presence in the Netherlands through both physical superstores and an online platform. Established in 1995 and headquartered in Capelle aan den IJssel, the company offers a comprehensive range of products, including cameras, lenses, flashes, studio equipment, accessories, and various printing and scanning tools. Customers have the opportunity to explore products in-store, where trained staff provide expert advice and demonstrations. Kamera Express also conducts workshops and events aimed at enhancing photography and videography skills for both professionals and enthusiasts. The combination of an extensive product selection and personalized service distinguishes Kamera Express in the competitive retail landscape.

Sylphar

Private Equity Round in 2017
Sylphar, based in Deurle, Belgium, specializes in manufacturing consumer healthcare and cosmetic products. The company offers a diverse range of solutions, including mouth ulcer gel, cold sore treatments, teeth whitening products, and skincare items aimed at addressing issues such as dark circles and stretch marks. Its product lineup features brands such as iWhite, Herpatch, Shur Healthy Breath, and Remescar. Sylphar markets its offerings through various channels, including retailers, distributors, and pharmacies, both domestically and internationally, and also operates an online store. Established in 2007, Sylphar has positioned itself as a provider of accessible and effective healthcare and cosmetic solutions for a variety of skin and mouth concerns.

Fatboy

Private Equity Round in 2017
Fatboy the original B.V. is a Dutch company based in ‘s-Hertogenbosch that specializes in manufacturing indoor and outdoor décor products. The company is known for its diverse offerings, which include colorful bean bags, poufs, lounges, air loungers, and various seating accessories. In addition to seating solutions, Fatboy produces a range of lighting equipment, such as table lights, standing lights, and pendant lights. Their outdoor product line features seating, lighting, tables, carpets, hammocks, and parasols, catering to both residential and commercial markets. Fatboy distributes its products through retail stores and online platforms, appealing to a wide audience with its vibrant and innovative designs.

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.

Noppies

Acquisition in 2016
Noppies is a brand under the Nine & Co. umbrella, specializing in clothing for pregnant women, babies, and children up to eight years old. The company focuses on providing a diverse and sustainable range of apparel, including T-shirts, skirts, trousers, and undergarments, designed to offer comfort and style during significant life stages. With a presence in over fifty countries and more than two thousand points of sale, Noppies is a prominent player in the maternity and children's clothing market. The brand emphasizes innovation not only in its fashion collections but also in areas such as digital services, logistics, and sustainable production practices, reflecting its commitment to supporting families while caring for the environment.

Ferm Living

Acquisition in 2016
Ferm Living ApS, established in 2006 and headquartered in Copenhagen, Denmark, specializes in manufacturing and selling a diverse range of design and interior products for homes. Its offerings include furniture, textiles, decorative objects, wallpaper, and designs for various spaces such as the living room, kitchen, bedroom, bathroom, and office, along with a dedicated collection for children. The company emphasizes quality and sustainability in its products, working with artisans worldwide to merge Scandinavian design principles with global craftsmanship. Ferm Living's products are available through online sales and a network of agents and distributors both in Denmark and internationally. The brand focuses on creating an authentic atmosphere that balances aesthetics and functionality, aiming to enhance the comfort and individuality of living spaces.

Petrol Industries

Acquisition in 2016
Petrol Industries B.V. is a clothing manufacturer based in Tilburg, the Netherlands, specializing in apparel for men, boys, and girls. The company offers a range of denim jeans in various fits, including regular, tapered, slim, narrow, and carrot fit, as well as jackets. Petrol Industries primarily operates in the European market, with a focus on the Benelux region, Germany, and France. The company sells its products through online platforms, providing a wide selection of stylish and versatile clothing options to its customers.

Humanoid

Private Equity Round in 2015
Humanoid is an international fashion brand based in Arnhem, Netherlands, specializing in women's clothing and lifestyle products. The company offers a diverse range of products, including blazers, coats, dresses, jackets, and sweaters, focusing on medium to high-quality items that prioritize authenticity and comfort. In addition to clothing, Humanoid provides shoes and accessories tailored for women. The brand operates an e-commerce platform alongside its flagship store in Arnhem, making its collections accessible to customers worldwide. With a strong foundation rooted in its history and a commitment to creativity, Humanoid continues to evolve while maintaining its distinctive identity in the fashion industry.

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.

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

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.

Yarrah Organic Petfood

Private Equity Round in 2012
Yarrah Organic Petfood B.V., founded in 1992 and based in Harderwijk, the Netherlands, specializes in producing and delivering a comprehensive range of organic wet and dry food products for dogs and cats. The company emphasizes high animal welfare standards by sourcing meat from livestock that has been raised in humane conditions, avoiding the use of chemical additives, preservatives, and hormones. Its product offerings include meals for puppies and adult dogs, vegetarian options, and specialized cat food for animals with dietary restrictions. The diverse selection features ingredients like chicken, beef, fish, and various vegetables, all formulated to support the health and well-being of pets. Yarrah's products are available through online channels in several European countries, promoting a commitment to organic pet care. As the first and only animal feed manufacturer in the Netherlands to offer a complete range of organic pet food, Yarrah Organic Petfood is dedicated to ensuring that pets enjoy a nutritious and balanced diet.

HerbalGem

Private Equity Round in 2011
Herbalgem specializes in the development and commercialization of gemmotherapy remedies and herbal extracts. Established in 1986 and headquartered in Vielsalm, Belgium, the company focuses on creating concentrated supplements derived from fresh, organic buds. Its product range includes syrups, ointments, tinctures, and macerates, designed to support various health areas such as the immune and circulatory systems, as well as promoting relaxation, energy, and overall well-being. Herbalgem serves the pharmaceutical, nutraceutical, and cosmetic industries, providing herbal ingredients and formulations aimed at enhancing health and natural wellness.

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.

ZEB

Venture Round in 2010
ZEB is a Belgium-based retail chain that specializes in jeans. Known for its extensive selection and expertise in denim, ZEB offers a variety of styles and brands to cater to diverse customer preferences. The company focuses on providing high-quality products while maintaining a strong presence in the competitive retail market. Through its commitment to customer satisfaction and fashion-forward offerings, ZEB has established itself as a notable player in the jeans retail sector.
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