Vendis Capital

Vendis Capital is an independent private equity firm established in 2009, headquartered in Diegem, Belgium, with additional offices in Stockholm, Paris, and Hilversum. The firm specializes in investing in small to medium-sized branded consumer companies across Europe, focusing on both development and buyout capital. Vendis Capital targets companies with revenues ranging from €10 million to €300 million and EBITDA between €3 million and €30 million. The firm primarily invests in consumer-facing businesses, including product and retail brands, while avoiding sectors like financial services and pure media. It typically engages in equity transactions, often taking either majority or minority stakes, and aims to hold investments for four to seven years. Vendis Capital also provides strategic support to its portfolio companies, assisting in management planning, acquisitions, and establishing monitoring systems. The firm has successfully closed its debut fund, exceeding its target, which has attracted a diverse group of investors.

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

Partner

Philip Vannieuwenhuyze

Associate

Gianni Voigt

Associate

Stefan Weimann

Senior Analyst

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 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.

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
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.

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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