Vendis Capital invests in Hypo Group
The Hague, 12 February 2013 – Vendis Capital, the private equity fund specialized in the European consumer industry, has taken an interest in Hypo Group.
The Dutch Hypo Group is a fast growing supplier of branded equestrian fashion, for rider as well as horse. The main brands are HV POLO (which links to the polo sport) and euro-star. The products are sold to specialized equestrian retailers, internet- and mail order companies, mainly in Europe. In 2012 Hypo Group took over the activities of Nederinum/Imperial Riding, one of the oldest Dutch equestrian wholesalers specialized in hardware products.
Vendis Capital is a private equity fund with an exclusive focus on the consumer sector in Europe. It has a capital base of a bit more than 100 million euro. The fund is headquartered in Belgium, but is actively present in the Dutch and French markets.
“This is a new step in the development of Hypo Group, of which I laid the foundations 28 years ago”, explains Steef Duijndam, founder of the company. “Vendis Capital can not only help support the growth of our company, but I experience that they also bring consumer sector expertise. At the same time Vendis empowers me and my team to continue to lead the company’s independent development.”
“We are very happy with our entry in Hypo Group” adds Michiel Deturck of Vendis Capital. “ It is one of the most dynamic players in quite a specific market. The team has a lot of industry experience and has succeeded to develop authentic own brands as well as to renew established more traditional brands. This is illustrated by the growth realized during the last years. We look forward to work together with the team and to support the continued development of the group.”
Hypo Group is Vendis’ fifth investment, and is its third in the Netherlands.