Anders Invest Industry Fund

Portfolio Involved Yield

The Anders Invest Industry Fund now has a fund volume of over € 100 million (including co-investments). This fund focuses on Dutch production companies, has an indefinite term and is therefore focused on the long term. About 300 entrepreneurs have entrusted part of their assets to this fund. The fund management has invested a substantial part of their equity in the fund. The industrial fund grows in an annual cycle through additional investments from existing and new investors. Total fund volume (including co-investments) is expected to increase to approximately € 125 million in the coming cycles.

Involved

Anders Invest's partners have an industry background. They have themselves led companies of the type Anders Invest invests in and have proven to be able to add a lot of value. We know what is going on in the companies and the markets in which they operate. We involve investors in Anders Invest in the participations in order to realize the potential of all knowledge and networks.

Yield

Anders Invest aims for a diversified portfolio of high-quality and sustainably high-performing companies. We choose healthy and growing companies where our involvement can bring even more value. We expect good returns and manageable risk. Due to the legal form of a cooperative, the participation exemption is guaranteed, also for interests below 5%.

Brabant Groep acquires Euroblast

Brabant Groep from Oosterhout, part of the Industriefonds of Anders Invest, has acquired the shares of Euroblast N.V. from Belgium. Brabant Groep focuses on corrosion prevention projects for various sectors such as tank construction, steel construction, petrochemicals, civil engineering, utility construction, shipbuilding and energy. Euroblast is located near the port of Antwerp and specializes in blasting and preserving steel plates for shipbuilding, tank construction, offshore applications and industry and works for Belgian, European and intercontinental customers. With the acquisition of Euroblast, Brabant Groep obtains greater geographical coverage and can serve its customers more widely. In addition, synergies can be achieved through more efficient business operations, improved use of the various locations and the sharing of logistics, facilities and work processes. Euroblast will continue to operate under its own name. This is the second expansion for Brabant Groep this year. In June, a merger between the Brabant Group entity Straco Heerenveen and Staal Technische Centrum Noord-Nederland (STC) was realised. Straco Heerenveen is active in the field of wet painting and powder coating. STC is active in blasting and wet coating applications. In time, the facilities will be expanded with a new aluminum coating line.

Acquisition Lieverdink

Anders Invest Groeiplatform, part of the industry fund, realized a 100% participation in Lieverdink from Doetinchem on 7 October 2021. The company manufactures parquet floors and is the market leader in the Netherlands in the field of tapestry floors. Lieverdink employs approximately 25 permanent employees. It is Anders Invest's 24th participation in its industry fund. Lieverdink, a family business founded in 1986 in the Achterhoek, produces high-quality traditional parquet floors. Strips, herringbone motifs and patterned floors are produced from more than 30 types of wood. In addition to traditional parquet, Lieverdink has developed its own line of two-layer parquet (Q2) specifically for use in combination with floor heating. In Doetinchem, the company has several production lines where the parquet is machined from raw planks. The company is a benchmark in the parquet industry and counts more than 800 parquet fitters among its clientele. This ensures that Lieverdink is able to realize a stable turnover with good results. The shares in Lieverdink have been taken over from the current owners, Gerben and Eric Lieverdink. The parquet factory was founded by their parents and they have been involved in the company from an early age. Gerben and Eric will remain associated with the Parketfabriek as directors for the foreseeable future. With them continuity is guaranteed and Anders Invest sees an attractive growth perspective due to the strong developments in the housing sector and opportunities in the field of internationalization.

Anders Invest acquires Bincx

Anders Invest has acquired a 60% participation in Bincx from Kootwijkerbroek. The company engineers, produces and installs steel structures for non-residential construction. Bincx has a turnover of approximately € 80 million and employs more than 100 permanent employees. Bincx was founded in 2001 and has since grown into one of the larger players in the Netherlands in the field of steel structures for industrial real estate and utility construction in various applications such as production halls, offices, schools, logistics real estate and agricultural applications. The company operates from production and assembly halls at various locations in the Netherlands. The German market is served from Gronau. Bincx has an engineering department, production with CNC machine lines, a large number of mobile cranes and its own assembly teams. In addition to mounting the steel structures, prefab concrete walls and sandwich roof and facade elements are also mounted. The culture is innovative, with an average of young employees, and there is room for new ideas and self-organization. The company's customer base consists of established (international) construction companies and contractors in the Netherlands, Belgium, France and Germany. Bincx also works with a number of Dutch system integrators who deliver turnkey projects in emerging markets. Anders Invest acquired its interest from founder and director Wilco van den Brink. Mr. Van den Brink will retain a 40% interest and, together with the management, will continue to work actively to achieve further growth and professionalize the organization.

Investment in Geraedts Ijzergieterij

On December 30, 2021, Anders Invest realized a 60% participation in Geraedts IJzergieterij from Baarlo. The company manufactures castings from lamellar and nodular cast iron. Geraedts employs approximately 20 permanent employees. It is Anders Invest's 26th participation in its industrial fund. Geraedts, a North Limburg family business founded in 1935, produces castings from lamellar and nodular cast iron for the mechanical engineering, automotive and maritime industries. The company is a hand-moulded foundry specializing in small series up to 16 tons. In the factory in Baarlo, melting is done by means of electro-induction furnaces, which leads to a process with a significantly lower CO2 footprint than using traditional gas cupola furnaces. Geraedts serves customers in the Netherlands, Germany and Belgium from Baarlo. By supplying high-quality products, a diversified customer base and by being a reliable and flexible partner for its customers, Geraedts has proven to be very stable and profitable. The Geraedts family will continue to play a key role within the company. Jan Geraedts, former chairman of the trade association and icon in the sector, will retire from the company in view of his age. He conducted the management together with his son Bart, who will remain as general manager. His cousin Mike Geraedts will join the board. Anders Invest, as a partner with a long-term focus, will continue to build the future of Geraedts IJzergieterij together with the family. The trend of local sourcing, demand for increasingly high-quality products and focus on product and customer diversification lead to attractive growth prospects.

Start Roderik as investment manager Food & Agri

As of March 1st, Roderik Bronkhorst (1987) has joined the Anders Invest Food & Agri team as an Investment Manager. He has 10 years of experience in international M&A and corporate finance at Rabobank and Chestnut Corporate Finance. During this time, he was predominantly focused on advising companies in the Food & Agriculture sector. Roderik holds a bachelor’s degree in Economics & Business Economics from Utrecht University and a master’s degree in Financial Economics from Erasmus University in Rotterdam. Together with Evert Hein Schuiteman, Theo van Stuijvenberg and Jurjen van der Werf, Roderik will continue building the Anders Invest Food & Agri Fund

Anders Invest seeks € 100 million capital round

Anders Invest is growing rapidly: with 25 employees, 18 transactions have been completed in 2021 and a large number of investments are still in the pipeline. Major capital rounds will start in April at the corporate funds in industry and food & agri and the property fund for rental properties. The recruitment target amounts to a total of approximately €100 million in new capital. Value development in the two large, longer-established industrial and rental housing funds is good and the dividend paid has also increased. The 25 companies in the industrial fund have been hit by the commodities crisis, parts shortages and inflation, but are showing resilience. Despite the turbulence, 2021 was closed with a total performance of 13.9%. The expected effects of the Ukraine war have been included in the valuation in individual cases. Since its inception at the end of 2015, the fund has achieved an average return of over 15% per year. The portfolio companies paid more dividends to the fund, which allowed the dividend to be increased to investors. The industry fund will then have realized an average payment of 8% per year over a period of 7 years. The unique approach and network in the manufacturing industry provide access to new investment opportunities, increasingly as an addition to existing companies. Multiple opportunities are at an advanced stage, kicking off the 9th capital round with a recruitment target of €35 to €40 million. One of these projects is the acquisition of a well-known Dutch consumer products manufacturing company with a turnover of more than €100 million. This will lead to the establishment of a 3rd co-investment fund, for which recruitment has also started. The rental housing fund, the second largest fund of Anders Invest, also developed well. Satisfied tenants and low vacancy rates ensure good operational results. The fund's total performance in 2021 is over 17%. This brings the average performance since the start of the rental housing fund in autumn 2017 to more than 12% per year. Here too, a significantly higher dividend is paid, bringing the average dividend since the start to more than 3.3% per year. The fund recently invested in more than 600 largely new homes in Groningen and Harderwijk that will be built in 2022 and 2023. The purchase price and the expected return on these new projects are good, which means that an investment in the 6th capital round that has now started has an attractive return/risk profile. The recruitment target is between €25 and €30 million. The food&agri fund, which was launched in 2021, has so far made five acquisitions, mostly in the field of healthy and sustainably produced food and animal feed. The most recent investment by this corporate fund concerns Service2Fruit, an online platform for the auction of fruit and vegetables. It offers complete transparency for top fruit online, making it easier for supply and demand to find each other. The fund, which is less than 1 year old, realized a value increase of almost 5%. The team has been expanded with two colleagues so that we can work together with the companies on growth and returns, both financially and in the field of sustainability and social impact. There are currently two promising propositions in the due diligence phase. Further acquisitions are expected in the course of the year and therefore the fund is starting to raise for the 2nd capital round of €15-20 million. Registrations for these 3 capital rounds and the co-investment opportunity close at the end of April. Another round of capital is expected to be launched at the healthcare real estate fund around the summer.

Directors‘ Day 2022

On Wednesday 11 May 2022, the annual Directors' Day of the Anders Invest Industriefonds took place again. An extraordinarily inspiring and energetic day in Maarsbergen where all directors / MTs of the portfolio companies were invited. There were approximately 70 participants. We talked about sustainability, employee development and diversity. Especially themes related to people and planet. Companies shared challenges and solutions with each other. Despite (or perhaps thanks to) the different end markets in which the companies are active, challenges are very similar and a lot is learned from each other.

Anders Invest signs 100% participation Royal Leerdam - Crisal

Anders Invest has signed an agreement to purchase a 100% participation in Royal Leerdam and its affiliated company Crisal – Cristalaria Automática S.A. The companies manufacture table glass for the European market from the Netherlands and Portugal( under the Royal Leerdam and Crisal Glass brands, has a turnover of approximately € 120 million and employs more than 600 employees in the Netherlands and Portugal. Glass has been produced in Leerdam since 1765. With the arrival of the glass factory in 1878, Royal Leerdam was founded. With the Crisal factory in Portugal, founded in 1944, Royal Leerdam has grown into a strong player in the European market of table glass. The company operates from the production site in Leerdam in the Netherlands and Marinha Grande in Portugal. In addition, the distribution center is located in Gorinchem. Royal Leerdam and Crisal serve customers in retail, wholesale and hospitality throughout Europe, Australia, India, New Zealand and the Middle East. Anders Invest has acquired its interest from Libbey Glass LLC. Libbey has decided to divest its European activities in order to strategically prioritize and expand its business within its core markets, especially the Americas. The closing of this transaction is anticipated to occur at the end of this month. Following the close of the transaction, Libbey and Anders Invest will maintain an ongoing commercial relationship, including uninterrupted access to products and other support.

We are always looking for new investments and investors.

Investors can join the fund in new rounds of capital. Depending on the number of investment opportunities, we organize a capital round once or twice a year, whereby existing and new investors can invest in the fund. The first deposit is from € 100,000. You become a member of a cooperative, a common and fiscally attractive legal entity for funds. Normally your investment would fall within the participation exemption, even with a small interest. Withdrawal occurs in principle by selling the membership rights to another investor. Anders Invest facilitates this process and therefore does not have to sell companies or properties.