Amsterdam-based NewPort Capital BV, an independent private equity firm focused on investing in Dutch companies, has announced the first close of its third fund, NewPort Buyout Fund III Coöperatief U.A.
The Fund received backing from a diverse group of longstanding institutional investors, including endowments, family offices, and entrepreneurs, while also welcoming several new investors.
Melvin Sie, Partner at NewPort Capital, says, “We are delighted with the support from our existing investors, as well as several new investors, particularly in the challenging fundraising environment globally.”
“We experienced that our focus on the lower mid-market and our strong track record of supporting the growth of mid-sized private companies resonates well with a wide group of investors. We see lots of proprietary opportunities to invest in the lower mid-market and are excited to have continued capital available to pursue there.”
Peter van den Anker, Partner at NewPort, adds, “The NewPort team has been investing in the Dutch lower mid-market since 2017 with its predecessor funds and we will continue to do so with our third fund. This latest fund is a testament to the trust that investors have placed in our investment strategy and our team’s ability to generate value in the small buyout segment.”
Appointment of a new partner!
NewPort Capital has also announced the appointment of Dennis Hofmans (36) as a Partner.
Rob Van Der Laan, Founder and Managing Partner of NewPort, says, “Dennis has been part of our team since inception and has for example been leading our investment in Cow Hills, where we realised a gross money multiple of 8.1X at exit from our maiden fund.”
“With the addition of Dennis as a Partner in our firm, we further strengthen our leadership team which makes me very proud and happy,” adds Van Der Laan.
Investing in Dutch mid-market companies
Founded in 2017, NewPort Capital is an independent private equity firm that invests in Dutch companies known for their strong growth potential and capable management teams.
The firm is backed by Dutch entrepreneurs and its team, along with support from over 60 business owners across various sectors. NewPort provides strategic, financial, and operational expertise, using its extensive network to offer growth capital.
The firm partners with businesses to develop growth strategies, allowing existing management teams to retain partial ownership and continue running day-to-day operations. NewPort plays an active role as a supportive shareholder, offering guidance and leveraging its network.
Its goal is to strengthen companies and create long-term value through mutual trust and shared goals.
The firm says, “In addition to NewPort’s investment team, more than 100 successful entrepreneurs from over 25 sectors are involved as investors. They can support growth and development. In addition, various international investors offer access to a relevant network in Scandinavia, Germany, the UK and the US.”
The investments are focused on majority stakes in established Dutch mid-market companies in sectors like manufacturing, business services, financial services, and food packaging. These companies typically have annual profits between €2M and €7M.
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