Radio Holland

Maritime equipment distribution

Business activity and description

Radio Holland Group is a world wide sales and service network of maritime navigation and communication equipment for the ship operating and ship building industry.
Radio Holland was founded in 1916 and at the time of the sale consisted of Radio Holland subsidiaries and branches as well as approximately 150 service stations operated and owned by third parties.

Deal Information

• Deal size: €47 million
• Deal size at exit: Undisclosed
• Deal type: Trade sale
• IRR: 42%
• MoneyMultiple: 3.9x
• Date of investment: February 2002
• Date of exit: May 2006
• Sold to: Imtech N.V.

Investment rationale

During the time of the investment, Radio Holland Group expanded its existing business model in selected new territories and was able to strengthen its “service-on-demand” activities.