Strengthening position in the profitable and fast-growing cleanroom market
DEAL FLASH | BUSINESS SUPPORT SERVICES | APRIL 2021
The Belgian leader in maintenance of professional clothing, Scaldis, has been acquired by French-listed group Elis S.A.
Over the last 50 years, Scaldis, supported by two generations of the Vanneste family, has evolved from a local industrial laundry to a leading specialist service provider. In 2020, Scaldis received the Trends Gazelle, a Belgian award for companies with a proven track record of growth.
"Oaklins has proven to be a trusted partner, offering an excellent service that was perfectly tailored to our needs. They were fully committed to supporting us as entrepreneurs in obtaining the best outcome on all aspects of this deal. During difficult times and in a complex setting, they were able to leverage their expertise, demonstrated a goal-oriented approach towards a successful closing and were willing to go the extra mile."
VINCENT VANNESTE, SHAREHOLDER AND MANAGING DIRECTOR, SCALDIS, BELGIUM
Oaklins found the best buyer to continue and expand the business of the Vanneste family
Oaklins’ team in Belgium acted as the exclusive M&A advisor to the shareholders of Scaldis. The team’s knowledge and insights into the competitive landscape led to a quick identification of the top European consolidators who were looking to expand their reach in the Belgian market and strengthen their position in the profitable and fast-growing cleanroom market. Oaklins managed to keep deal momentum by effectively addressing and managing COVID-19 impact on the sale process whilst keeping an open dialogue with the buyer, which eventually resulted in a highly successful closing.
To read the full transactions details as well as market trends, deal drivers, and M&A valuation aspects, click the link below!