Kartesia provides senior financing solution alongside Golding to support Foeth’s acquisition of Intimac

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a senior financing package to support Foeth (“the Company”), Europe’s largest platform for premium used process machinery, in its acquisition of Intimac, a recognised player in refurbished pharmaceutical machinery supported by Intersaction (“the Sponsor”). The financing was deployed from the Kartesia Impact Fund (“KIF”), with co-investment from Golding. This transaction marks Kartesia’s third deal alongside Golding and the first with the Sponsor, as well as Kartesia’s first primary investment from its Impact strategy in the Benelux region.

Foeth, founded in 1908 and headquartered in the Netherlands, has grown from a local Dutch used process equipment trader into Europe’s leading dealer of premium quality process equipment, serving industries such as pharmaceuticals, specialty chemicals, food, and recycling. Through its “Reuse to Reduce” strategy, the Company plays a key role in the circular economy, preventing over 43,000 tons of CO₂ emissions through direct reuse of machinery. Foeth operates internationally with offices in Spain, Germany, Poland, and Switzerland, and dedicated representatives in France, India, and the UK.

Intimac, based near Milan, has over 30 years of experience in sourcing, refurbishing, and selling high-value pharmaceutical machinery, including formulation, processing, and packaging equipment tailored to stringent regulatory standards.

The capital from Kartesia will be used to support the acquisition of Intimac, which will strengthen Foeth’s position in the pharmaceutical sector and expands its international footprint. It will also enable the refinancing of Foeth’s existing bank debt.

As part of the KIF financing agreement, Foeth will benefit from even more attractive financing terms by meeting certain key performance indicators (“KPIs”) linked to environmental and social impact. The deal team at Kartesia included Ruben Moen and Jan-Paul van Hees.

Ruben Moen, Investment Director at Kartesia, commented: “We are delighted to support Foeth in this strategic acquisition. Its commitment to sustainability and circular economy principles – combined with scale, international reach, and measurable impact – makes it an ideal partner for our Impact strategy. This aligns strongly with our mission to deliver environmental benefits while enabling the growth of market leaders. We look forward to supporting Foeth’s expansion into the pharmaceutical sector alongside our co-investor Golding.”

The Deal Team at Intersaction, commented: “We are enthusiastic about the next phase in Foeth’s development. Through the partnership with Intimac, the group can further accelerate its strategy to promote circularity and reduce global carbon emissions by extending the lifecycle of process and pharmaceutical equipment. The combination creates a broader and more relevant offering of used machinery for both customer bases, while enabling the integration of operational systems to improve efficiency and customer experience. We are confident that Kartesia and Golding are the right partners for Foeth, as demonstrated by their pragmatic approach to the transaction, flexibility throughout the process, and alignment on sustainability objectives. We are pleased to have them on board for this next phase.”

For further details please contact:

H/Advisors Maitland – Vikki Kosmalska
kartesia-maitland@h-advisors.global
+44 (0) 775 494 3601