Kartesia supports Novidam in the acquisition of THB Verhoef

Kartesia, the European specialist provider of financing solutions for small and mid-sized companies, is pleased to announce that it has provided financing to support Novidam in the acquisition of THB Verhoef (“THB” or “the Company”).

Founded in 1981 and headquartered in Zwijndrecht, The Netherlands, THB is a leading distributor of premium European-made components for medium-speed marine engines. The Company serves various industries, including marine and energy, and is renowned for its high-quality parts and exceptional customer service. THB collaborates with esteemed European Original Equipment Suppliers and is dedicated to fast deliveries, quality assurance, and continuous improvement. In recent years, THB has achieved substantial growth by expanding its service portfolio, strengthening customer relationships, and enhancing operational capabilities.

Novidam was founded in New York in 2014. A private equity firm founded as a search fund, operational know-how and long-term value creation go hand in hand at Novidam.

With the support of Novidam and capital deployed from Kartesia´s Senior Opportunities (“KSO”) strategy, THB Verhoef is committed to strengthening and expanding its position as a leader in its industry. The Company’s growth strategy includes a targeted M&A plan and a continued focus on delivering exceptional service to their clients while embracing new opportunities for expansion and innovation.

The deal team at Kartesia consisted of Ruben Moen and Mats Sanc.

Adriaan Verhoef, CEO of THB Verhoef, commented: “Team THB Verhoef is very much looking forward to start working with our new skilled partner Novidam to shape the buy-and- build future of THB Verhoef, with a long-term vision for strategic takeovers and mergers. As always, our customers will remain our most important consideration and will be served to the highest level.”

Alexander Schuil, Managing Director at Novidam, said: “We are very excited to be able to work with such an experienced management team, having driven strong organic growth these last years. Novidam will bring its international operating and investing experience to this partnership. With a mutual vision of long-term value creation and through strategic M&A in this fragmented industry, this dynamic partnership provides a strong foundation for us to further build upon. We are pleased with the financing from Kartesia in support of our long-term ambitions.”

Ruben Moen, Associate Director at Kartesia, added: “We are thrilled to support Novidam in this new acquisition. The medium-speed engine aftermarket presents a stable and attractive opportunity, while THB Verhoef has a long-standing track record of delivering high-quality parts and services to a broad customer base. We look forward to supporting Novidam in its goal of taking THB Verhoef to the next level and eagerly anticipate the continued growth of the business as it strengthens its market position”.