€ 800+ million invested since 2001

€ 800+ million invested since 2001

31 buyouts & 80 add-on acquisitions

31 buyouts & 80 add-on acquisitions

On average +43% EBITDA growth during our ownership period

On average +43% EBITDA growth during our ownership period

About us

AAC Capital is a Benelux private equity firm actively supporting successful entrepreneurs and management teams in accelerating growth and thereby realising their international growth ambitions.

 

In partnership with management, we invest in healthy medium-sized Benelux companies that are active in growing markets. We provide growth capital, support management during key strategic choices and make our international network available.

 

Our 15 investment professionals in Amsterdam and Antwerp invite entrepreneurial managers to think big. We inspire and coach. We are enthusiastic and accessible. Matter-of fact but direct. We communicate in the we form: management and AAC become one team.

 

Since 2001, we have invested over € 800 million in 31 platform investments in the Benelux, to which we have added more than 80 companies.  We are proud of our track record in achieving sustainable growth in the last 16 years. The returns we achieve are consistently among the best 25% in our sector.

 

We are currently investing from our third fund. AAC enjoys the trust of reputable institutional investors in America, Europe and the rest of the world. This includes pension funds, Insurance companies, investment funds, family offices and government funds. Entrepreneurship is in our DNA. We invest ourselves.

 

Responsible investing is paramount to us. We invest according to Environmental, Social and Governance criteria and endorse the principles of the United Nations Principles for Responsible Investment (UNPRI).

Why AAC

We are matter-of-fact, open, success-driven and straightforward. We work closely with the management of companies and are straight and fair under all circumstances. We have an excellent track record in terms of value building and growth of companies, possess the necessary experience and knowledge and also have a comprehensive international network of specialists, managers, supervisory directors and advisors who provide us and management with support.

"AAC has supported us in sharpening and implementing our strategy and using their network to further help Desotec. In recent years we have grown even harder than planned and are now market leader in Europe."

Mario Hertegonne, CEO Desotec

Investment strategy

We invest together with enterprising successful managers in the following situations:

  • Buy-and-build/consolidation: Accelerate the growth of a platform in a fragmented industry through a series of targeted acquisitions
  • Internationalisation: Accelerate the international growth of a Benelux champion
  • Transition of family companies/founders: Partnership based on good balance and mutual respect, where the family/founder partially steps down and remains as a (minority) shareholder
  • Corporate carve-outs: Carve out a division or part of a larger organisation and operate more effectively by being more enterpreneurial

In most cases, we invest together with existing management (management buy-out) but we are also open to talented managers who want to run another company (management buy-in). AAC seeks to achieve a majority position or controlled minority position.

 

We have a wide range of interests and do not exclude sectors. We have specific interest and experience in business services, food & consumer goods, high-tech manufacturing companies, information & ICT and environment & energy.

 

We apply the following investment criteria:

  • High calibre, enterprising and ambitious management team
  • Market with structurally healthy growth prospects
    For the end customer, price is not the most important buying criterion
  • Sustainable competitive position with distinguishing features: Competitive advantage, scalable business models and potential to increase market share
  • Significant growth opportunities, autonomous and/or via buy-and-build
  • EBITDA between three and fifteen million Euro
  • Headquarters in the Netherlands or Belgium