Capital increase in Veldeman Group & VT Automation

Kumulus Partners acted as financial adviser of Veldeman Group and VT Automation in the capital increase of the companies by an undisclosed investor.

Veldeman group (founded in 1954) is active throughout Europe and in some other areas of the world. The core activity is the development and production of high-quality sleeping systems for the middle and higher market segment. In order to optimally respond to the wishes and needs of these market segments, the group works with a multi-brand strategy. With a very distinct focus for each brand. Over the years, a number of spin-offs have developed from the core activity, including a project business (including hotels) department, an industrial joinery and its own revolutionary glue less pocket spring production. Veldeman group is also a supplier of sleeping comfort for private label customers.

Kumulus Partners structured the setup of the transaction and established the broad terms of the investment together with Veldeman, its management and shareholders. Kumulus Partners ran a limited auction process, managed investor contacts, coordinated the due diligence process and deal structuration and led the final negotiations, both on the financial terms of the investment as on the governance of the company going forward.