Alantra advises Sun European Partners on affiliate’s acquisition of MegaGroup

Jun 2023

Buy-side advisory

London – Alantra, the global investment banking firm, has advised Sun European Partners on the acquisition of MegaGroup by an affiliate of the investment advisory firm. MegaGroup is a leading wholesaler of water technic solutions serving installers, professional end-users, resellers and original equipment manufacturers across Northwestern Europe in five end-markets: irrigation, building services, industry, pools and livestock.

Financial terms of the transaction were not disclosed.

Headquartered in Veghel, Netherlands, MegaGroup operates in the large and growing water equipment market, supported by favourable underlying momentum from ESG and climate related tailwinds and legislation,  including new climate change and sustainability regulation introduced on the back of rising temperatures and shifting precipitation patterns (floods and droughts) and the subsequent increase in demand for water reuse with the demand for smarter, more efficient solutions using tech enabled products.

MegaGroup is a leader in Northwestern Europe through its unique one-stop-shop proposition providing water technics products across applications, geographies, price points and customer types. Beyond its Dutch roots, MegaGroup serves 16,000 customers across 45 countries with two distribution centres in the Netherlands and Poland, ten sales offices (incl. Belgium, Germany and Netherlands) and an eCommerce platform with local web shops in 13 countries.

Lodewijk Sodderland, Managing Director Alantra Netherlands, led the deal team advising Sun European Partners. He was supported by Alexander Laheij and Andreas Smekens.

Paul Daccus, Managing Director of Sun European Partners, LLP, said: “We have been impressed by Bernard and his management team’s work over the past few years to turn MegaGroup into the leading water technics wholesaler in Northwestern Europe. We think there are fantastic opportunities to further grow MegaGroup both organically, building on its omnichannel capabilities and portfolio breadth, as well as through selective acquisitions across existing and new markets, whilst building on their past acquisitions and further integrating these.”

Bernard Verburg, CEO of MegaGroup, added: “We have been successful over the past years in executing our strategy together with the support of Nimbus. We all reached the feeling that a new owner of MegaGroup will bring to the table the necessary skills and means to further develop our company, both organically as well as through targeted acquisitions. With Sun as our partner, we are confident to realise our future ambitions.”