Parcom Capital acquires MGG Group

Parcom Capital today announces the acquisition of a majority stake in MGG Group, a cutting edge and high quality manufacturer of advanced aluminium sand‐castings and sub‐assemblies.

MGG Group supplies various assemblies from sandcasting for commercial vehicles, heat exchangers and various other applications. The management of the company will co-invest alongside Parcom Capital. The company currently generates annual revenues of approximately 100 million euros.

MGG Holding CEO Bart‐Jan van den Boogaart comments: ”The entrance of Parcom as our new majority shareholder gives MGG the opportunity to further invest in the expansion of our activities. OEM customers expect a wide range of capabilities and in-depth knowledge of production processes from their current and future partners. With the support of Parcom we will be able to serve them even better and offer them solutions they need to fulfil their success. Management and staff are looking forward to the new challenges and opportunities.”

Gijs Vuursteen, partner at Parcom Capital, is pleased with the investment in MGG. Vuursteen: “We are impressed by the way MGG’s management team is developing its market leading position as an innovative and high quality partner to its blue chip client base. Parcom will actively support the team in the further development of MGG’s potential.”

Profiles

Since the foundation in 1945, MGG has been at the forefront of the aluminium foundry industry. MGG has a reputation for constant innovation in automotive and other industrial branches. With unmatched commitment and our extensive knowledge of aluminium casting technology (sand casting, LPSC as well as machining and assembly), MGG provides its customers with the very best innovative and cost effective solutions. MGG uses a fully integrated approach so that MGG can deliver “ready-to-install” products, to meet the high customer requirements.

Parcom Capital is a leading mid-market private equity firm and was founded in 1982, focusing on investments in high-quality, leading companies in the Benelux. Over the past 30 years, Parcom Capital successfully invested in more than 75 (international) companies. Recent investments have been made in Jan Snel, Simpel.nl, GoodHabitz and RH Marine Group.

 

More News

ConDoor kondigt vandaag aan dat de investeringsmaatschappijen Parcom Capital (“Parcom”) en Synergia Capital Partners (“Synergia) zullen toetreden als aandeelhouders van ConDoor. Naast Parcom en Synergia zullen oprichters Kees-Jan Honig en Jaap Kwant aanblijven als aandeelhouders en als management team.

Parcom Capital has acquired the successful clinical research organisation Viroclinics Biosciences. Viroclinics believes Parcom is the perfect partner to help it realise its growth ambitions. Viroclinics employs more than 100 experts and works for clients across the world. The acquisition will give Viroclinics the opportunity to expand its fields of expertise and its portfolio of

The Spanish independent supplier of electricity and gas executes its internationalization strategy by entering the Dutch market with the acquisition of a controlling interest in MAIN Energie from Parcom Capital, a private equity fund operating in the Benelux

Parcom Capital today announces the acquisition of a majority stake in MGG Group, a cutting edge and high quality manufacturer of advanced aluminium sand‐castings and sub‐assemblies.

Parcom Capital has recently acquired a substantial interest in GoodHabitz, while also injecting capital into the business to facilitate international growth. GoodHabitz is a leading provider of online education in the Netherlands, with a reach of nearly one million users.