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- SectorConsumer Products
- ActivityBaby- & kids fashion
- Date31 May 2016
- CountryBelgium - Netherlands
Belgium based Vendis Capital acquires Noppies
Noppies has been designing, developing, creating and marketing maternity clothing and baby/kids wear for over twenty years and has built an international market leadership position in the maternity wear industry. Noppies was founded by Norbert Mutsaerts in 1991, who as a pioneer understood pregnant women’s desire to wear fashionable and functional clothing during pregnancy. The company is active in more than 50 countries worldwide and sells its three brands “Noppies”, “Supermom” and “Esprit for mums” through own brand stores, franchise/partner stores, shop-in-shops, independent resellers and e-commerce. Its major markets include the Benelux, Germany, France, Spain & Canada. Noppies has had a pioneering role in the omni-channel approach to both retailers and consumers. Another innovation the company is proud of is its “Never out of Stock” collection. Noppies employs some 100 people.
Vendis Capital is an independent private equity firm focused on building and investing in medium sized branded consumer companies in Europe that are well positioned for value-creating growth or transformation. Investors behind Vendis Capital are amongst others the Colruyt family, the European Investment Fund (EIF) and Morgan Stanley. Earlier acquisitions include Petrol Industries, HUMANOID and ferm LIVING.
Maarten Millenaar, retiring CEO of Noppies is proud to have successfully led Noppies in recent years and seeing Vendis secure the continuity of the brand’s success: “Just as for Noppies’ founder Norbert Mutsaerts, Noppies became a baby of mine as well. Therefore I am delighted to have Vendis taking over and enabling the next phase of growth. We have significant trust in Vendis Capital, supported by their experience with the consumer brands industry. Vendis brings a reputation of adding value in companies’ organizations, and we believe they are well underway by involving Anne-Gien.”
Vincent Braams, partner at Vendis Capital: “Acquiring Noppies is a perfect example of our investment strategy; it presents a market leading brand in an attractive niche market, well positioned for further growth. We look forward to a successful cooperation and are highly enthusiastic about Noppies joining the Vendis family of consumer companies.”
Incoming CEO Anne-Gien brings significant experience from her past roles at Unilever, Hema and Noosa and will lead Noppies in its next growth phase. Anne-Gien: “Taking the opportunity to expand a market-leading brand together with Vendis Capital, is a long lived dream come true. Consumers’ zeitgeist provides Noppies with the chance to excel on functional, emotional and social benefits, and I believe we have a solid strategy in place to optimally captivate this potential.”