12 February 2018
In February 2018, Van Dorp Group (Zoetermeer) concluded negotiations on the refinancing of the existing facilities, extension of its current working capital financing as well as an additional acquisition facility with newly selected partner bank ABN Amro. This new financing arrangement provides Van Dorp Group with the necessary headroom to realise the envisioned growth of the company.
ABN Amro shall also host all payment transactions, bank guarantees and any interest rate- and currency hedging. Integrated Finance Solutions (IFS) BV guided Van Dorp Group throughout the entire refinancing process.
Van Dorp Group
Van Dorp Group is a strong family-owned business, raised in 1985 by Henk Willem van Dorp purchasing Van Hoek Verwarming. In the following years, Van Dorp Group grew out to become one of the leading installation companies in the Netherlands, offering comprehensive installation technique and an innovative product range of climate control solutions. With 14 branches and more than 1.000 employees Van Dorp Group realises about € 200 million annual revenue.
Van Dorp Groep is active in electronic installations, industrial kitchen technique, mechanical engineering, management and maintenance and more specialistic techniques such as for swimming pools, thus providing a range of products and services which offer a ‘total solution’ to its customers.
Van Dorp Group continues to develop and build in order to become the leading technical service provider in Holland. This expansion will stem from autonomous growth, expansion of the climate technique service offering as well as acquisitions. The new acquisition facility and expanded working capital financing provided by new partner bank ABN Amro Bank shall support this growth strategy.
More information?
For more information please contact Integrated Finance Solutions at +31 30 7602110.
