home > portfolio
Portfolio

Open32

Company:   Open32

Invested in :  April 2015

Status:  active, under management

OPEN32 is a multibrand store with 67 stores in The Netherlands, Belgium and Germany offering jeans and casual clothing of well-known brands like G-Star, Dept, PME Legend, Replay, Vero Moda and GSUS. 

The Varova Fashion Group is active in the fashion retail industry since 2010 with brands like Sissy-Boy, GSUS, Men at Work and JC Rags. All companies within the Varova Fashion Group operate autonomously but are working together on key areas like logistics, customer service, purchasing and online retailing.


Tepcomp

Company: Tepcomp

Invested in:  April 2015

Status:  active, under management

Varova owned Viapaq Group, a leading high-tech electronics company, announced its next step in executing its investment and growth strategy through the acquisition of Turku (F) based Tepcomp. Tepcomp is an electronics development and manufacturing services company (EMS), specialized in lighting, medical and industrial applications. Its broad scope of solutions, including contract manufacturing, standard modules and custom-designed LED lighting solutions, are a valuable extension of the Viapaq Group's proposition in this area.

Combined with its recent acquisition of Elekno Finland (an LED technology specialist) Viapaq Group further expands its product portfolio and development capability in lighting applications and assumes a leading role in this field.

The manufacturing footprint of Tepcomp, with sites in Finland and Estonia, is highly complementary with Viapaq Group's existing operational set up in France, Italy and Finland. It gives the Group access to manufacturing capabilities stretching from prototyping to high volume manufacturing and manual assembly, all according to the highest quality and performance standards.


Paul Sandberg, CEO of the Viapaq Group: "based on our DNA to deliver the highest quality and standards through our 60 year history in the automotive industry we can offer the lighting industry differentiated, locally engineered high-quality electronic components such as LED boards, LED drivers and Controls. Varova's Patrick van Rossum continues, "We believe electronics are becoming more and more important for the development and production of LED lighting solutions. To capture the full innovation potential that LED is bringing to the lighting market and its customers, it is crucial to have access to local competences in order to develop and market complete intelligent lighting systems.' 

Pekka Leppälä, Tepcomp's CEO, is excited by the opportunity to join the Viapaq Group: 'Joining Viapaq Group will further bolster our position in the market, our ability to invest and enable us to better serve our customers with an extended proposition. I see great value in combining both company's strengths'. Pekka Leppälä will join the Viapaq Group's management team and assume the role of Managing Director of Viapaq in Finland, part of this role is to continue to lead Tepcomp.


Chocolaterie de Bourgogne

Company: Chocolaterie de Bourgogne

Invested in:  February 2015
Status:  active, under management
A consortium led by Varova and Nimbus, have acquired a controlling interest in Chocolatery de Bourgogne in Dijon France. This project is a co-investment with Nimbus – our partner in our successful JV at Lami-Lutti and leveraging our confectionary and French restructuring experience

Pre WW II the company in Dijon was called Chocolaterie Lanvin, which still today has a brand recognition in France (Picasso commercials). In the 80s the company was bought by Rowntree to produce its product Quality Street, in the nineties by Nestle to be the global factory for the Lion bar, and then a few years ago by Barry Callebaut. When Callebaut decided to focus on chocolate bean processing, it sold the plant to a French / American management team in 2012. Under the leadership of Philippe de Jarcy, the company made a very successful transformation to private label production (for new clients like Carrefour in France, Dia in Spain, Edeka in Germany, Walgreen’s in the US), but failed to adjust its cost structure to the demands of private label manufacturing. When certain suppliers sharpened their payment conditions this accelerated CdB’s cash problems. The company filled for insolvency in October of last year. Varova has acquired the company through an asset deal where we continue with 185 out of 300 people, creating a much leaner and competitive organisation.



Elekno

Company: Elekno

Invested in:  September 2014

Status:  active, under management

Elekno, founded in 1993, is a full service electronics company. It has a rich history in designing and manufacturing electronics products and today is a leading company in developing and manufacturing LED drivers and modules. 

Today, the focus of Elekno is on the design and manufacturing of lighting and heat management related electronics. This includes everything throughout the entire life cycle of the product from creating product specifications to mass production. They are specialized in designing tailor made power sources for LED products and we are currently among the leading producers of tailored power solutions in Scandinavia. Our experience in producing entire LED-systems dates to 1998 when they produced the first ever LED based fuel price displays for that market. They have proven our drivers to exceed the 100.000 hour mark in life expectancy. The strong research and development department delivers optimized results, even in the most demanding projects that range from small devices in the few watt range to large, kilowatt scale systems that include advanced monitoring- and management functionality. They have long experience in EMC designing and master most RF-based wireless technologies. They have the capability to perform extensive production verification in-house with our partly automated devices. We also have access to the EMC-laboratory of the local University, where we can perform full scale EMC testing and verification.

About Viapaq Group:

Dutch-based Viapaq Group is a high-tech electronics company geared towards the lighting, automotive, medical and industrial markets. Its site in Rambouillet combines 10ppm quality standards with cost effective operations. Its operating companies Viapaq SRL from Italy and Elekno from Finland are specialized in the development and manufacturing of a full range of lighting electronics products and solutions, ranging from drivers and sensors to LED modules. 

The Viapaq Group is wholly owned by Utrecht (The Netherlands) based Varova. It was founded by Varova in July 2014 when Viapaq started operating on a standalone basis after being acquired by Varova from the German automotive giant Continental. It serves customers in a wide spectrum of high-tech markets, such as automotive, healthcare, high-tech, telecommunication and lighting industry.

Company: Tepcomp

Invested in:  April 2015

Status:  active, under management

Varova owned Viapaq Group, a leading high-tech electronics company, announced its next step in executing its investment and growth strategy through the acquisition of Turku (F) based Tepcomp. Tepcomp is an electronics development and manufacturing services company (EMS), specialized in lighting, medical and industrial applications. Its broad scope of solutions, including contract manufacturing, standard modules and custom-designed LED lighting solutions, are a valuable extension of the Viapaq Group's proposition in this area.

Combined with its recent acquisition of Elekno Finland (an LED technology specialist) Viapaq Group further expands its product portfolio and development capability in lighting applications and assumes a leading role in this field.

The manufacturing footprint of Tepcomp, with sites in Finland and Estonia, is highly complementary with Viapaq Group's existing operational set up in France, Italy and Finland. It gives the Group access to manufacturing capabilities stretching from prototyping to high volume manufacturing and manual assembly, all according to the highest quality and performance standards.


Paul Sandberg, CEO of the Viapaq Group: "based on our DNA to deliver the highest quality and standards through our 60 year history in the automotive industry we can offer the lighting industry differentiated, locally engineered high-quality electronic components such as LED boards, LED drivers and Controls. Varova's Patrick van Rossum continues, "We believe electronics are becoming more and more important for the development and production of LED lighting solutions. To capture the full innovation potential that LED is bringing to the lighting market and its customers, it is crucial to have access to local competences in order to develop and market complete intelligent lighting systems.' 

Pekka Leppälä, Tepcomp's CEO, is excited by the opportunity to join the Viapaq Group: 'Joining Viapaq Group will further bolster our position in the market, our ability to invest and enable us to better serve our customers with an extended proposition. I see great value in combining both company's strengths'. Pekka Leppälä will join the Viapaq Group's management team and assume the role of Managing Director of Viapaq in Finland, part of this role is to continue to lead Tepcomp.

Company: Tepcomp

Invested in:  April 2015

Status:  active, under management

Varova owned Viapaq Group, a leading high-tech electronics company, announced its next step in executing its investment and growth strategy through the acquisition of Turku (F) based Tepcomp. Tepcomp is an electronics development and manufacturing services company (EMS), specialized in lighting, medical and industrial applications. Its broad scope of solutions, including contract manufacturing, standard modules and custom-designed LED lighting solutions, are a valuable extension of the Viapaq Group's proposition in this area.

Combined with its recent acquisition of Elekno Finland (an LED technology specialist) Viapaq Group further expands its product portfolio and development capability in lighting applications and assumes a leading role in this field.

The manufacturing footprint of Tepcomp, with sites in Finland and Estonia, is highly complementary with Viapaq Group's existing operational set up in France, Italy and Finland. It gives the Group access to manufacturing capabilities stretching from prototyping to high volume manufacturing and manual assembly, all according to the highest quality and performance standards.


Paul Sandberg, CEO of the Viapaq Group: "based on our DNA to deliver the highest quality and standards through our 60 year history in the automotive industry we can offer the lighting industry differentiated, locally engineered high-quality electronic components such as LED boards, LED drivers and Controls. Varova's Patrick van Rossum continues, "We believe electronics are becoming more and more important for the development and production of LED lighting solutions. To capture the full innovation potential that LED is bringing to the lighting market and its customers, it is crucial to have access to local competences in order to develop and market complete intelligent lighting systems.' 

Pekka Leppälä, Tepcomp's CEO, is excited by the opportunity to join the Viapaq Group: 'Joining Viapaq Group will further bolster our position in the market, our ability to invest and enable us to better serve our customers with an extended proposition. I see great value in combining both company's strengths'. Pekka Leppälä will join the Viapaq Group's management team and assume the role of Managing Director of Viapaq in Finland, part of this role is to continue to lead Tepcomp.

Company: Tepcomp

Invested in:  April 2015

Status:  active, under management

Varova owned Viapaq Group, a leading high-tech electronics company, announced its next step in executing its investment and growth strategy through the acquisition of Turku (F) based Tepcomp. Tepcomp is an electronics development and manufacturing services company (EMS), specialized in lighting, medical and industrial applications. Its broad scope of solutions, including contract manufacturing, standard modules and custom-designed LED lighting solutions, are a valuable extension of the Viapaq Group's proposition in this area.

Combined with its recent acquisition of Elekno Finland (an LED technology specialist) Viapaq Group further expands its product portfolio and development capability in lighting applications and assumes a leading role in this field.

The manufacturing footprint of Tepcomp, with sites in Finland and Estonia, is highly complementary with Viapaq Group's existing operational set up in France, Italy and Finland. It gives the Group access to manufacturing capabilities stretching from prototyping to high volume manufacturing and manual assembly, all according to the highest quality and performance standards.


Paul Sandberg, CEO of the Viapaq Group: "based on our DNA to deliver the highest quality and standards through our 60 year history in the automotive industry we can offer the lighting industry differentiated, locally engineered high-quality electronic components such as LED boards, LED drivers and Controls. Varova's Patrick van Rossum continues, "We believe electronics are becoming more and more important for the development and production of LED lighting solutions. To capture the full innovation potential that LED is bringing to the lighting market and its customers, it is crucial to have access to local competences in order to develop and market complete intelligent lighting systems.' 

Pekka Leppälä, Tepcomp's CEO, is excited by the opportunity to join the Viapaq Group: 'Joining Viapaq Group will further bolster our position in the market, our ability to invest and enable us to better serve our customers with an extended proposition. I see great value in combining both company's strengths'. Pekka Leppälä will join the Viapaq Group's management team and assume the role of Managing Director of Viapaq in Finland, part of this role is to continue to lead Tepcomp.


Griven

Company: Griven

Invested in:  July 2014

Status:  active, under management

From March 2nd 2015 GRIVEN has become part of NORDEON GROUP, one of Europe leading lighting companies, to further strengthen the comprehensive offer to the international architectural lighting market.

The Nordeon-Group has further strengthened its comprehensive proposition to the architectural lighting market through the strategic acquisition of Italian based Griven. Griven specialises in architectural lighting solutions and is very complimentary to the Hess product portfolio and offerings to architects and lighting designers across the globe. As part of the Nordeon-Group, Griven will continue to operate independently under its own brand through its existing organisation and management team in Castel Goffredo, Italy.

Griven, a private limited company founded in 1990, has established itself as one of the world’s leading developers and manufacturers in the architectural lighting market. Griven’s comprehensive catalogue of proven quality, high reliability, and fully weatherproofed lighting fixtures, in combination with its in-depth knowledge in designing and programming lighting solutions, have placed it at the forefront of architectural lighting. Griven has always taken a lead position in the area of lighting technology, and started applying LED technologies as early as 2001.


Viapaq

Company: Viapaq

Invested in:  July 2014

Status:  active, under management

Continental has decided to sell its Printed Circuit Board (PCB) assembly site in France – Rambouillet - to Varova effective from July 1st 2014. The site will continue as a stand-alone company, Viapaq. Continental will continue to be an important partner of Viapaq and will support Varova in successfully establishing Viapaq as an independent supplier of PCBs for the automotive, lighting, medical and other high-tech industries.

The newly created Viapaq will be a high-tech PCB assembly & service company manufacturing high complexity PCBs in both low and high volumes. It will offer PCB services spanning the entire supply chain: from product development and layout optimization to logistic services and after sales support.

Viapaq builds on a long track record of supplying the automotive industry through its former parent company, Continental. Its quality management, process control, operational performance and development capabilities are of the highest standards. This legacy combined with Varova’s track record of successfully turning corporate carve outs into stand alone, healthy businesses, is a solid basis on which to further grow the activities in Rambouillet. Varova will invest substantially over the coming years - in people, technology and manufacturing assets - to assist Viapaq in successfully establishing itself as an independent company.

In addition, Varova’s portfolio company ‘The Nordeon Group’ –-one of Europe’s leading lighting companies - will form a strategic partnership with Viapaq for the development and manufacturing of LED engines and related technologies to be used in the Nordeon Group’s extensive portfolio of LED luminaires. This provides Viapaq with immediate access to new customers and markets.


Men at Work

Company:  Men at Work

Invested in:  September 2013 

Status:  active

Men at Work is one of the leading multi-brand retailers in the Benelux for denim and denim related brands like GSTAR, Diesel, Scotch & Soda, Tommy Hilfiger and Nudie. Men at Work has 42 stores in the Benelux and a rapidly growing webshop. With Varova on board as a new shareholder, Men at Work's position as a leading multi-brand denim retailer, will extend further. This does not mean that unprofitable stores over the next period will be divested. Especially in the current market, both parties see huge opportunities for the distinctive multi-brand retail proposition of Men at Work.

Men at Work remains a completely independent company and is not integrated with other companies in which Varova participates. However, Varova will look into potential synergies in procurement, logistics and retail.



Hess

Company:  Hess

Invested in:  August 2013 

Status:  active, under management

The Nordeon group, which belongs to Varova, takes over all assets necessary for the continuation of business operations from Hess AG at the site in Villingen-Schwenningen by way of an asset deal effective 1st October, 2013. The sales company of Hess located in Scandinavia and the production site and sales company of Hess in the USA are also acquired. The working conditions of about 180 Hess employees in total are being continued.

Hess offers a wide range of design-oriented luminaires and meets all requirements for lighting design in the public space as well as for the indoor and outdoor illumination of objects. The product portfolio is completed by premium street and site furnishings. Hess offers hereby a perfect combination of luminaires and street and site furnishings for holistic concepts of urban and landscape design.
Hess invests a great deal in the development of energy-efficient lighting products. When it comes to redesign and renovation of lighting, Hess is the right contact partner for cities and municipalities. Hess accompanies architects, planners, cities and builders from the design to the installation of luminaires and develops customised special solutions. Due to the special and distinctive design language and the already mentioned special solutions, Hess is considered in the market as a manufacture for high-quality and decorative outdoor lighting.
About 180 people are employed at the production sites in Villingen-Schwenningen and Gaffney (USA).





Vulkan

Company:  Vulkan

Invested in:  March 2013 

Status:  active, under management

On March 14th 2013 all assets, activities and people from Vulkan GmbH have been acquired by Nordeon. Vulkan’s long history and excellent track record in the development, manufacturing and sales of professional outdoor luminaires will further strengthen Nordeon’s position in the outdoor luminaires market in Germany and beyond.

Nordeon is a Dutch professional luminaire and lamps manufacturer with manufacturing sites in Springe in Germany and Chalon-sur-Saone in France. Nordeon was founded in October of 2012 with the acquisition of Philips’ professional luminaire manufacturing and development site in Springe by Varova. In December the group was further expanded with the acquisition of Philips’ professional lamps manufacturing site in Chalon.

Vulkan is a well known street lighting brand with high name recognition in cities and among utility companies in the German-speaking world.  Founded in 1898, Vulkan has more than a hundred years experience in the field of efficient street lighting.  From lighting up the banks of the Rhine river for the first time with electrical light in 1914, to the cityskyline of Cologne in 1928, to today where Vulkan is lighting up many cities like Römerstein and Stadthagen with their energy efficient LED luminaires. Lately Vulkan has developpped the Scape, a new range of LED luminaires for industrial usage, which was successfully used ao for Franken Guss in Kitzingen.

Vulkan’s product range is aimed primarily at the market for cost effective and efficient decorative functional lighting with high-quality, energy efficient solutions and the latest Led technology.

‘Vulkan’s strong brand name, product portfolio and team will accelerate our ambitions in the outdoor luminaire market. Furthermore, its industry product range is very complimentary to Nordeon’s.’, says Pierre van Lamsweerde, CEO of the Nordeon group.

Nordeon’s Springe site in Germany will become the new home of the Vulkan team and its activities. Nordeon Springe is a former AEG and Philips luminaires development and manufacturing site. It is one of Europe’s largest manufacturing sites of professional LED based luminaires for retail, industry and outdoor markets.

Nordeon Springe’s Managing Director Michael Bartesch is looking forward to the integration; ‘Our LED development capabilities and manufacturing platform will further enhance Vulkan’s product portfolio’.

Soeren Hjorth, Vulkan’s current CEO will join the Nordeon global management team as global sales director. In this role he will lead the commercial team and drive Nordeon’s sales in Europe and its export markets. ‘I truly believe that Nordeon is exactly the place where Vulkan needs to be at this point in time. This transfer will allow us to continue to deliver the value to our customers that they have gotten used to expecting from Vulkan.’

 

 


CSi

Company:  CSi

Invested in:  March 2013 

Status:  active, under management

In March 2013 Varova acquired a majority share in CSi, a company in palletizing and product handling systems in Raamsdonksveer, The Netherlands.

CSi, a former Stork company with production facilities in the Netherlands and Romania, has been successful for almost 50 years as a supplier of palletizing and product handling systems as well as sophisticated blanks handling equipment. Under management ownership, CSi has introduced new palletizing and conveying concepts delivering cost reduction and productivity improvement with short payback periods.With over 400 employees, CSi generated over 50 million euros revenues per annum.

Through innovation and working closely together with its customers, CSi has grown a strong customer base around the world. Today CSi can count many leading Fast Moving Consumer Goods manufacturers as loyal customers, as well as many companies within the packaging industry.

In recent years CSi has made several strategic steps towards reaching its ambitious development and market plans. The strong market position of CSi, strengthened with the thorough experience of Varova in industrial production and FMCG, are a solid starting point to realize CSi’s ambitions. Both teams share their passion for the product, customer base and strategic plans and their enthusiasm for this cooperation.

CSi (www.CSiportal.com) is a global leader in product handling at the end of production and packaging lines. CSi provides a complete package from initial consultancy and design to production, assembly, installation and commissioning. Furthermore CSi provides all the relevant services required throughout the life cycle of the installation. CSi maintains a strong market position around the world with a spread of customers including manufacturers of fast moving consumer goods, distributors and the packaging industry. CSi has built this position on the basis of the reliability of its products and services, standardized but with a strong ability to design bespoke solutions. The company has a continuous focus on innovation and a total commitment to customer satisfaction.


Marvell Glass

Company: Marvell Glass 

Invested in:  December 2012 

Status:  active, under management

For over 50 years Marvell has been a part of Philips Lighting, and producing high quality soda-lime tubular glass for lighting products. Nowadays Marvell offers a wide range of tubular glass for a wide range of applications, such as; pharmaceutical, laboratory, (food) packaging, and interior design.

An extensive investment and construction program has been initiated to realize a rapid transformation of the furnace and manufacturing environment in order to be able to produce high quality borosilicate glass tubes. Felix Zwaryszczuk, the site’s general manager says: "I truly believe this transaction will create a credible and viable long term business perspective for the Chalon glass manufacturing operation. The market for borosilicate glass is highly attractive and has a very healthy long term outlook. Moreover, it will not only preserve but also create new jobs on site, as significant investment will be made in terms of people, capabilities and technologies."


Nordeon Lamps

Company:  NORDEON Lamps 

Invested in:  December 2012 

Status:  active, under management

Philips Lighting, part of Royal Philips Electronics N.V. decided to sell its linear fluorescent lighting (TL) manufacturing site in Chalon-‐sur-Saone to Varova per December 3rd, 2012. The lighting manufacturing activities continue under the name NORDEON. NORDEON Lamps will continue to manufacture and supply both standard and specialty lamps to the market. NORDEON will continue to be an important supplier of linear fluorescent lighting to Philips. 

As a former Philips site, NORDEON Lamps has broad experience in the manufacturing of standard and specialty linear fluorescent lighting. In spite of the global ledification trend, the market for linear fluorescent lighting is expected to be stable in the long run. This is driven by the the combination of low cost and high energy efficiency of linear fluorescent lighting.  

NORDEON plans to invest significantly in further building technical and commercial capabilities to develop a proposition in marketing and selling linear fluorescent lamps into its key markets: industrial, retail and office. Felix Zwaryszczuk, the site’s general manager says: “This transaction creates a very solid foundation for the Chalon lamp manufacturing activities in the long run. This foundation is further strengthened by the combination of Chalon’s product range, capabilities and manufacturing platform, and Varova’s excellent track record in building stand-alone businesses out of corporate divestments.”



Nordeon Luminaires

Company:  NORDEON GMBH

Invested in:  October 2012 

Status:  active, under management

Philips Lighting B.V., part of Royal Philips Electronics N.V. has decided to sell its professional luminaires manufacturing and warehousing site in Springe, Germany to Varova per October 1st 2012. The former Philips Springe site will continue as an independent company under its new name: NORDEON GmbH. NORDEON specializes in the development and manufacturing of professional luminaires for retail, office, industrial and road lighting, based on conventional and LED technology. In addition, in the coming years it will continue to be an important supplier of indoor and outdoor luminaires to Philips.

As a former AEG and later Philips site, NORDEON taps into almost half a century of experience in the area of lighting design and manufacturing and has a broad base of technical capabilities in the areas of conventional and LED lighting.

NORDEON will use this base to develop and manufacture luminaires for retail, office, industrial and road lighting as well as for OEM clients.

Michael Bartesch, the site’s Managing Director, says: ‘The Springe site boasts a flexible and LEAN manufacturing environment, a strong design and development base, a solid track record in quality and reliability and most importantly: 180 highly motivated and skilled employees. Varova has extensive capabilities and experience in the area of successfully developing standalone businesses out of corporate divestments. This combination gives me a lot of confidence in the future of NORDEON.’


Sissy-Boy

In June 2012 Varova acquired a majority share in Sissy-Boy, a fashion retailer based in Beverwijk, The Netherlands. 

Company:  Sissy-Boy 

Invested in:  June 2012 

Status:  active, under management

Sissy-Boy is a Dutch retail brand, founded in 1982 by Michael Smit. At Sissy-Boy you can buy wearable quality
clothing, as well as interior and health care products. Sissy-Boy is a complete concept, a store for the entire
family. Because we work with our own creative and technical experts, we can guarantee delivery of authentic
Dutch quality products of international prestige at any given time.
To ensure continuity in approach, vision and personality, Sissy-Boy does not cooperate with external agencies.
We design our clothing ourselves, we develop our own fabrics and we also control production. All
image creation, including the collection brochure and the interior of our stores, is done in-house.
Regardless of where you pop in, every branch-store and component of Sissy-Boy have their own character.
You are surprised, stimulated and welcomed by enthusiast staff members who love to think along with you.
All Sissy-Boy stores have a pleasant and inviting atmosphere, making them great places to shop. Honest and
no-nonsense. Feel free to be inspired by this unique environment!


The basis of Sissy-Boy are Special Basics - wearable quality clothing. Special Basics originated from the philosophy
that the power of clothing is determined by the person wearing it, not by the expectations of the
outside world. Only personality provides clothing its full expression. At Sissy-Boy, we have an extensive collection
that is renewed and updated throughout the entire year. Our own inspirational sources, colors and
shapes are the basis for the unique personality of Sissy-Boy. We are always looking for the right combination
of simplicity, comfort and excellence to create high-quality Special Basics that outlast a season, in style as
well as superiority.

Sissy-Boy Homeland is Sissy-Boy’s refreshing vision on clothing and interior. Besides
the latest collections for men, women and the Junior line for kids, you will find a unique combination of
old and new tables, cabinets and chairs, quilts, magnificent tea sets, lighting, mirrors, glassware, wallpaper,
candles and candlesticks. There is also an extensive collection of care products, including traditional
Moroccan hamam bathing products and French olive oil-based soaps. Since 2009, we also have our own
beautiful towel and care line with the Sissy-Boy Homeland label. Our goal is a multifaceted product range,
produced under our own label.

At Sissy-Boy Daily the aroma of coffee and freshly-baked bread greets you. You can pull up a chair for a delicious
breakfast or a lunch with soups that change daily, but also, for example, for a cappuccino with a fresh
blueberry muffin or granny’s apple pie. Traditional regional products are used. What makes Sissy-Boy truly
unique, is the fact that all available items are for sale. From the roll that you eat, the drink that you drink,
the plate you’re eating from and the cutlery, to the chairs and tables. 


Purple

In January 2008 MAG45 acquired a majority share in Purple Ltd from Ireland.

Company:  Purple

Invested in:  February 2008

Status:  active, under management

Purple is an Integrated Supply company with customers in the United Kingdom and Ireland.

Purple is a leading Integrator in the area of MRO-supply (maintenance, repair and operations) with a strong position in the food processing industry. It has grown rapidly and profitably over the past five years.

Having a majority share in Purple enables MAG45 to further build its customer base in the food processing industry, and to strengthen its proposition to its existing customers in the UK and Irish market.


GSL

In May 2011, MAG45 acquired Global Spare Parts Lighting (GSL) from Philips Lighting, a subsidiary of Royal Philips Lighting

Company: GSL

Invested in: May 2011

Status: active, under management

Within Philips Lighting, GLS is responsible for purchasing, managing and delivering technical components to support the Philips Lighting production facilities globally. For the continuity and up-time of its production the supply of these components is critical for Philips.


GSUS

Company:   GSUS Industries

Invested in :  July 2010

Status:  active, under management

GSUS INDUSTRIES is a Dutch fashion brand with presence in more than 20 countries. GSUS INDUSTRIES, founded in 1993 successfully built an image as a rebel design brand with a very colorful look. The company peaked in 2005 with a successful adult portfolio, kids portfolio and 14 own retail stores. The growth of fast fashion brands and the many newly launched GSUS copycats led to a decline during the past 4 years. Varova together with new management helps to reposition the brand, fix the fundamentals of the organization and grow the brand in Benelux and some selected foreign markets.


Tumble 'N Dry

Company: Tumble 'N Dry (before BPC Amersfoort BV)

Invested in :  August 2011

Status:  active, under management

Varova Investments has acquired a majority stake in BPC Amersfoort BV, the Dutch-based fashion company with its brands Tumble ‘N Dry (www.tumblendry.com) and B Basic and B Functional by Bram’s Paris (www.bramsparis.com).

Varova’s acquisition enables BPC Amersfoort to accelerate future growth and internationalization. In the last four years BPC Amersfoort has established a strong position in the children’s wear fashion market through its brand Tumble 'N Dry. Tumble 'N Dry is one of the fastest growing children’s wear brands. B Basic & B Functional by Bram’s Paris are known for their never-out-of-stock pants and work wear.

 


K.O.I.

Company :  K.O.I.

Invested in:  November 2011

Status:  active, under management

K.O.I. is a Denim Fashion start-up founded by former managing director of Kuyichi Tony Tonnaer. The team constists of a highly experienced brand builder and a leading Dutch denim designer.

K.O.I. stands for Kings Of Indigo, making jeans with a great fit and a conscience. K.O.I. is a Japanese carp, a century old sign representing luck, love and perseverance. K.O.I. mixes American authentic heritage with a fresh Japanese eye for detail and quality.

Varova helps K.O.I. by financing growth and by providing back office services through its other Fashion companies.


MRO Industries

As part of its buy-and-build strategy MAG45 acquired MRO Industries from Nimbus Investments in November 2007.

Company:  MRO Industries

Invested in:  January 2008

Status:  active, under management

With a strong customer base in Belgium and the Netherlands, MRO Industries had developed itself into a leading Industrial Wholesaler. Its product portfolio and capabilities are centered around electro-technical components and tools.
From a portfolio and geographical perspective, this acquisition is an important step in fulfilling MAG45s strategy of becoming a leading Integrated Supply company in the area of MRO in Europe.


 


Cyrus

In September of 2009 Varova acquired a stake in Cyrus Audio as part of its buy-and-build strategy with High-End Audio group Rephica

Company:  Cyrus

Invested in:  September 2009

Status:  active

Cyrus is one of the leading manufacturers of high-end audio equipment in the United Kingdom. Cyrus has earned world-wide critical acclaim across a broad range of system options from AV systems through to the latest hard disc media servers, with the common denominator being audio performance.