"We were looking for an experienced, reliable long-term partner to support us financially, so that we can continue to pursue our sustainable growth ambitions on an international scale. It was also essential for us to be able to keep working with the current management team on an operational level," states Dirk Maris, one of four current Konings shareholders. "We are convinced we have found the right partner in BNP Paribas Fortis Private Equity. It has all the right expertise to help us to achieve our long-term goals."
Konings is the fifth promising company BNP Paribas Fortis Private Equity is investing in this year. Raf Moons, Head of BNP Paribas Fortis Private Equity: "Konings has all the characteristics of a strong company. It has a phenomenal track record of profitable growth, sound management and excellent growth prospects. Konings responds very well to new trends in the beverage world. Our belief in the company is reflected in our significant investment, which will allow Konings to achieve its expansion plans in a sustainable way. This is fully in line with BNP Paribas Fortis Private Equity’s mission to help Belgian companies with their strategy and business plan."
Konings is celebrating its 75th anniversary this year. The company initially produced Dutch gin, followed by cider and fruit juices. The relationship between Konings and BNP Paribas Fortis started in 2007. At this time, Konings was taken over by Jos Rutten, Dirk Maris, Luc Nulens and Jef Moors in a management buy-out. The bank helped with the management buy-out and in the following years supported the expansion plans of the Limburg-based company. Konings has now become a leading player in the international beverage industry.
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About:
Konings (www.konings.be) was established in 1946. As a co-packer and independent beverage manufacturer, it specialises in the creation, production and filling of alcoholic and non-alcoholic beverages in glass bottles, cans, PET and Tetra Pak packaging. The company is committed to flexibility, service and being a one-stop shop for its clients. Konings focuses on the complexity of its production and bottling processes so that its clients – often major beverage brands – can concentrate on selling and marketing their products. Konings currently has 680 employees spread across six locations: three in Belgium and one each in the UK, France and Netherlands. Last year, Konings was one of four nominees for the Company of the Year 2020 award.
BNP Paribas Fortis Private Equity (https://companies.bnpparibasfortis.be/PrivateEquity) is the risk capital company of BNP Paribas Fortis and has been operating in the private equity market in Belgium since the 1980s. BNP Paribas Fortis Private Equity currently acquires minority stakes and provides mezzanine financing to high-performance medium-sized companies. BNP Paribas Fortis Private Equity also invests in specialised venture capital and private equity funds in the Belgian market. Direct holdings of BNP Paribas Fortis Private Equity include Studio 100, JAC, eTheRNA, Novy, Penne, Quality Assistance and PointChaud.
BNP Paribas Fortis (www.bnpparibasfortis.com) offers a total package of financial services to private individuals, the self-employed, professionals, companies and public institutions in Belgium. As an affiliated insurance agent, BNP Paribas Fortis also works closely with AG Insurance, a leader in the Belgian market. The bank also provides bespoke international solutions to affluent private individuals, major enterprises and public and financial organisations. It benefits from the expertise and worldwide network of the BNP Paribas Group.
Press contact for Konings:
Mr Yves Panneels | Press Officer
+32 (0)498 522 322
konings@force3.eu
