H2 Equity Partners sells Jet Group to Egeria

H2 Equity Partners (“H2”) is pleased to announce that on March 14, 2014, it entered into an agreement with Dutch private equity firm Egeria (“Egeria”) for the intended sale of JET Group Holding B.V (“JET”).

JET is a premium provider of high quality rooflight & ventilation and fire safety solutions across a scalable pan-European model. JET designs, installs and maintains modular solutions designed for flat roofs, providing natural light source, natural air ventilation, and smoke and heat exhaust ventilation. The company’s product set addresses the industrial, commercial / public and residential end-markets, and is well-aligned with key themes in the construction industry, such as energy and sustainability, comfort and safety, and smart building technologies.

Under the ownership of H2, JET has created a strategically optimized operational platform, with manufacturing capabilities in Germany and The Netherlands, and a direct sales footprint spanning Denmark, Poland, Switzerland and the UK. JET addresses its home markets through both builders merchants and contractors, while an extensive network of value-added resellers supports the company’s successful expert strategy across Europe. JET supports its large installed base in Germany with a team of service and maintenance professionals. This enables JET to deliver a comprehensive solution for the customer, while delivering superior performance for the company. Through its integrated business model and comprehensive product and service offering, JET is uniquely positioned across the entire value chain, enchancing its reputation as a “full service provider”.

From this excellent starting position, Egeria plans to further develop JET’s operations across Europe and accelerate its growth through add-on acquisitons.

William Blair & Company acted as corporate finance advisor, Houthoff Buruma as legal advisor, Deloitte as financial advisor and KPMG Meijburg as tax advisor to JET and H2 in this transaction.

Awaiting regulatory approvals, the transaction is expected to be completed in Q2 2014.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.