December 7, 2021

Nordian Capital Partners teams up with fast-growing renovation and maintenance company Biltz Group

Amsterdam, December 7, 2021 - Biltz Group, leader in maintenance and renovation for the residential and commercial market, chooses investment company Nordian Capital Partners as majority shareholder for its next phase of growth. The acquisition will enable Biltz Group to further expand its leading position in sustainable renovation and maintenance in the Amsterdam-Utrecht-Rotterdam triangle.

Biltz Group (Biltz/Mouton/TBK) is leading in greater Amsterdam within both housing corporations and institutional investors in the field of sustainable renovation and maintenance of residential and non-residential real estate. With Nordian as its majority shareholder, Biltz Group wants to further expand this position.

Michel Hilligehekken, member of the Board of Directors of Biltz Group: “In recent years Biltz Group has shown strong growth both in activities as in turnover. In order to realise our growth ambition to sustainably broaden and deepen our full range of services in the triangle Amsterdam-Utrecht-Rotterdam, we wanted to attract a strong partner and co-shareholder. We found this partner in Nordian Capital Partners. Nordian fits us well with their entrepreneurial and personal approach. Besides additional financial strength they give both management and the company the space and support where it works best for us. Nordian stipulates that all its partners operate as CO2-neutral as possible, which fits in seamlessly with our own ambitions. For us, this choice was therefore clear.”

Perry Bos, managing partner at Nordian: “Biltz is a refreshing, highly driven and well-run company that knows how to grow in a dynamic and demanding market. The increasing need for starter homes; the renovation into lifetime-compatible homes; the energy transition and the need for sustainability offers enormous opportunities for this company. They are at the forefront of developments, knowledge, services and cooperation. Biltz Group employs a successful ‘buy and build’ strategy, as it did with Mouton and TBK joining the group. This partnership provides additional opportunities for Biltz to accelerate their strategy, geographic expansion and strong corporate culture - and to continue investing in innovation, knowledge and process control. We look forward to working with the company’s management, who will stay on as directors and shareholders, to shape Biltz Group’s new phase of growth.”

The transaction has been notified to the Authority for the Consumer & Market (ACM) for approval.

About Biltz/Mouton/TBK
Biltz (biltz.nl), together with Mouton and TBK, is a nationwide maintenance company for the residential and commercial market with a comprehensive range of disciplines. All-round structural renovations, fire prevention, upholstery, painting, concrete technology, project design, property maintenance, thermal insulation, frame replacement, service- and mutation maintenance, installation technology (E/W/S) and result-oriented cooperation (RGS). An expanding range of mutually reinforcing disciplines, supported by a continuously sharpened market vision. As a result, Biltz acts as a long-term one-stop-shop for a large part of its customers. In 2021, Biltz Group has 175 employees and a turnover of over 65 million euros.

About Nordian Capital
Nordian Capital (nordian.nl) is an independent Dutch private equity investor focused on increasing and accelerating the growth of companies. Since its founding in 2014, Nordian has contributed to more than 30 companies as a critical and committed investment partner. Nordian Capital Partners offers proactive support in the areas of strategy, financing and mergers & acquisitions. Nordian does not take the management’s seat but facilitates entrepreneurs to do what they do best: running their business.