Investcorp to acquire SPGPrints, its fifth acquisition in 12 months

MANAMA: Investcorp, a Bahrain-based an alternative investment manager to acquire SPGPrints Group for an enterprise value of 240 million euros ($327m). SPGPrints established in 1947 is a leading global provider of integrated solutions for rotary screen and digital printing for textiles and graphic applications.

This will be Investcorp’s fifth successful acquisition in 12 months.

Headquartered in Boxmeer, the Netherlands, the company is represented in more than 100 countries. In 2013, it generated revenue of $110m, a large share of which was from emerging markets.

Investcorp Gulf Business president Mohammed Al Shroogi said that they have followed SPGPrints for a long time and were attracted by its differentiated, global rotary screen business, its innovative digital inks activities, attractive precision metals offering and entrepreneurial management team.

They are excited to now have the opportunity to partner with the management as they seek to help accelerate the company’s growth, both organically and through appropriate add-on acquisitions, and to drive continued international expansion.

There are many parallels to other portfolio companies in which they have made investment and they look forward to applying such knowledge to SPGPrints, particularly with respect to digital inks.

SPGPrints chief executive D W Joustra stated that their company was also impressed by Invescorp’s long track record of working with the management teams of its portfolio companies to help them expand into new markets on an international scale.

With a truly global presence, they believe that Investcorp is a complementary partner for SPGPrints and one that will provide them with the solid capital base required to help them realise the full growth potential of the business, including through add-on acquisitions.