Investcorp has agreed to acquire SPGPrints Group BV, which makes a wide range of products for textile and graphics printing -- from screens, lacquers, inks and digital engraving tools to rotary screens and digital printing systems. SPGPrints, based in Boxmeer, the Netherlands, also manufactures precision metal parts. Terms of the transaction were not disclosed.
Manama, Bahrain-based Investcorp, which also has offices in New York, London, Saudi Arabia and Abu Dhabi, says it plans to grow SPGPrints organically and through add-on acquisitions, continuing to drive international expansion.
The deal marks Investcorp’s fifth purchase in 12 months. In April, Investcorp teamed up with Freeman Spogli & Co. to buy Isotoner Corp., the maker of Totes and Isotoner umbrellas, from PE firms MidOcean Partners and Bruckmann Rosser Sherrill & Co.
Previous acquisitions include Paper Source Inc., which sells gifts, stationary and crafting supplies; Tyrrells Potato Crisps for about $152 million and Namet, a Turkish producer of processed meat products. Investcorp also owns SourceMedia, the publisher of Mergers & Acquisitions.
The sale marks an exit for Bencis Capital Partners, which acquired SPGPrints in 2007 when it operated under the name Stork Prints. The company changed its name in November.
Private equity firm Bencis, which has offices in the Netherlands and Belgium, focuses on investing in manufacturing, food, business services, health care and retail companies. The firm's portfolio includes Morubel, a frozen-seafood business, Tandvitaal, a dental care group and Shoeby Fashion, a retailer.