- MegaGroup is headquartered in Veghel, Netherlands
- Sun European is a private investment advisory firm based in London
- The firm has invested in over 500 companies worldwide with revenues more than €40bn
Sun European Partners will acquire MegaGroup, a wholesaler of water technic products serving installers, professional end-users, resellers, and original equipment manufacturers across Northwestern Europe. No financial details of the transaction were disclosed.
MegaGroup is headquartered in Veghel, Netherlands.
The acquisition is subject to relevant regulatory approvals.
“We think there are fantastic opportunities to further grow MegaGroup both organically, building on its omnichannel capabilities and portfolio breadth, as well as through selective acquisitions across existing and new markets, whilst building on their past acquisitions and further integrating these,” said Paul Daccus, MD of Sun European.
An affiliate of Sun European acquired Architectural Surfaces Group (ASG).
Sun European is a private investment advisory firm, focused on partnering with outstanding management teams to accelerate value creation. The firm has invested in over 500 companies worldwide with revenues more than €40 billion. It is based in London.
Sun European was assisted by Alantra (M&A advisor), DLA Piper (legal advisor), and KPMG (financial & tax advisor).