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IceLake secures financing for the acquisition of D. Van Der Steen to expand road maintenance services

May 13, 2024•over 1 year ago

Acquiring Company

IceLake

Acquired Company

D. Van Der Steen (VDS)

AmsterdamUtrechtAngel InvestmentVenture CapitalFinanceFinancial ServicesBuilding Maintenance

Description

Crescent Capital Group LP, through its European Specialty Lending strategy, has provided financing to support IceLake's acquisition of D. Van Der Steen (VDS). The partnership aims to expand VDS's presence throughout the Netherlands and strengthen its infrastructure and road maintenance services, further solidifying its position as a top asphalt maintenance and road specialist in the country.

Company Information

Company

IceLake

Location

Amsterdam, North Holland, Netherlands

About

IceLake Capital is a private equity fund with a focus on buyouts of medium-sized companies. We actively support the growth strategies of these companies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed