Investor Berk Partners private equity acquires a stake in Technotape from Baarn

Beschrijving

Investment fund Berk Partners has acquired a substantial interest in the Baarn-based company Technotape BV as of April 30, 2021. Technotape specializes in everything related to personalized sublimation. Sublimation is the technique that makes it possible to make photo-realistic prints. The goods that the company offers include: products on which the printing (sublimation) takes place (such as mugs, puzzles and phone cases), but also printing equipment and printing supplies.

Activity

Technotape is the specialist in the field of unburdening (online) shops with individualized products for private (end)customers and knows how to distinguish itself as a supplier through quality, reliability and a broad product range. Technotape sells its products worldwide. Customers include photo processing companies, online retailers that sell personalized products and distributors with a high volume.

In the broader market of personalization of products, sublimation (photorealistic printing) has grown steadily in recent years and has become an important niche market. This growth is expected to continue in the coming years. The corona crisis has had a positive effect on the demand for Technotape’s products.

As a producer, Technotape bears responsibility for the environment, in line with the ESG objectives of investment company Berk Partners. Technotape therefore closely follows the development of sustainable, biodegradable and recycled materials and will – where possible and desired – apply these products and present the various options to customers.

Transaction

The transaction is a combination of an MBI (management buy-in) and a pre-exit. Berk Partners Groeifonds joined as a shareholder on April 30, 2021. Mr. Patrick van Styrum has joined as a new shareholder and director and the current owner, Mr. Bonne Klein Woolthuis, will remain co-shareholder and director. Together they form the driving force behind Technotape and will focus on the further development of Technotape in the coming years. The focus remains on offering sublimation products.

New co-owner and CEO Patrick van Styrum has a broad background in FMCG and promotional gifts and is looking forward to taking over the operational leadership of the company. Patrick has worked at Heineken, among others, and has previously been the founder / owner of a company in relation articles.

Van Styrum foresees interesting growth opportunities. “With the involvement of Berk Partners, we can further expand internationally, professionalize and the networks of Berk Partners are also available for Technotape.” says Van Styrum.