Levine Leichtman Capital Partners (“LLCP”), a private private equity company based in Los Angeles, announced today that she had made an agreement on the sale of her portfolio company NMI Group (“NMI” or the “company”) to BridgePoint, a private growth investor. The financial conditions of the transaction were not announced, and the conclusion of the transaction is subject to the usual official permits and the advice from the works council.
NMI has its headquarters in Delft, the Netherlands, and is a leading company in the European test, inspection and certification industry (“TIC”), which supplies complex products with business-critical security services throughout their life cycle. NMI was founded in 1873 and ensures that systems and devices that shape our daily life – such as the charging infrastructure for electric vehicles, intelligent electricity meters, medical devices and mobile payment technologies are – precisely, compliant and future -proof.
During LLCP’s ownership, NMI’s turnover through industry-leading organic growth and the successful implementation of a Buy-and-Build strategy more than quadrupled. Since 2020, the company has made eight strategic acquisitions that enlarged the geographical presence of NMI and expanded its national and global portfolio of accreditations. This led to an enormous expansion of the addressable market and an increase in the workforce from 80 to over 300 employees.
Josh Kaufman, Head of LLCP Europe, said: “NMI was a very successful investment for LLCP, and we are proud to have supported the company and its management team in building a market leading platform that is well positioned for further growth.”
Luc Sandmann, director of LLCP Benelux, added: “The significant transformation of NMI during our ownership is a prime example of our industry expertise and our value creation concept. We are pleased that we have supported NMI in this impressive growth in the past five years.
Yvo Jansen, CEO of NMI, commented: “Our entire team is grateful for the close support and cooperation with LLCP in this phase of unprecedented growth. The strategic insights, industry knowledge and productive cooperation between LLCP have made a decisive contribution to the fact that we were able to expand our business. With a strong foundation in the back, NMI is ready to support a new partner to open.
The sale of NMI is the first exit of LLCP Europe II SCSP and will be the 24th successful exit from LLCP since 2020.
Houlihan Lokey (leading) and Rothschild & Co. acted as a financial advisor, and Nautadutilh NV was a legal advisor from LLCP and NMI in connection with the transaction.
Via Levine Leichtman Capital Partners Levine Leichtman Capital Partners, LLC is a medium-sized private equity company that has been investing in various target sectors for 41 years, including business services, franchising & multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP uses a differentiated structured-private investment strategy that combines foreign and equity investments in portfolio companies. LLCP is of the opinion that the investment in a combination of guilt and equity titles offers the management teams growth capital in a highly tailor-made, flexible investment structure that can be a more attractive alternative as a traditional private capital capital.
LLCP’s Globales team of committed investment experts is managed by 9 partners who have been working on average at LLCP for 19 years. Since its foundation, LLCP has managed around $ 17.2 billion in institutional capital in 15 investment funds and has invested in over 100 portfolio companies. LLCP is currently managing a fortune of $ 11.1 billion and has branches in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.