Karmijn Kapitaal

Karmijn Kapitaal is a Netherlands-based private equity and venture capital firm that targets non-listed small and mid-sized companies in the Netherlands, with an emphasis on mature, growth- and transition-oriented investments such as growth capital, late-stage rounds, management buyouts and buy-ins, including corporate spin-offs and ownership transitions within family-owned businesses. Based in Amsterdam, the firm seeks companies with at least five years of operating history and typically invests equity between €2 million and €12.5 million in companies generating €5 million to €50 million in revenue and EBITDA of at least €1 million, taking either majority stakes or substantial minority positions (>5%). It focuses on sectors including production, trade and services, while avoiding financial institutions, other funds, real estate, and biotech. The firm also emphasizes governance with women in leadership or a balanced gender mix in management.

Ignacio Bruin

Associate Transaction Manager

Hadewych Cels

Co-Founder, Partner and Head Waardeteam

Quinten Hoogeboom

Associate Transaction Manager

Freerk Smit

Partner and CFO

Brigitte Van Der Maarel

Managing Partner

Nicole Zomerhuis

Investment Associate

Claire de Jager

Investment Manager

Désirée van Boxtel

Co-Founder and Associate Partner

Ad van Herpen

Senior Investment Manager

Cecile van Riele

Investment Analyst

Past deals in Netherlands

FiveDegrees

Venture Round in 2020
Five Degrees is a financial technology solutions provider based in Amsterdam, Netherlands, specializing in next-generation banking software for retail and private banks. The company's primary offering, the Matrix platform, serves as a fully automated banking services solution, accommodating various segments, products, and channels through a mid-office environment that integrates with both legacy systems and its own back office. Five Degrees enables banks, lenders, and financial institutions to deliver a wide array of banking services, including SME lending, retail lending, leasing, transactional accounts, and mortgage services, all accessible via the Internet. Additionally, the company supports clients throughout the entire value chain, offering project management, technical expertise, training for users and maintenance staff, and infrastructure management support. Founded in 2009, Five Degrees is committed to enhancing the banking experience for its clients and their customers.

Gielissen Interiors & Exhibitions

Private Equity Round in 2017
Gielissen is a full-service partner specializing in interior projects, exhibition presentations, and the organization of events and conferences. With a customer-centric approach encapsulated in its motto 'growing together,' Gielissen has established itself as the European market leader over its 80 years of operation. The company, headquartered in Halfweg, Netherlands, offers a range of services for various events, including retail occasions, trade shows, expos, and conventions, catering to both large and small-scale needs. Gielissen maintains a global presence with offices in the Netherlands, Germany, Belgium, the United Kingdom, Dubai, and the United States, focusing on creating inspiring environments that facilitate effective communication and help clients achieve their objectives.

FiveDegrees

Venture Round in 2016
Five Degrees is a financial technology solutions provider based in Amsterdam, Netherlands, specializing in next-generation banking software for retail and private banks. The company's primary offering, the Matrix platform, serves as a fully automated banking services solution, accommodating various segments, products, and channels through a mid-office environment that integrates with both legacy systems and its own back office. Five Degrees enables banks, lenders, and financial institutions to deliver a wide array of banking services, including SME lending, retail lending, leasing, transactional accounts, and mortgage services, all accessible via the Internet. Additionally, the company supports clients throughout the entire value chain, offering project management, technical expertise, training for users and maintenance staff, and infrastructure management support. Founded in 2009, Five Degrees is committed to enhancing the banking experience for its clients and their customers.

Kunst.nl

Acquisition in 2016
Kunst.nl is a provider of business-to-business art rental services, catering to the private art market in the Netherlands and Belgium. The company operates a corporate art library that offers a diverse selection of art and paintings for approximately 2,000 clients. Kunst.nl specializes in the rental, sale, and collection management of artwork, allowing organizations and individuals to enhance their spaces with art that inspires and motivates. By focusing on the impact of art in shaping the image of an organization, Kunst.nl aims to create meaningful connections between art and its audience.

Opdidakt

Acquisition in 2016
Opdidakt Groep is a national organization based in the Netherlands, specializing in learning development and psychological care for children. With 30 branches and approximately 400 employees, Opdidakt conducts research into various learning disabilities such as dyslexia and dyscalculia, as well as behavioral and developmental issues like ADHD and autism. The company offers comprehensive guidance in both didactic and social-emotional areas, providing coordinated treatments under one roof. Opdidakt has contracts with municipalities for mental health care pathways and reimbursed dyslexia care, ensuring no waiting lists and short processing times. The organization has expanded through acquisitions to enhance its service offerings and manage administrative tasks related to youth care legislation.

Jopen BV

Private Equity Round in 2015
Jopen BV is a brewery based in Haarlem, recognized for its high-quality specialty beers that are both distinctive and authentic. The company has evolved from a regional brewery to a brand with a national and international presence, earning accolades for its products, including the title of Europe's Best Strong Dark Ale at the 2014 World Beer Awards and multiple gold medals at the Dutch Beer Challenge Awards in 2015. Jopen produces a diverse range of beers, encompassing both traditional and contemporary styles crafted from age-old recipes. This variety allows the company to cater to the craft brewery market, offering both alcoholic and non-alcoholic options to meet customer preferences.

Tuvalu Media

Venture Round in 2013
Tuvalu Media is a Dutch company specializing in the creation and production of multimedia content for various platforms. It develops television programs, drama series, feature films, and documentaries for public and commercial broadcasters both within the Netherlands and internationally, including major networks like Discovery Channel and National Geographic. Additionally, Tuvalu Media produces content for businesses, government entities, and non-profit organizations, ensuring high-quality entertainment and factual audiovisual content is available globally.
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