Mentha Capital

Mentha Capital is an independent private equity firm based in Amsterdam, Netherlands, focusing on investments in smaller midsize companies in the Benelux region, with emphasis on the lower mid-market in the Netherlands and Flanders. Backed by a selective group of investors with a long-term horizon, the firm pursues buyout investments in the Benelux and Western Europe.

Peter Johansen

Partner

Edo Pfennings

Partner

Past deals in Netherlands

Bright River

Private Equity Round in 2021
Founded in 2006, Bright River is a leading global provider of visual content solutions for e-commerce brands and retailers. With headquarters in Haarlem, the Netherlands, and New York, USA, they empower clients to enhance online shopping experiences, increase revenue, and optimize product returns through end-to-end services such as visual product analysis, image editing, and CGI creation.

Rapid Circle

Acquisition in 2020
Rapid Circle B.V. is a cloud software company that specializes in facilitating the transition and management of Microsoft cloud-based applications and infrastructures. Founded in 2008 and headquartered in Amsterdam, with additional locations in Pune, India, and Melbourne, Australia, the company provides guidance and strategic support for various Microsoft services, including Office 365, Azure, Dynamics 365, Windows 10, and Xamarin. Rapid Circle assists organizations in their digital transformation by offering cloud workplace solutions and managed cloud services, which encompass data center migration, adoption and change management, and other cloud services. These offerings aim to enhance productivity, improve internal communication, and foster collaboration, ultimately preparing companies for ongoing changes in the digital landscape.

Van Vulpen

Private Equity Round in 2019
Van Vulpen B.V. is a Netherlands-based company established in 1966 that specializes in designing and constructing underground infrastructure networks. The company provides a range of contract construction services, including the installation and replacement of gas, electricity, and drinking water pipes, as well as the construction of wastewater management plants. Additionally, Van Vulpen is involved in making network adjustments for wind and solar power plants and maintaining gas supply pipelines. The company also offers engineering and consulting services with a focus on infrastructure and environmental projects, conducting evaluations and delivering reports to enhance project outcomes. Its team of planners and designers is dedicated to identifying risks and implementing safety measures to protect workers during the construction of underground networks.

Nefco BV

Acquisition in 2016
Nefco BV is a prominent distributor of liquefied petroleum gas (LPG) in the Netherlands, specializing in propane under the brand OK Gas and automotive fuel gas branded as Max autogas. Founded in 2004 and headquartered in Waardenburg, the company operates an LPG depot in Tiel and serves as a key player in the wholesale market. Nefco is recognized as one of Northwest Europe's largest retailers of LPG, supplying gas to petrol stations and end users, including major oil companies and gas suppliers. The company is committed to providing reliable service and maintaining high-quality standards for its diverse customer base.

Optimum Group

Acquisition in 2014
Optimum Group B.V., founded in 1995 and based in Alkmaar, the Netherlands, is a collective of printing companies specializing in UV flexo and digital printing. The group focuses on self-adhesive labels and flexible packaging, catering to various industries including food, retail, cosmetics, pharmaceuticals, home and personal care, logistics, and chemicals. It is recognized as a leading player in the Benelux market, with member companies such as Etiket Nederland, Vila Etiketten, Specialised Printer Max. Aarts, W&R Etiketten, and Express Printing Business (EPB) in Belgium. Each company operates independently while maintaining close management collaboration within the group, ensuring continuity of service to their existing customer bases. Optimum Group's diverse offerings include wet-glue labels, multilayer labels, security seals, gummed tapes, foils, and more, serving both regional and international clients.

Venko Groep

Acquisition in 2013
Venko Groep B.V., founded in 1975 and based in Hoogeveen, the Netherlands, specializes in fabric maintenance services throughout the life cycle of assets in both offshore and onshore sectors. The company offers a comprehensive range of services, including project management, coating inspections, surface preparation, and multi-disciplined personnel supply. Venko Groep is recognized for its expertise in high-quality preservation processes, including industrial paintworks, vessel preservation, and outdoor painting for high-voltage objects in the energy sector. The company prioritizes safety and integrity, ensuring that all operations meet stringent quality standards. Venko Groep operates through its divisions, Venko Offshore and Venko Outdoor, and maintains a strategic partnership with Brand Energy & Infrastructure Services Ltd. With a commitment to flexibility and customer partnership, Venko Groep serves a diverse clientele across various industries, including utilities, infrastructure, railway, construction, and oil and gas.

kleertjes.com

Acquisition in 2011
Kleertjes.com B.V. is an e-commerce company based in Doetinchem, Netherlands, specializing in the sale of branded clothing, shoes, and accessories for children. Founded in 2003, the company targets the mid and high-end segments of the children's wear market. By offering a curated selection of products, Kleertjes.com provides customers with a convenient and secure shopping experience for children's fashion at any time.

Axon Digital

Acquisition in 2010
Axon Digital Design B.V. is a leading provider of professional audio and video equipment primarily serving the broadcast industry. Headquartered in Gilze, the Netherlands, the company develops and manufactures a range of products, including modular interfacing and conversion systems like Synapse, compliance recording systems such as TRACS, and configuration software known as Cortex. In addition to these core offerings, Axon supplies routers, multi-viewers, live production video mixers, and intercom systems, catering to the diverse needs of broadcasters. The company has established a global presence with regional offices in several countries, including Brazil, China, Germany, Russia, the UAE, Singapore, the UK, and the United States, supported by a network of distributors and systems integrators. Since its founding in 1987, Axon has maintained a focus on customer support and product innovation, contributing to its reputation as a trusted partner for broadcasting solutions worldwide. As of May 2020, Axon operates as a subsidiary of EVS Broadcast Equipment SA.

Anteryon International

Venture Round in 2009
Anteryon International, established in 2006, specializes in designing, manufacturing, and distributing high-precision optical components. Its product portfolio includes a wide range of lenses, laser modules, optical mirrors, filters, and custom opto-mechatronic assemblies. Serving diverse sectors such as medical, telecom, defense, and semiconductor industries, the company leverages its patented replication and opto-mechanical assembly technology, along with deep domain expertise, to deliver standard and customer-specific optical solutions. Headquartered in Eindhoven, the Netherlands, Anteryon International operates as a subsidiary of China Wafer Level CSP Co., Ltd.
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