KBC Private Equity exits door maker Dynaco

KBC Private Equity, the PE arm of the Belgian bank KBC Group, has sold its investment in high-speed door maker Dynaco to Swedish door solutions company Assa Abloy – a global leader in Industrial roll-up doors. The deal is estimated between EUR 75 million and EUR 125 million and is expected to close by H1, 2012. KBC’s initial investment in Dynaco was less than EUR 25 million in July 2007.

 KBC Private Equity (www.kbcmerchantbanking.com)
Belgium headquartered KBC Private Equity is a wholly owned subsidiary of KBC Bank. The parent KBC Bank had received capital injection from the Belgian government in 2008 and needs to reduce risk-weighted assets by 25 per cent over instructions from the European Commission in order to receive further state aid. The firm is one of the leading providers of private equity in Belgium and Central Europe. It typically provides development and buy-out capital to unlisted companies for amounts between EUR 2 million and EUR 50 million.

Dynaco (www.dynacodoor.com)
Moorsel, Belgium-headquartered Dynaco has operations in 60 countries across Europe, Latin America, Asia and the USA, and is a global leader in high-speed industrial roll-up doors. The company presently employs about 140 people while revenue for 2012 is expected to cross the EUR 50 million-mark.