Roland Berger advises Parcom on Climate for Life deal

04 December 2020 Consultancy.eu

European investment firm Parcom has acquired a majority stake in Climate for Life Holding from counterpart Gimv, in a deal strategically advised on by consultants from Roland Berger.

Climate for Life was established in 2016 when Gimv acquired a majority stake in Itho Daalderop and Klimaatgarant, and bundled the two companies under one group. Both subsidiaries specialise in helping construction companies and developers with energy-neutral residential housing, focusing both on and new-build and renovation segments.

Itho Daalderop provides products and services for realising an energy-efficient indoor climate, including heating systems, mains water, ventilation and control technology. Klimaatgarant specialises in developing and implementing energy-neutral housing projects for municipalities, project developers and housing corporations. Combined, the two subsidiaries can provide integrated energy-neutral living solutions.

Roland Berger advises Parcom on Climate for Life deal

Under the wings of Gimv, Climate for Life booked strong growth, doubling its turnover in the past four years. Bas Korte, the chief executive officer of Climate for Life, on the firm’s journey with Gimv. “In 2015, after years of intensive cooperation between Klimaatgarant and Itho Daalderop, we saw opportunities to accelerate. With Gimv, we immediately found understanding, faith and enthusiasm in our plan.”

The 450-strong company with offices in the Netherlands (Tiel and Schiedam) and Belgium (Brussels) will now continue its mission under the ownership of Parcom, another private equity firm. The Dutch investor specialises in helping its portfolio companies – typically in the mid-market segment – with “achieving their next phase of growth” said Willem-Jan Merckel, a partner at Parcom. 

“The market for housing sustainability services market is full of opportunities and we strongly believe in Climate for Life’s offering. We look forward to actively support the dedicated management team in the continued realisation of their ambitions,” he said.

Commenting on the partnership with Parcom, Korte added: “Parcom’s Dutch heritage is a true advantage [Gimv is Belgian-origin] as they understand the dynamics and opportunities surrounding the energy transition in the Dutch housing market. This is an excellent fit with our growth trajectory. They will help us bring new innovative products, systems and concepts to market.”

Roland Berger provided commercial due diligence advisory to Parcom (dealteam: Sameer Mehta, Mark Tissot, Paulo Salla). Other M&A consultancies that supported the deal were Nielen Schuman (debt advisory), KPMG (M&A advisory and financial due diligence), Meijburg & Co (tax advisory) and Dutch law firms Van Doorne, De Brauw Blackstone Westbroek and Loyens & Loeff.