Cross-border Baker Tilly team advises on Swiss-Dutch deal

Swiss Infrastructure fund Reichmuth & Co has acquired a stake in Netherlands-based Meeberg Group, with a cross-border Baker Tilly team advising the buyer throughout the process.

Closed this morning, Reichmuth & Co has purchased Meeberg Group for an undisclosed sun, in what is the inaugural deal of its newly launched Clean Mobility Fund. Financial terms of the deal have not been disclosed.

“This investment offers the exact infrastructure characteristics we are looking for: value in tangible assets, highly visible, contracted and inflation-protected cashflows, a strong management team with a clear and shared vision for the company,” said Roland Kaufmann from Reichmuth & Co in a statement.

Established in 1988, Meeberg Group is a company from the city of Breda that focuses on the leasing and sale of ISO tanks used in a number of industries. According to its own records, Meeberg Group has Europe’s largest stock of used and refurbished ISO tank containers.

According to Kaufmann, the ISO tanker sector represents a major growth market, adding that Meeberg Group is well positioned to capitalise on the opportunities and expand its footprint.

A niche market in the container market, the fleet of ISO tanks has doubled from 338,000 to 802,000 units between 2012 and 2022. Looking ahead, continued strong demand for the transport of hazardous chemicals and liquified gases (LNG, hydrogen) are expected to drive further growth for the market.

“We are confident that the collaboration with Reichmuth & Co will help us unlock synergies that will not only bolster our operational capabilities but also bring about exciting opportunities to accelerate our expansion,” said Eelco van de Meeberg, CEO of Meeberg Group.

On the buy-side of the transaction, Baker Tilly provided due diligence support in a cross-border team led by Jan Kreijkes and Lorenz Roth. The consulting firm provided the full scope of due diligence services spanning financial, tax, legal, human resources, and technology.

Commenting on the support, Kaufmann said: “We very much valued the professional set-up of the entire collaboration, with a clear focus on the alignment of due diligence targets in the beginning of the process and an ongoing focus on the specific client needs throughout the process with regular updates on the process itself as well as the findings, ultimately leading to the best outcome in the transaction structure.”