Investec has advised the shareholders of Allsetra on the company’s partnership with Bencis.
We are pleased to have acted as sell-side adviser to the shareholders of Allsetra on the company’s partnership with Bencis. The transaction supports the company as it enters its next phase of growth.
About the deal
Allsetra is a leading Dutch provider of technology-enabled theft protection, recovery and fleet management solutions for vehicles and mobile assets. Private equity firm Bencis brings extensive experience in accelerating growth and executing buy-and-build strategies across the Benelux mid-market.
Together, Allsetra and Bencis aim to strengthen the company’s position in the Netherlands and build a leading European player in vehicle and asset protection and recovery.
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It has been great to work with Allsetra’s shareholders and management team to identify a partner that shares their ambitions for the business. With its experience of supporting growth and buy-and-build strategies, Bencis is very well placed to help Allsetra realise the next stage of its potential.
Ron Belt, Managing Partner, and Jasper Erhardt, Manager, at Investec Advisory Benelux
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Investec ran a competitive process that brought us to the right partner for Allsetra. Just as valuable, they knew how to make the add-ons we completed mid-process land properly.
Gerben Van Der Kamp, CEO, Allsetra
About Allsetra
Founded in 2007 and headquartered in Amersfoort, Allsetra is a leading Dutch provider of technology-enabled theft protection, recovery and fleet management solutions for vehicles and mobile assets. The company combines proprietary hardware and software with 24/7 monitoring and in-house recovery, serving the automotive, construction and micromobility markets.
About Bencis
Founded in 1999, Bencis is an independent private equity firm focused on the Benelux region. The firm partners with founders and management teams to support growth, operational improvement, international expansion and buy-and-build strategies across mid-market businesses. Bencis is headquartered in Amsterdam, with offices in Brussels and Düsseldorf.
Our role
Investec advised Allsetra and its shareholders throughout the sell-side process, from preparation to closing:
- Positioning the equity story and preparing all transaction materials
- Identifying and approaching a targeted universe of strategic and financial buyers
- Running a competitive auction process through to binding offers
- Coordinating the due diligence process across all workstreams
- Leading negotiations on valuation, deal structure and transaction documentation through to signing and closing
Alongside the sale, Investec advised Allsetra on its buy-and-build strategy, supporting the evaluation and execution of add-on acquisitions (ScootSecure & Geotrack) while the sell-side process was live. This strengthened the platform and the equity story presented to buyers in parallel.
