The Hoge Dennen Capital has taken a majority stake in Hot ITem, specialised in Performance Improvement. The Hoge Dennen Capital will support Hot ITem with knowledge and capital in the realization of the strategy and mission of Hot ITem to improve its position in the top 3 of Performance Improvement companies.
The other shares remain in the hands of the management and staff of Hot ITem. The demand for specialized companies in the field of data, Business Intelligence and Business Analytics in relation to organization control and factbased management has increased tremendously. This trend will continue in the coming years.
Marcel van den Heuvel, investment director at The Hoge Dennen Capital, says about the investment: “The Hoge Dennen Capital would like to invest in companies that develop dynamically. We are very impressed with the quality and corporate culture of Hot ITem. We believe that the market position that the company has already realized in the Netherlands jointly further develop both organically and through acquisitions. Further growth will be even more relevant in the future of Hot ITem’s customers and employees.
Rob Honing, commercial Director at Hot ITem, is enthusiastic about the choice of the investor. “With The Hoge Dennen Capital as powerful shareholder may be given concrete form to the aspirations for the future of the company. We have opted for a form of cooperation in which the operational business of Hot ITem and service as we enter this, remains unchanged. We can distinguishing human resources policy, getting the best out of people. These are very important considerations. In addition, there is within this cooperation even more space for innovation and growth. We look into the future with great confidence. “
About the Hoge Dennen Capital
The Hoge Dennen Capital is the independently operating private equity investment company of the family de Rijcke. The family De Rijcke is several generations been owner of Kruidvat supermarkets and Kruidvat Drugstores which respectively at the beginning of this century at the end of the 1990s have been sold. The investment philosophy is characterised by entrepreneurship, flexibility, partnership and long term relationships.
Source: Hot ITem
