# Waterland Private Equity acquires majority stake in BontexGeo Group

Nimbus sold its majority stake in BontexGeo Group, a manufacturer of geosynthetic technical textiles, to Waterland Private Equity. BontexGeo generates roughly €100 million in revenues with production sites in Belgium, Hungary, France, Switzerland and the UK, and employs over 300 people.

- Type: Acquisition
- Announced: 2021-09-01
- Where: Zele, Belgium, Belgium
- Jobs: 300
- Status: completed
- Products: geosynthetic products, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Waterland Private Equity](https://endata.com/companies/6809.md) (acquirer)
- [Nimbus](https://endata.com/companies/13698.md) (partner)
- [BontexGeo Group](https://endata.com/companies/55015.md) (target)

## Sources

- [nimbus.com](https://nimbus.com/en/news/2021/09/majority-shareholding-in-bo/194), 2021-09-01: "We sold our stake in BontexGeo Group, a specialized developer, manufacturer and seller of geosynthetic products, to Waterland Private Equity."
- [made-in.be](https://www.made-in.be/oost-vlaanderen/bontexgeo-groep-trekt-nieuw-groeikapitaal-aan-van-waterland/), 2021-10-11: "Het Nederlandse financieringsfonds Nimbus heeft haar aandelenbelang in de BontexGeo Groep overgedragen aan Waterland Private Equity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.