EQT Mid Market Europe Fund Sells Dunlop Protective Footwear
EQT Mid Market Europe Fund Sells Dunlop Protective Footwear
EQT is excited to share the news that its Mid Market Europe fund has finalized an agreement to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management. This strategic move represents a pivotal moment for both EQT and Dunlop, enhancing the company's ability to grow under new ownership.
Highlights of Dunlop's Journey with EQT
Since EQT's acquisition in 2018, Dunlop has undergone significant transformations. The company has refined its go-to-market strategy in the United States, focusing on expanding its reach and enhancing customer engagement. Dunlop has also made substantial strides in sustainability, solidifying its reputation as a leader in this critical area.
Innovative Approaches to Market Expansion
Under EQT's guidance, Dunlop invested heavily in digital platforms, allowing them to penetrate the market effectively and adapt to changing consumer behaviors. This investment has yielded a notable increase in e-commerce sales, positioning Dunlop as a formidable player in the competitive protective footwear sector.
Commitment to Sustainability
Dunlop has achieved an EcoVadis Gold rating for three consecutive years, underscoring its commitment to sustainable practices and innovation in protecting the environment while serving the needs of its customers.
A Message from Dunlop's Leadership
Floris van Halder, Managing Director at EQT's Private Equity advisory team, praises Dunlop as an exemplary model of innovation and sustainability leadership. He expresses immense gratitude towards Dunlop's dedicated employees and management, reflecting on their collaborative efforts and achievements over the years.
CEO Maurice Hansté echoes this sentiment, acknowledging the pivotal support from EQT during challenging market conditions. He emphasizes their joint efforts in professionalizing the business and expanding Dunlop's digital presence, paving the way for future growth and success with their new owners.
Future Outlook for Dunlop
As Dunlop embarks on this next chapter, it aims to build on the strong foundation established alongside EQT. The company remains committed to delivering high-quality, durable, and comfortable protective footwear that meets the evolving needs of its customers across various sectors.
This transaction is pending customary conditions and approvals, but the excitement surrounding this sale is palpable.
About EQT and Dunlop
EQT continues to seek innovative opportunities and partnerships that drive growth and value across various industries. Dunlop Protective Footwear is recognized globally for its high-performance protective boots, catering primarily to professionals in sectors such as Agriculture, Food Processing, and Oil & Gas.
Frequently Asked Questions
1. What prompted EQT to sell Dunlop Protective Footwear?
EQT aims to optimize its investment portfolio and believes that Gilde Equity Management can take Dunlop to new heights.
2. How has Dunlop improved during EQT's ownership?
During EQT's ownership, Dunlop has enhanced its marketing strategy, invested in sustainability, and expanded its e-commerce capabilities.
3. What is the significance of the EcoVadis Gold rating?
The EcoVadis Gold rating signifies Dunlop's commitment to corporate social responsibility and sustainability, achieved for three consecutive years.
4. What sectors does Dunlop serve?
Dunlop serves various sectors including Agriculture, Food Processing, and Oil & Gas, providing protective footwear that meets high safety standards.
5. What are the future plans for Dunlop after the sale?
Dunlop plans to continue its growth trajectory by leveraging its innovative platform and maintaining strong relationships with distributors and suppliers.
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