Private Equity firm Monitor Clipper Partners acquires Dutch-based Cycleon
Strategic acquisition to strengthen group offering in consumer to business returns
Through the acquisition Cycleon gains access to the extensive network of CCR and Vfw, allowing it to benefit from operational and ICT synergies and in turn input Cycleon’s specialized knowledge on consumer to business product returns. The company will continue to operate under the name Cycleon as the dedicated provider of pan-European reverse logistics solutions, leveraging the national postal networks for the first mile of the return. The company headquarters will remain in Utrecht, the Netherlands.
"The acquisition by RLG allows us to expand our service offering and our geographical reach", says Gerben Willems, Chief Executive Officer of Cycleon. "Reverse logistics is one of the youngest and fastest-growing areas in logistics with many opportunities for us as a group to build a leadership position in the market. Reverse logistics is often a critical customerfacing part of our clients’ business that requires innovative products and services. Our clients will benefit from the extended service offering with easy access to our group companies and partners."
Oliver Markl, General Manager at Reverse Logistics GmbH and principal of Monitor Clipper Partners comments: "We are pleased with the acquisition of Cycleon and the strong strategic fit with CCR and Vfw. In only a few years Cycleon has been able to build an excellent position in consumer to business product returns with a highly qualified management team, innovative services and a strong customer base. I am convinced that as a group we are well positioned to create a European leader in the Reverse Logistics market".
No financial details about the agreement will be announced. Cycleon was advised by Altium.
Cycleon is the only dedicated provider of pan-European reverse logistics solutions, leveraging the national postal networks for the first mile, and providing transparency and control throughout the entire return process. Covering 27 markets in Europe and powered by a powerful, proprietary IT system, Cycleon enables organizations to take full advantage of new innovations in reverse logistics. Cycleon provides return solutions in all stages of the product lifecycle that are fit for purpose and able to incorporate changing needs in try-and-buy, warranty, service parts, product recalls and end-of-life/WEEE.
About Monitor Clipper Partners
Monitor Clipper Partners ("MCP") is a private equity firm formedin 1998 to invest in middle market management buyouts, recapitalizations and growth equity. MCP partners with strong management teams who can benefit from MCP’s privileged relationship with the strategy consulting firm Monitor Group. MCP is currently investing its second fund Monitor Clipper Equity Partners II L.P. with $800 million in total commitments. MCP has offices in Boston, Zurich and London.