Lintelo acquisition

Koel- en Vrieshuis Lintelo growth plans take shape with new shareholder Arcus Infrastructure Partners.

Varsseveld, 28 January 2020

Arcus Infrastructure Partners, an independent fund manager with significant experience in European infrastructure investments, announced today the acquisition of a majority equity interest in Koel- en Vrieshuis Lintelo B.V. (“Lintelo” or the “Company”), partnering with the founding Van de Put family to expand and strengthen the Company’s footprint and service offering for existing and new customers.

Arie and Wim van de Put, Managing Directors of Lintelo and members of the founding family, underlined the strategic benefits of joining forces with Arcus: “We are proud to join the broader Arcus family of companies, and this is great news for Lintelo. This partnership fits perfectly with our vision for the long-term future of the Company. Bringing Lintelo into a larger group is not a decision we have taken lightly. We are very impressed with Arcus’ ambitions in the sector and its respect for the heritage, culture and values of our business, which has been family-owned since it was founded 57 years ago.

We are now able to combine our deep know-how and track record in the cold storage and logistic sector with the investment expertise and broader European cold chain network of Arcus, providing our customers with continued innovation and high-quality infrastructure and services to support their businesses. Lintelo has been built on the dedication and passion that we bring to working with our clients every day, and we are looking forward to a continued focus on this in the future alongside Arcus.”

Jordan Cott, who led the investment on behalf of Arcus, commented: “We are very pleased to announce our investment in Lintelo and look forward to supporting the management team into the future. Our approach in the cold storage infrastructure sector is fundamentally based around supporting market-leading businesses with deeply experienced management teams and high-quality facilities and service offerings. This is exactly what we see in Lintelo, a company with over 50 years of history and demonstrated excellence in its unique scale and service offering for its customers.

This investment is also a strong fit within our broader investment strategy, which is focused on supporting the growth of European businesses that provide essential, long-term infrastructure to their customers, which in this case comprise leading European food producers, traders and wholesalers. We look forward to working with Arie, Wim and the Lintelo team and are proud to have them join our broader cold chain network in Europe.”

Following this transaction, Lintelo will be working closely with key customers on potential nearterm expansion plans in the Netherlands, with a view to expanding its current facilities and extending its footprint across the country over time. The Company will also join the Constellation Cold Logistics platform, which is a network of European cold storage and logistics market leaders that work with Arcus as a shareholder to innovate, grow and strengthen their solutions for food businesses across Europe and globally.

About Lintelo

Koel- en Vrieshuis Lintelo B.V. is a market leader in the provision of cold chain infrastructure solutions to the food industry.

Lintelo is a family business that was established in 1962, with a strong heritage and history of customer-oriented innovation and high performance that has enabled the Company to grow consistently alongside its customers in the global food market.

The Company currently has a footprint comprising two state-of-the-art cold storage facilities in the Netherlands, with a combined capacity of 60,000 pallet positions and offering a range of value-added services including blast freezing, tempering, packing, order picking and customs services, among others.

For further information: www.lintelo.nl

About Arcus

Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure.

Arcus invests on behalf of institutional investors through discretionary funds and special co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value in excess of €14bn (as of 30 September 2019).

The Arcus investment track record includes: Forth Ports, TDF, Alpha Trains, Angel Trains and several other leading European infrastructure businesses in the transport, energy and telecommunications space. Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the transportation, energy and telecommunications sectors.

For further information: www.arcusip.com