Down2Earth Capital completed the acquisition of a majority stake in Grandeco from Gimv.

Private equity firm Down2Earth Capital completed the acquisition of a majority stake in Grandeco, a wallpaper producer, from Gimv. Financial terms were not disclosed. "Grandeco is a market performer in a highly fragmented industry, the company has achieved above-average growth and profitability in recent years. In addition to its strong reputation in analogue printing, the company has a clear advantage in the area of digital printing. Together with our partner Gimv and the strong management team, we look forward to further building the company into one of the Pan-European market leaders," Alain Keppens, Down2Earth Capital Partner.