Sofindev completed the acquisition of a majority stake in Hillewaert.

Sofindev, an independent private equity firm, completed the acquisition of a majority stake in Hillewaert, a distributor of coffee systems. Financial terms were not disclosed. "Sofindev's entry into our capital is a well-considered decision, which is part of our ambition to further grow and professionalize Hillewaert. Our focus remains to offer outstanding technical service to our customers and to strengthen it even further. Furthermore, it is our intention to further strengthen our solution offering and this development will provide even more opportunities for our employees. With Sofindev we are bringing on board a complementary partner that shares the same values as our family business and has a mentality and vision for the future that perfectly matches the current needs and ambitions of our company. We also wish to thank all the employees in the office and on the road. It is thanks to their daily commitment that Hillewaert can remain a family company," Kris Hillewaert & Patrick Hillewaere, Hillewaert Managing Directors.