Intersteel is a manufacturer of design door handles, window closures and accessories. The company is a frontrunner in online marketing and sales, complemented by a strong position in the ironmongery channel in the Benelux.
OXEYE Advisors acted as exclusive financial advisor to the shareholders of Intersteel in the sale of a majority stake to Committed Capital. The stake has been acquired from private equity firm 5square and Peter van Leeuwen, third generation of the family business. Over the past years, Intersteel and its shareholders have achieved strong growth on the back of implementation of an omni-channel strategy and expansion of the product range. To support the company in the next phase of growth, focused on internationalisation, Committed Capital will join as new majority shareholder. In 2019, Intersteel generated EUR 17m.
OXEYE Advisors assisted the shareholders of Intersteel in a competitive sale process, resulting in a successful sale to a committed shareholder with an attractive network to support future growth of the company.