Private equity firm Mentha Capital has sold Dutch cooling systems business Frimex to Value Enhancement Partners.
Frimex designs, installs and services cooling, electrical and climate technology systems for large retailers and the hospitality sector. The company is headquartered in Moordrecht in the Netherlands and supplies all major Dutch retailers. It employs over 300 people.
Mentha Capital acquired Frimex in 2014 and the business has achieved strong growth since then.
Admar van Meer, CEO of Frimex, said: “We are now well positioned for further growth and we look forward to continuing to serve our clients.”
Gijs Botman, Partner at Mentha Capital, added: “Frimex has done a tremendous job, and we look back on strong and fun years with the company.”