Argan Capital Advisors LLP
15-17 Grosvenor Gardens
London
SW1W 0BD
United Kingdom
Tel: +44 (0)20 7647 6970
Fax: +44 (0)20 7647 6999
Argan Capital Advisors LLP is authorised and regulated by The Financial Services Authority
N&W Global Vending
N&W Global Vending is the leading European and largest manufacturer worldwide of Hot & Cold and Snack & Food vending machines with a market share in Europe in excess of 37% providing customers the most comprehensive product range available on a pan-European basis. N&W has revenues in excess of €390 million, approximately 2,000 employees and production plants located in Bergamo (Italy) and Odense (Denmark). The company also has exclusive sales representatives in France, Belgium, Spain, Germany, Great Britain, Austria, Poland, Argentina, Brazil, the United States and China.
In November 2005, the company was bought out in an LBO transaction, led by Argan team members, who partnered with another institutional investor, together with the existing management team. In December 2006, N&W acquired SGL, a leader in pod espresso technology, which had revenues in excess of €55 million. Furthermore, two additional acquisitions were completed, before the sale of the company to a consortium of private equity buyers, in November 2008.
During the three-year-investment period of Argan, N&W has successfully expanded in the HoReCa and OCS (smaller capacity tabletop coffee machines which provide additional flexibility of offers at offices, small HoReCa sites and home) segments, both natural technological and commercial extensions of its original vending business. The sale transaction represented the largest leveraged buy-out in Italy in 2008.
