The international restroom chain 2theloo sold part of its outstanding shares to private equity manager Avedon Capital Partners.
The new shareholder will provide expertise and capital in order to accelerate the international expansion of 2theloo.
Lindenaar & Co acted as advisor to 2theloo and coordinated the entire transaction process, including the Letter of Intent draft, the financial forecast of the company, deal negotiations, due-diligence coordination and closing of the transaction.
Profile 2theloo
2theloo is a restroom concept which distinguishes itself by its unique restroom designs and retail assortment with corresponding hygiene products. The company was established in 2011 by Eric Treurniet (CEO) and Almar Holtz (COO) and shows an explosive growth since the start. The 2theloo restroom shops can be found in city centers, shopping centers, petrol stations and railway stations in the Netherlands, Spain, Poland, Israel, Hungary, Austria, Germany and Belgium. At the moment, the company exploits approximately 100 shops across 8 countries. The international growth plan aims to grow to approximately 2,500 locations worldwide in the next 3 to 5 years. In addition, 2theloo’s focus is to further expand and develop the private label range for its own stores as well as for third parties in the coming years.