“A partner who understands both the process and the entrepreneur makes all the difference.”

Eurosafe has grown into the market leader in the Netherlands and a top-three player in Europe in the field of safe working at height and in confined spaces. It's a professional organisation with international ambitions and clear growth plans that require a strategic financial partner.

Raeth supported Eurosafe in several pivotal steps, from financing the construction of its new headquarters to the full acquisition of its UK subsidiary.

The challenge

Eurosafe wanted to invest in the future: a new headquarters with additional space for a customer contact centre and an impressive 20-metre-high training facility with demonstration setups for working at height and in confined spaces. At the same time, Eurosafe wanted to expand its minority stake in its UK subsidiary. Both projects required a solid financing structure and a partner who understands both the business and the entrepreneurs behind it.

Our role

We supported Eurosafe across two financing projects:

• Construction financing for the new headquarters in Zwolle
• Additional financing to increase the minority stake in Eurosafe Ltd. in the United Kingdom

We managed the process from initial intent through to completion, provided a strong financial case for lenders and aligned all financial, legal and strategic steps throughout the process.

The process

Thanks to our long-standing relationship with the shareholders and management of Eurosafe, we already had a strong understanding of their strategy, market and ambitions. This created speed and trust in both processes. We combined our expertise in financing, buy-and-build and legal support to guide the entire process and relieve the management team of much of the operational burden. This was done in close collaboration with Emile Kaal, who provided the financial reporting.

The result

Both financing facilities were successfully secured based on the proposed plan. Eurosafe now operates from a modern headquarters that houses one of the largest training facilities in Europe for safety training. In addition, the company’s strategic position in the United Kingdom has been strengthened through the expansion of its shareholding. The company is now well positioned to realise its further international growth ambitions, both operationally and financially.