PARIS, January 12, 2016 /PRNewswire/ --
Vermeer Capital has just handed over control of the capital of RLD, a major stakeholder in the French market for the rental and maintenance of laundry, work clothes and hygiene equipment for professionals, to the "Groupe Mutuelle Nationale des Hospitaliers" (MNH).
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Vermeer Capital, who invested in the company in June 2013 through a majority takeover of its capital, has carried out important restructuring work in the last two-and-a-half years.
Operationally, Vermeer Capital has enabled RLD to adapt its cost structure and to retain profitable customers by gradually phasing out the portfolio of unprofitable businesses and increasing commercial development.
All these measures have helped RLD to eliminate its debt completely and to exceed its budget figures for 2015 despite a particularly difficult competitive environment. Vermeer Capital, which retains a minority stake in RLD, will now work with MNH to continue the development of RLD.
"The quality of our new partner offers important synergies. We will make every effort to work with MNH to help RLD strengthen its strong position in the sector for the rental of laundry and workwear," said Frédéric Jouenne, an associate of Jean-Louis Detry in Vermeer Capital.
Vermeer Capital was accompanied by teams from Canaccord Genuity and by the law firm Gide Loyrette Nouel to carry out this operation.
About Vermeer Capital
Vermeer Capital invests in equity in companies with a high-growth potential. Founded by Jean-Louis Detry, who has taken over and successfully developed many businesses, Vermeer Capital brings together partners with extensive experience of business life. http://www.vermeercapital.fr
Press contact: Corpcom / Yannick Duvergé - yannick.duverge@corpcom.fr - Tel.: +33-6-89-44-64-07
SOURCE Vermeer Capital
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