The renovation and remodeling industry in Benelux is a vibrant sector dedicated to enhancing and upgrading residential and commercial spaces. Companies in this industry include contractors, interior designers, and suppliers of building materials, focused on improving aesthetics, functionality, and energy efficiency. Demand is robust due to urbanization, sustainability trends, and a growing interest in home improvement. The industry is evolving towards smart homes, sustainable practices, and increased use of technology, pushing companies to innovate continually. This growth is evident as stakeholders seek more adaptable and eco-friendly solutions, bridging comfort and modern living in renovation projects across the region.


The list of investors in the renovation and remodeling industry showcases a mix of private equity firms, corporate giants, and venture capitalists, concentrated mainly in key cities like Amsterdam, Luxembourg, and Brussels. Founded between 1792 and 2021, these firms vary in size from small teams with under 50 employees to large players with thousands. In 2024, they collectively engaged in significant activities, with some firms, such as CVC Capital Partners, participating in 16 deals, reflecting a keen interest in this critical sector.


Top 17 Renovation and Remodeling Investors in Benelux


1. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has been involved in several significant transactions relevant to the renovation and remodeling context, including the acquisition of VolkerWessels in April 2024, a company engaged in construction, real estate, and infrastructure. Additionally, their acquisition of Homij, a subsidiary of VolkerWessels, highlights their strategic interest in enhancing profitability in segments that may include renovation and remodeling services. These transactions demonstrate Triton's commitment to sectors that align with renovation and remodeling activities.


2. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition. Founded in 2021, the firm provides operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant strides in the renovation and remodeling context with its acquisition of Lapeyre SAS, a leading player in the home improvement and building materials market, which generated over EUR 600 million in revenues. This acquisition is the largest in Mutares' history and aims to strengthen their Goods & Services segment. Additionally, Mutares has been involved in other acquisitions such as Ganter Group and Greenview Group, which, while not directly related to renovation and remodeling, demonstrate the firm's active investment strategy in diverse sectors. Their focus on turnaround management positions them well to support companies in the renovation and remodeling industry.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB focuses on supporting sustainable projects across various sectors, including public and private organizations seeking funding for initiatives that promote growth and job creation. In 2024, EIB was involved in several significant transactions, including a loan to Resalta for EUR 12 million aimed at enhancing energy efficiency in buildings through digitalization and new energy management systems. This transaction highlights EIB's commitment to supporting projects that improve building performance, making it a key player in the renovation and remodeling sector. Other transactions, while not directly related to renovation, indicate EIB's active role in financing projects that may have indirect benefits for the sector.


4. Waterland Private Equity


Waterland Private Equity Investments B.V. is a private equity firm based in Bussum, North Holland, Netherlands, founded in 1999. The firm specializes in growth equity investments and partners with ambitious entrepreneurs and management teams to support their growth strategies through strategic planning and operational assistance. Waterland focuses on various sectors, including healthcare and sustainability, and operates across Europe. Notably, in 2023, Waterland acquired Elk groep, a construction and renovation company, which highlights their active role in the renovation and remodeling industry. Furthermore, their recent acquisition of Zetta Home Services, which specializes in heat pump installation, reflects their interest in sustainable renovation solutions. These transactions underscore Waterland's commitment to investing in the renovation and remodeling sector, particularly in the context of sustainable practices.


5. Cobepa

  • Website: cobepa.com
  • Type: Private Equity
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1957
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cobepa

Cobepa is a private equity investment company based in Brussels, Belgium, founded in 1957. It specializes in providing investment management and strategic support to enhance the growth and sustainability of its partner businesses. Cobepa operates with a permanent capital base, allowing it to invest across various industries. Notably, Cobepa has made significant investments in the renovation and remodeling context, including the acquisition of Ned Stevens, a prominent provider of exterior residential services, and Heartland Home Services, which focuses on home improvement services. These transactions highlight Cobepa's engagement in the home services sector, demonstrating its capability and interest in supporting businesses that contribute to renovation and remodeling efforts.


6. AkzoNobel

  • Website: akzonobel.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1792
  • Headcount: 10001+
  • LinkedIn: akzonobel

AkzoNobel N.V. is a prominent corporate investor based in Amsterdam, Netherlands, specializing in the manufacture of paints and coatings. Founded in 1792, the company has a long-standing history and operates in over 150 countries, providing innovative and sustainable solutions for both industrial and consumer markets. AkzoNobel's diverse customer base includes businesses in the construction and automotive industries, as well as individual consumers. Notably, AkzoNobel has made significant acquisitions that enhance its position in the renovation and remodeling sector, such as the acquisition of Grupo Orbis, which includes various businesses like Pintuco and Mundial, aimed at strengthening their presence in Latin America. Additionally, their acquisition of The Flood Company, a leader in wood-care products in the U.S., further solidifies their commitment to the wood-coatings market, which is crucial for renovation projects. These strategic moves reflect AkzoNobel's focus on sustainability and innovation, making them a key player in the renovation and remodeling industry.


7. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made several acquisitions relevant to the renovation and remodeling context, such as GSDI Group, a leader in surface treatment and adhesive film application, which supports growth in the building sector. Additionally, their acquisition of Brakel further emphasizes their involvement in the construction industry. Other acquisitions, like Itho Daalderop and Keil & Purkl, also suggest a focus on companies that may contribute to renovation and remodeling activities, enhancing their portfolio's relevance to this sector.


8. NPM Capital

  • Website: npm-capital.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1948
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: npm-capital

NPM Capital is a private equity investment firm based in Amsterdam, North Holland, Netherlands, founded in 1948. The firm focuses on supporting medium-sized and large family-owned enterprises in the Benelux region, providing capital and strategic advisory services to foster growth and sustainability. NPM Capital operates across various sectors, including technology, education, and notably, home improvement. One of their significant transactions includes the acquisition of Deli Home on September 30, 2016, which is involved in the renovation and remodeling industry. This acquisition aligns with their strategy of investing in companies that can achieve long-term growth. Additionally, NPM Capital has made investments in companies like Desso and Greenspread, focusing on sustainability and energy transition, but their direct involvement in Deli Home highlights their interest in the renovation sector.


9. Immobel

  • Website: immobelgroup.com
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1863
  • Headcount: 51-200
  • LinkedIn: immobel

Immobel is a corporate real estate development company based in Brussels, Belgium, founded in 1863. The company specializes in sustainable and high-quality projects across Europe, focusing on residential, office, and mixed-use properties. Immobel aims to cater to both individual consumers and businesses seeking urban living and working spaces, emphasizing sustainability and urban transformation in its operations. Notable transactions include the acquisition of Thomas S.A., which involved an administrative building, and a 30% stake in Urban Living Belgium NV, allowing them to control a significant portion of the former Land Invest Group. Additionally, their acquisition of Leeds Office Park for £30 million marks a strategic expansion into the UK market. These transactions reflect Immobel's commitment to enhancing urban environments, which may involve renovation and remodeling efforts as part of their development strategy.


10. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm based in Luxembourg, founded in 1998, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg provides capital, strategic guidance, and governance to management teams across various sectors, including healthcare, technology, and business services. Among their notable transactions, Astorg has acquired Corialis, a European manufacturer of aluminium systems for windows and doors, and Onduline, a leading global provider of roofing materials. These acquisitions highlight Astorg's engagement in the building materials sector, which is closely related to renovation and remodeling activities. Additionally, their acquisition of IPCOM further emphasizes their interest in companies that operate within the construction and building materials space.


11. Ingka Investments

  • Website: ingka.com
  • Type: Corporate
  • Headquarters: Leiden, South Holland, Netherlands
  • Founded year: 2018
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: ingka-investments

Ingka Investments, a corporate investor based in Leiden, South Holland, Netherlands, is part of the Ingka Group, which operates IKEA stores and shopping centers globally. Founded in 2018, the firm focuses on providing affordable home furnishings and planning services to consumers. In recent years, Ingka Investments has made significant investments in the renovation and remodeling space, notably in Livspace, which raised substantial funding in Series D and Series F rounds, amounting to over $260 million. These investments reflect Ingka's commitment to enhancing home living experiences and supporting innovative solutions in the home improvement sector.


12. IKEA Group

  • Website: ikea.com
  • Type: Corporate
  • Headquarters: Delft, South Holland, Netherlands
  • Founded year: 1943
  • Headcount: 10001+
  • LinkedIn: ikea-group

IKEA Group is a corporate investor based in Delft, South Holland, Netherlands, founded in 1943. As a leading furniture retailer, IKEA designs and sells ready-to-assemble furniture, kitchen appliances, and home accessories, catering to consumers looking for affordable and stylish home solutions. The company operates through a unique shopping experience that allows customers to interact with products in-store and also engages in manufacturing its products to ensure brand ownership and a cohesive product line. In 2019, IKEA participated in a venture round for Livspace, a home renovation platform, which highlights their interest in the renovation and remodeling sector. This investment reflects their commitment to enhancing home living experiences, further solidifying their relevance in the renovation and remodeling industry.


13. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity investment firm based in Luxembourg, founded in 2005. It specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant acquisitions in the renovation and remodeling context, such as the acquisition of Neolith Group, a sintered-stone manufacturer, which is relevant for high-end construction and design projects. Additionally, their acquisition of Paroc Group, a leading producer of stone wool insulation, highlights their involvement in the building materials sector, which is crucial for renovation and remodeling activities. These transactions demonstrate CVC's commitment to investing in companies that play a vital role in the construction and renovation industries.


14. AMAVI Capital

  • Website: amavi.capital
  • Type: Venture Capital
  • Headquarters: Nazareth, Flanders, Belgium
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: amavi-capital

AMAVI Capital is a venture capital firm based in Nazareth, Flanders, Belgium, founded in 2020. The firm specializes in backing businesses that are radically reshaping the built world, with a focus on PropTech and ClimateTech. AMAVI Capital connects traditional real estate leaders with innovative startups, creating strategic opportunities for growth. Notable transactions include a €1M investment in Finch Buildings, a Dutch sustainable building company, aimed at expanding its operations in Belgium, and a €2M investment in GBuilder, a Finnish ConTech company, to support its international expansion. Additionally, AMAVI participated in a significant funding round for LEKO Labs, which focuses on scaling software and robotics in construction across Europe. These investments highlight AMAVI's commitment to advancing sustainable practices in the built environment, making them a relevant player in the renovation and remodeling sector.


15. Soudal

  • Website: soudalgroup.com
  • Type: Corporate
  • Headquarters: Turnhout, Flanders, Belgium
  • Founded year: 1966
  • Headcount: 1001-5000
  • LinkedIn: soudal

Soudal Group, founded in 1966 and based in Turnhout, Flanders, Belgium, is a prominent manufacturer specializing in sealants, adhesives, and polyurethane foams. With a workforce of 1001-5000 employees, Soudal serves a diverse customer base, including professionals in the construction and industrial sectors, providing innovative solutions tailored to their needs. The company operates globally with a strong focus on sustainability and product development. Notably, Soudal has made strategic acquisitions to bolster its presence in the renovation and remodeling market. For instance, the acquisition of Tramico in February 2023, a leader in waterproof joint sealing and noise insulation, enhances Soudal's product portfolio relevant to joint sealings and window construction. Additionally, the acquisition of Profflex in 2019, a local foam producer in Russia, and Seal Systems in Ireland, further strengthens Soudal's network across Europe, emphasizing their commitment to expanding their offerings in the construction sector.


16. ArcelorMittal Luxembourg


ArcelorMittal Luxembourg is a corporate investor and a leading steel manufacturer founded in 1911, based in Luxembourg. The company produces a wide range of steel products that are crucial for construction and infrastructure projects. In recent years, ArcelorMittal has made significant acquisitions to strengthen its position in the construction sector. Notably, they acquired Architectural Steel Ltd in May 2022, which enhances their metal building envelope offerings in the UK market, supporting growth in the construction industry. Additionally, in May 2024, they acquired the Italian and Spanish businesses of Italpannelli SRL, further expanding their capabilities in the panel business, which is relevant for renovation and remodeling projects. With a strong emphasis on sustainability and low emissions, ArcelorMittal is committed to responsible steel production, making them a relevant player in the renovation and remodeling market.


17. Lrm

  • Website: lrm.be
  • Type: Venture Capital
  • Headquarters: Hasselt, Flanders, Belgium
  • Founded year: 1994
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: lrmnv

LRM is an investment company based in Hasselt, Flanders, Belgium, founded in 1994. It focuses on sustainable economic growth in the Limburg region by providing financing and expertise to startups, scale-ups, and mature companies. LRM is involved in real estate development and the reconversion of old mining sites, contributing to the region's economic ecosystem. Notably, LRM has invested in Machiels Building Solutions, which raised funds in 2017, indicating their interest in the construction and building solutions sector. Additionally, their investment in Diresco in 2007 further showcases their engagement in industries that may intersect with renovation and remodeling activities.



Renovation and Remodeling Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Triton PartnersLuxembourg201-50019976
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
European Investment Bank (EIB)Luxembourg1001-5000195899
Waterland Private EquityBussum, North Holland, Netherlands201-50019997
CobepaBrussels, Brussels, Belgium11-5019572
AkzoNobelAmsterdam, North Holland, Netherlands10001+17920
GimvAntwerp, Flanders, Belgium51-20019808
NPM CapitalAmsterdam, North Holland, Netherlands11-5019481
ImmobelBrussels, Brussels, Belgium51-20018630
AstorgLuxembourg51-20019988
Ingka InvestmentsLeiden, South Holland, Netherlands51-20020184
IKEA GroupDelft, South Holland, Netherlands10001+19430
CvcLuxembourg1001-5000200516
AMAVI CapitalNazareth, Flanders, Belgium11-5020203
SoudalTurnhout, Flanders, Belgium1001-500019660
ArcelorMittal LuxembourgLuxembourg1001-500019111
LrmHasselt, Flanders, Belgium51-20019941


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