Building Mid-Cap Leaders in the Benelux

About

IceLake Capital is a private equity firm with a focus on the business services and software sectors in the Benelux.

We invest in profitable companies with strong market positions that can benefit from our support in executing their growth strategies, such as buy & builds and international expansion. Our ambition is to build small-cap companies into the mid-cap leaders.

Specific investment criteria include:

  • Leading position in (niche) market segment
  • Solid cashflow generation
  • Experienced and entrepreneurial management team
  • Significant opportunity for buy & build and/or organic growth

Experience

IceLake was founded by experienced private equity professionals and entrepreneurs who have extensive experience with building and growing companies. IceLake has done this by supporting entrepreneurs and as entrepreneurs ourselves.

Team

Bastiaan Hagenouw

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Vincent Lüning

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Matteo Racca

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Rogier Veerman

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Conny de Ruiter

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Bastiaan Hagenouw

Partner bastiaan.hagenouw@icelakecapital.com Linkedin 

Previous experience: International Bike Group (Fietsenwinkel.nl), McKinsey and Lehman Brothers
Bastiaan is a partner at IceLake Capital. Before founding IceLake, Bastiaan was the founder and CEO of International Bike Group (Fietsenwinkel.nl), the largest bicycle retailer in The Netherlands, Belgium and Denmark. Previously, he worked at McKinsey and Lehman Brothers. Bastiaan studied Industrial Engineering and Management Science at Eindhoven University.



Vincent Lüning

Partner vincent.luning@icelakecapital.com Linkedin 

Previous experience: Standard Investment, HgCapital and UBS Investment Bank
Vincent Lüning is a partner at IceLake Capital. Before founding IceLake, Vincent gained extensive private equity experience at Standard Investment and HgCapital. He started his career at UBS Investment Bank in M&A and Leverage Finance. Vincent has an MBA from INSEAD and studied Economics at Maastricht University.



Matteo Racca

Partner matteo.racca@icelakecapital.com Linkedin 

Previous experience: Gilde Healthcare, Parcom Capital, McKinsey and Lehman Brothers
Matteo is a partner at IceLake Capital. Before founding IceLake, Matteo gained extensive private equity experience at Parcom Capital and Gilde Healthcare, where he was a Partner. Previously, Matteo worked at McKinsey and Lehman Brothers. Matteo has an MBA from INSEAD and studied Econometrics and Economics at Erasmus University Rotterdam and Bocconi University in Milan.



Rogier Veerman

Associate rogier.veerman@icelakecapital.com Linkedin 

Previous experience: Bank of America Merrill Lynch
Rogier is an associate at IceLake Capital. Before joining IceLake in 2019, he was an associate at Bank of America Merrill Lynch in London, where he worked in the investment banking team advising on M&A and capital markets transactions. Rogier has an MSc in Finance & Investments from Erasmus University Rotterdam.



Conny de Ruiter

Finance Manager conny.deruiter@icelakecapital.com

Previous experience: Parcom Capital
Conny is a finance manager at IceLake Capital.
Before joining IceLake in 2019, Conny spent over 15 years as a financial accountant at Parcom Capital in the Netherlands. Prior to that, she spent over 10 years in accounting and finance roles in different industries.

Approach

We have an active approach in supporting entrepreneurs and managers with improving, building and growing their businesses into great companies. Our approach is collaborative, pragmatic and focused on the long term.

After investing in a company, we work together with management to create strategic and operational plans and provide the support necessary to realize these plans.

We have substantial experience in managing entrepreneurial succession, international expansion and buy and builds. We have developed tools that enable companies to rapidly implement best practices to improve and build the organization and processes to support the growth of the business.

Portfolio

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