For more information please contact:
Gerald L. Mars
May 31, 2016 – Joolz, one of the fastest growing premium stroller brands in the infant and juvenile industry, has received a minority investment from Gimv, a Belgium-based investment firm, to support the Company’s further geographical expansion, both in Europe and abroad, as well as the launch of new products.
ROTH Capital Partners served as exclusive financial advisor to Joolz.
“ROTH did an extensive international search in Europe, the United States and Asia. Based on ROTH’s experience with fast growing consumer brands and in particular, those within the infant and juvenile sector, we were highly confident they would find the right partner for Joolz. We are very happy to have partnered with Gimv; as we believe they are the right group to help fulfill our ambition to become a global, premium and meaningful stroller brand in the baby industry,” said Joolz founder Emile Kuenen and Managing Director Stan Vermeulen.
Paul Zaffaroni, Managing Director at ROTH, added, “Emile and Stan have built one
of the premier premium stroller brands in the industry and Gimv is the right partner to help them accelerate their growth in Europe and abroad.”
Terms of the transaction were not disclosed.
Joolz is a fast-growing Dutch company from Amsterdam (founded in 2004) that designs and manufactures ergonomic
strollers and accessories. Our stylish and comfortable strollers are designed around the needs of the human body of both parent and child. It is with good reason, that the Joolz Geo was awarded the “Best of the Best” Red Dot Design Award in 2015. Our goal is to inspire young families to live a positive life; from pregnancy to the first day at school. We call this Positive Design. This is reflected in our ergonomic products, re-usable packaging, the Joolz Birth Forest, the partners with whom we work and the steps we take in the area of sustainability. Currently, Joolz is available in 25 countries in Europe, Asia and Australia. For more information, please visit:
(Source: Company Website | 5/26/2016)
Gimv is a European investment company with over three decades experience in private equity and venture capital. The company is listed on Euronext Brussels. Gimv currently manages around 1.8 billion EUR (including co-investment partnerships) of investments in ~50 portfolio companies. As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them in their transformation into market leaders. Gimv’s four investment platforms are: Connected Consumer, Health & Care, Smart Industries and Sustainable Cities. Each of these platforms works with a skilled and dedicated team across Gimv’s home markets of the Benelux, France and Germany and can count on an extended international network of experts. For more information, please visit:
http://www.gimv.com. (Source: Company Press Release | 4/28/2016)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit