Gimv has acquired Alpine from Vendis Capital
Alpine
Alpine, founded in 1994 and headquartered in the Netherlands, is a leading international brand in passive, premium consumer hearing protection. The company operates in more than 65 countries worldwide, benefiting from strong global omni-channel capabilities. Alpine offers an extensive product portfolio of high-quality earplugs and earmuffs, designed to meet the evolving needs of consumers worldwide. Backed by a strong management team with a proven track record, Alpine emphasizes ESG principles, demonstrated by its recently acquired B-Corp status and focus on reusable products.
The passive hearing solution market is growing rapidly, with Alpine standing out as one of the global leaders in a fragmented landscape. Its strong international presence and well-executed multi-channel strategy—spanning OTC / retail, events and e-commerce—position the company for sustained long-term growth. The company enjoys attractive margins and strong cash conversion, driven by scale advantage and premiumization.
The Deal
The objective was to arrange a compelling, committed acquisition finance package to support a committed bid and ultimately the transaction. In addition, the package should enable the company to achieve their future strategic ambitions.
Our Perspective
Sander Thiadens, Lincoln International Managing Director who led the transaction, commented, “Lincoln’s connections and deep experience in the consumer end-market delivered an optimal result for the client. The transaction was smoothly executed within ambitious timelines, hitting transaction milestones on time and fully unburdening the client.”
Gimv
Gimv has more than 40 years of experience building leading companies. The sponsor forms fruitful partnerships with ambitious entrepreneurs and management teams focused on sustainable growth and value creation. As a premium, purpose-driven consumer brand, Alpine perfectly fits Gimv Consumer’s investment focus. The hearing protection market is benefiting from powerful underlying trends, including increased health awareness, a growing demand for more premium reusable alternatives and a heightened focus on ESG. As consumers shift away from disposable products toward innovative, sustainable solutions, Alpine is well-positioned to lead this transformation. The partnership reflects Gimv’s commitment to supporting consumer businesses that promote long-term consumer well-being while driving positive environmental and social impact.
We would like to thank the Lincoln team for their strong support on arranging a committed financing package. We are very satisfied with the outcome as well as the smooth process and collaboration. Bringing on board the expertise of the Lincoln team allowed us to focus on the business-critical elements of the transaction while staying in control on the financing workstream throughout the process.
Meet our Senior Team
View More Transactions in Capital Advisory & Consumer
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.