Overview

Belgium-headquartered KINOLT was established in 1989. The Company designs, manufactures and maintains mission-critical dynamic uninterruptable power supply (“Dynamic UPS”) systems for top-tier customers in EMEA, the Americas and Asia Pacific through its worldwide network of 13 group companies complemented by a network of distributors.

During our investment, KINOLT saw significant international expansion through the success of its unique NO-BREAK KS® Dynamic UPS systems which ensure that its customers are protected from power supply failures. This is a mission-critical product for its customers, which include data centres, hospitals, airports, banks, road and railway tunnels.

Highlights under our ownership

• Technologically leading position sustained through the expansion of its international sales organisation, and continued investment in product innovation
• Double-digit annual sales growth, underpinned by attractive market fundamentals and the growth of the international sales network
• Introduced Peter Grosch as Executive Chairman and Mike Tobin OBE as Non-Executive Director via our Business Leaders Network

Regulatory information 
This transaction involved a recommendation of 3i Investments plc, advised by 3i Benelux.