Funds advised by Castik Capital S.à r.l. (“Castik”) have entered into an agreement to acquire a majority stake in Customs Support Group (“CSG”) from Mentha Capital and CSG’s founder Oscar Driessen, who will remain a minority shareholder and advisor to the business. In addition, the management will stay on board and (re)invest in the business.
Rotterdam-based CSG is a leading independent customs services provider in Europe. With more than 450 customs experts, the company provides a comprehensive range of customs related services to over 7000 customers.
CSG is established in several European countries (Netherlands, Belgium, United Kingdom, France, Germany, and Poland) in addition to its network of partners in further European countries. Through its multiple locations and partner network, CSG is in close proximity to customers, logistics hubs and customs offices ensuring long-standing relationships and local insights for its many international customers.
In the last years, CSG has proven to be a fast growing and dynamic company that next to strong organic growth has managed to successfully acquire and integrate 18 add-ons. Furthermore, the company is investing in digitizing customs related processes for its customers, in an industry that is expected to face a substantial increase in demand given the upcoming Brexit.
Castik aims to support CSG and its leadership team in continued organic and acquisitive growth as well as the ongoing digitisation of the industry in order to continuously create value for all stakeholders.
Castik was advised on the transaction by Skadden (legal), EY (financial), Kearney (commercial), Houlihan Lokey (debt financing), White & Case (debt), PWC (tax), Ommax (digital), and Netlight (technical).
Castik Capital S.à r.l. (“Castik Capital”) manages investments in private equity. Castik Capital is a European Private Equity firm, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.
Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund, EPIC II SLP. The advisor to Castik Capital S.à r.l. is Castik Capital Partners GmbH, based in Munich.