Investors Selling Desso to Private Equity Firm

Waalwijk, The Netherlands, Feb. 4, 2011 -- Carpet company Desso Group BV said that its owners, NPM Capital and management, have decided to sell the company to Dutch private equity firm Bencis Capital Partners, and the current management will continue to invest in the company.

The deal is contingent on approval from regulators as well as bank financing, the company said in a press release.

Stef Kranendijk, CEO Desso Group: "In NPM Capital we have an excellent shareholder, who has always actively supported the Management Board in the execution of its plans. Despite the economic crisis, Desso's market share and profitability have developed from year to year very favorably over the past four years. We thank NPM Capital for the terrific cooperation over the past four years."

The company said its goal with the transaction is to strenghthen its position in Europe and grow its business in Latin America and Asia.