# Smile Invest

Smile Invest is a Private Equity based in Linden, Den Haag, Belgium.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Linden, Den Haag, Belgium
- **Region:** Europe
- **Address:** Diestsesteenweg 31a, B-3210 Linden, Belgium
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** smile-invest.com
- **LinkedIn:** https://www.linkedin.com/company/smileinvest

## Regulatory record

- **Reports private funds:** No

## About

Smile Invest is a firm that partners with and acquires companies in various sectors, including medical technology and IT services. They have invested in companies such as BAP Medical and 4ITEGO Group. Smile Invest also has a presence in the heating solutions industry through companies like Thermoduct and Magnum Heating.

## Sectors

- Advanced Technology
- Healthcare Services
- B2B Services
- Environmental Services

## Offices

- The Hague, Netherlands

## People

- Michel Delbaere — Investor / Board Member
- Jurgen Vandervelden — Investor / Board Member
- Bernard Thiers — Investor / Board Member
- Bart Van Muylder — Investor / Board Member
- Alexandre — Investor / Board Member

## Questions

### Who runs investment decisions at Smile Invest?

A dedicated investment team sources and proposes deals, but final approval rests with an investment committee that includes both the firm's professionals and the experienced entrepreneurs from its roughly 40 backing families. The board of directors — drawn from the same investor base — provides governance oversight.

### How does the firm source its deals?

Smile Invest operates as one unified Benelux team from offices in Linden, Belgium and The Hague, Netherlands. Its primary sourcing advantage comes from the deep industrial networks of its family backers, who are active operators and board members across the region's manufacturing, technology, and food sectors.

### Does Smile Invest participate in fund commitments or only direct deals?

Smile Invest focuses on direct equity investments — buyout, growth, and late-stage expansion — in Benelux-headquartered companies. While its strategy documents list secondaries as a capability, the core mandate is concentrated, active-ownership stakes rather than fund-of-funds commitments.

### Where does Smile Invest's capital come from?

The firm's capital is pooled from roughly 40 entrepreneurial families in the Benelux. Named backers include Crop's Holding founder Michel Delbaere, Diepensteyn family office lead Bart Van Muylder, Soudal-linked Jurgen Vandervelden, and former Unilin/Mohawk executive Bernard Thiers.

### What investment stages does Smile Invest typically target?

The firm targets buyout, growth, late-stage expansion, and management buyout transactions. Its evergreen structure gives it flexibility to support companies through multiple expansion cycles rather than forcing a sale at the end of a fixed fund term.

### Which sectors does Smile Invest explicitly focus on?

Smile concentrates on four themes: advanced technology, healthcare innovation and wellness, environmental solutions and sustainability, and B2B services. The firm applies these themes to companies headquartered in the Benelux with ambitions to scale internationally.

## Related profiles

- [Smilegate Investment](https://altss.com/profile/smilegate-investment)
- [SM Investors](https://altss.com/profile/sm-investors)

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Last updated: 2026-07-10T11:16:00.000Z

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