Vermeulen Capital Management

The Vermeulen family's wealth stems from a mid-20th-century Dutch enterprise specializing in maritime equipment maintenance and logistics. The business scaled across major North Sea ports before a strategic exit to a pan-European consolidator, generating the liquid capital that now funds the family office's investment activities.

It pursues control-oriented buyouts of European industrial companies with EBITDA between €5 million and €20 million, targeting firms with significant tangible asset bases. The office uses permanent family capital rather than a blind-pool fund, allowing indefinite hold periods and conservative underwriting.

Yes. In January 2023, it acquired a minority co-investment position alongside Waterland Private Equity in a Benelux packaging equipment manufacturer, demonstrating a willingness to partner with regional sponsors on transactions that exceed its independent deal size capacity.

The office concentrates on Dutch logistics and last-mile distribution centers, a sector closely aligned with the family's historical operating knowledge of port infrastructure. The strategy emphasizes income-producing assets near key transport nodes like Schiphol and Rotterdam.

The office operates from a single Amsterdam location with a lean internal team, outsourcing legal and deal-sourcing due diligence to a network of regional advisory boutiques. Portfolio company operating decisions remain with subsidiary management, while strategic capital allocation is centralized within the family office.