Investments &
divestments 2024
- Our evolving portfolio -
In 2024 we completed
3 Investments
SmartSD (March 2024)
Easyfairs (July 2024)
Ascentiel (December 2024)
2 Exits
Degroof Petercam (June 2024)
Climater (closed March 2025)
Investments

Online B2B distributor of security and fire safety solutions

Founded in 2008 and based in Breda, the Netherlands, SmartSD is the largest and fastest growing “value-added” distributor of security and fire safety solutions in the Benelux. It employs ca. 110 employees and serves a customer base of roughly 6,000 professional safety equipment installers.
Its portfolio includes a wide range of security and fire products such as video surveillance, intrusion detection, access control and fire detection from nearly 100 premium brands. In 2019 the Company started its expansion in Europe with two successful acquisitions completed in France.
Acquisition date: March 2024
B2B & B2C trade fair and event organizer
Easyfairs is one of the largest pan-European event and trade fair organisers. Based in Brussels, the company organises 110 event titles across 12 different countries, 50 different venues (of which 8 are owned by the company) and in 12 industry verticals, including packaging & logistics, manufacturing, industrial processing, hospitality and construction.
The company welcomes annually more than one million visitors and 23,000 exhibitors to its events.

Discover more about Easyfairs in the
interview with Eric Everard on page 42.
Acquisition date: July 2024
Online insurance brokerage in Property & Casuality (“P&C”) with a focus on specialty niches

Ascentiel Groupe is a leading digital insurance brokerage platform specializing in Property & Casualty (P&C) insurance for individuals and small businesses across various specialty niches.
Established in 1970, the company has built a robust reputation in motor insurance, focusing on near-to-sub-standard risks. In recent years, Ascentiel has diversified into pet insurance, inherent defect insurance for construction professionals, and expanded its geographic footprint into Spain and Portugal.
With a fully digital customer experience, Ascentiel manages over 220,000 contracts in partnership with top insurers in France. The company employs over 180 people across its headquarters in Rueil-Malmaison and offices in Aix-en-Provence and Madrid.
Acquisition date: December 2024