3i has acquired Royal Sanders, a Dutch manufacturer of shampoo and shower gels, from Egeria.
Royal Sanders sells shampoo, shower gel and hand wash via private label, contract manufacturing and its own brands, which include Van Gils, Sanicur and Odorex. The company, whose main end markets are the Netherlands, Germany and the UK, has grown sales at a compound annual rate of 13 per cent over the last decade.
The business has around 350 employees at facilities in Vlijmen, Netherlands and Preston, UK. It generates turnover of around €150m.
3i intends to pursue a buy-and-build strategy across a range of geographies, drawing on its experience with soft drinks bottler Refresco.
Egeria acquired Royal Sanders from Bencis Capital Partners in January 2015.