Hogan Lovells advises the lenders on the acquisition of NMi Group by Bridgepoint

Bridgepoint has agreed to acquire NMi Group, a premier Dutch Testing, Inspection, Certification, and Calibration (TICC) business, from Levine Leichtman Capital Partners (LLCP) following a highly competitive auction. The transaction marks a significant milestone in NMi’s growth journey and underscores continued investor interest in the European TICC sector. The acquisition will be financed by Park Square Capital and SMBC Group.

Founded in 1937 and headquartered in Delft, the Netherlands, NMi is a trusted provider of mission-critical assurance services across sectors including electric vehicle infrastructure, smart metering, medical devices, and mobile payment technologies. Under LLCP’s ownership, NMi has experienced transformative growth, quadrupling its revenue and expanding its workforce from 80 to over 300 employees through a successful buy-and-build strategy.

The financing structure reflects strong lender confidence in NMi’s resilient business model, robust growth trajectory, and Bridgepoint’s strategic vision for the company.

The transaction is subject to customary regulatory approvals.

The Hogan Lovells team includes Amsterdam-based partner Wouter Jongen, counsel Douglas Gibbs and senior associate Art van der Pols; and London-based partner Paul Mullen and senior associate Thomas Nickols.

About SMBC Group in EMEA 

A trusted partner for the long term

Sumitomo Mitsui Banking Corporation (SMBC) is a core member of Sumitomo Mitsui Financial Group (SMFG), a Tokyo-based bank holding company that is ranked among the largest banks globally by assets under management. The Europe, Middle East and Africa (EMEA) Division is an integral part of SMBC Group’s Global Business Unit. Having first established an office in London over a century ago, SMBC has steadily grown its footprint across the region, and today has a network of over 30 offices in 20 cities, consisting of branches, representative offices and subsidiaries. SMBC Bank International (registered in the UK) and SMBC Bank EU AG (registered in Germany) are wholly owned subsidiaries of SMBC and are responsible for the management and control of much of the Group’s activities across EMEA.  

Through its combined entities, the EMEA Division delivers a universal banking platform and a full suite of corporate finance solutions to its customers. SMBC’s Corporate and Investment Banking platform offers a broad range of wholesale banking products and services in corporate, structured and trade finance, leveraged finance, loan capital markets, treasury, and asset financing and leasing.  

In addition, it provides investment banking and advisory services and a range of innovative solutions in global capital markets. 

About Park Square Capital

Park Square Capital is a leading private credit investor, providing senior debt, mid-market direct loans, subordinated debt and structured equity to private equity-backed companies in Europe and the US. The firm has a selective, long-term and flexible investment approach, aimed at delivering attractive risk-adjusted returns across market cycles. Founded in 2004, Park Square Capital has invested more than $29bn and today manages $17bn of capital on behalf of its investors, which include global public and private pension funds, sovereign wealth funds, insurance companies, family offices and asset managers. Park Square Capital has more than 120 staff, with offices in London, New York, Paris, Frankfurt, Stockholm, Tokyo, Seoul, Luxembourg, Sydney, and Dallas.

For more information, please visit www.parksquarecapital.com.