JBR M&A transaction

Moon Special Products and Nordian

JBR acted as M&A advisor to the Maan Group in the carve-out and sale of Maan Special Products, to Nordian.

JBR Corporate Finance's deal team consists of:
Ronald van Rijn, Thomas van Amerongen, Levi Schuurman and Pieter de Jong

Author: Ronald van Rijn

Managing Partner JBR
LinkedIn

Nordian acquires majority stake in Maan Special Products.

JBR guided the shareholders in attracting an investor.

Investment company Nordian has joined Maan Special Products as a new majority shareholder. Maan Special Products is a unique supplier of ultra-thin foils and adhesives to the global high-tech and semiconductor industries. The transaction was completed by the end of February 2025.

Facts and figures

Moon Special Products

Maan Special Products is a specialist in ultra-thin foils and adhesives within the high-tech industry and the Company is characterized by a high innovative character.

Founded in 2001, in Raalte (OV), the Company has more than 20 years of experience in the field of ultra-thin foils and adhesives. Maan Special Products' products are supplied to market leaders within the high-tech and semiconductor industry, such as ASML, Zeiss, and VDL, among others;
The ultra-thin foils can serve as a protective layer in highly sensitive (chip) machines or for sealing gaps between machine parts. In addition, the Company also treats surfaces of semi-finished products from other suppliers. Here, Maan Special Products applies a coating that makes a surface hydrophobic (water-repellent) or hydrophilic (water-attractive), for example;
Maan Special Products has over ^650M2 of Cleanroom facilities and also has an extensive laboratory for in-house Research & Development. In total, the Company employs approximately 40 people;

Nordian

Nordian is an investment company that focuses on medium-sized Dutch companies and invests in the company together with the management team and/or the DGA

Nordian was founded in 2014 and emerged from the former Friesland Bank and Rabo Private Equity
As an investment company, Nordians does not focus on one specific sector, but on sectors and companies with a distinctive customer proposition, innovative R&D, an efficient organization and an entrepreneurial corporate culture
Since its founding, Nordian, has invested in more than 35 different companies and has more than €500 million under management

Wednesday, Feb. 26, 2025

Press Release

Nordian invests in Maan Special Products, a leading provider of high-performance adhesive solutions.

Maan Special Products, based in Raalte, specializes in the production of innovative adhesive solutions used in ultra-thin films and seals. The products are mainly used in high-tech industries, such as the semiconductor, medical and analytical markets.

Maan Special Products has experienced impressive growth in recent years. This strong foundation makes the company ready for the next phase: further expansion into new end markets. In this new phase, CEO Bart Oude Wesselink will remain involved in the management of Maan Special Products.

Bart Oude Wesselink, CEO of Maan Special Products, said, "We are delighted to welcome Nordian as a strategic partner. Maan Special Products is growing strongly and we see many opportunities to accelerate this growth together with Nordian. From the beginning there was a strong click with Nordian, and we look forward to a successful collaboration."

Perry Bos, Partner at Nordian, added: "We are impressed by the growth and innovative strength that Maan Special Products has shown in recent years. The company's strong market position and innovative DNA provide a solid foundation for further expansion. We look forward to entering a new phase of growth and development together with the management team."