Hebo Maritime Group

Achieving Growth Goals Together

From €6M to €25M in EBITDA growth
€ 6 M
Top Players Merge to Become Market Leader
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Year of Participation
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Introduction

In 2017, O2 Capital Partners invested in HEBO, a maritime service provider headquartered in Zwartsluis. The second generation of the family had been at the helm for several years by then and had clear growth ambitions. For example, there were plans to expand the fleet and to further grow the business in Rotterdam. That ambition aligned with what O2 Capital Partners stands for: supporting entrepreneurs in realizing concrete growth plans.

Our Collaboration

Participation from 2017 to 2024

2017

O2 Capital Partners Invests

Family Aims for Ambitious Further Growth

A shared vision between the
family and O2 Capital Partners brought us together at
: to continue growing together

2017

2018

Purchase of HEBO Lift 9

Fleet expansion with the largest
floating derrick to date

Guided purchase, bank financing arranged by

2018

2019–2023

Professionalization of the Organization

Management team recruited;
new role for the family

Process improvements implemented at
; financing structure optimized

Management Sparring Partner

Facilitated Management Participation

2019–2023

2022–2023

Major Investment Program

Multi-million investment, significant expansion of equipment
A sounding board for key strategic decisions regarding investments. Provided pre-financing and managed refinancing
2022–2023

2023

Merger of Bonn & Mees

Merger with Largest Competitor

Transaction completed

2023

2024

Transfer to the family

Family Acquires Stake in O2 Capital Partners

"Sale 'back' to family"

2024

In summary

O2 Capital Partners immediately demonstrated its confidence in the family’s vision by acting swiftly. After just four months, the purchase of the HEBO-lift 9 marked the largest fleet expansion to date. A new location in Rotterdam was also secured to facilitate further growth. Despite the impact of the COVID-19 crisis, the partners subsequently made significant joint investments in professionalizing the organization.

A CEO and CFO were brought in from outside the company, business processes were streamlined, and O2 Capital Partners provided practical support to the sales and maintenance organization to prepare HEBO for the next phase. These efforts paid off in 2022–2023 with the rollout of a major investment program and the completion of the long-awaited andstrategically important merger with Bonn & Mees.

After seven wonderful years, this successful partnership has come to an end, and the financially sound company—which has retained its unique family DNA—has been returned to the family.