BlueMill · PRIVATE EQUITY
Europe’s next
market leadersalready exist.
We help founder-led niche leaders grow across borders, with the capital, management strength and acquisition experience to do it well.


IN OUR PORTFOLIOThe next chapter at Baktotaal
THE BlueMill PERSPECTIVE
What we bring
to the next chapter.
For founder-led niche businesses with the ambition to grow across borders. Three strengths, brought together around the company.
01
Knowledgeable capital
Independent thinkers and pragmatic perfectionists.
02
Strategic partnership
A genuine relationship with a clear and aligned focus.
03
Execution power
Operators with unparalleled track records.
SINCE 2011
MKB Fonds
Renowned investor who backed more than 100 founder-led SMEs.
SINCE 2026
BlueMill
Established for larger deals and European expansion, compounding the team’s collaborative, entrepreneur-focused approach with greater scale and ambition.
Our investment focus
Company selection criteria. These are not investor subscription amounts.
Target EBITDA€3–10m
Target company EBITDA.
A foundation for the next market.
Starting pointBenelux
Our starting point.
Europe is the growth direction.
Majority stake50–75%
Typical majority ownership.
Room for founders to remain owners.
WHO WE SERVE
One way of working.
For all stakeholders.
Founders
Your life’s work is not a transaction.
It is a decision about the company, the people and your own next chapter. There should be room to think it through.
Institutional investors
An investment case that stands up to questions.
Explore the focus, people and governance behind BlueMill. Investor Relations can discuss your mandate and the information you need to assess it.
Family offices
A direct conversation about the way we invest.
Explore the people, judgement and company focus before discussing the terms relevant to your own situation.
Our companies
Businesses with a story worth understanding.
Read what each company does, the reason for the investment and the development being pursued.
OUR COMPANIES
Each next chapter starts
with a real business.

LOBECO · FIRE & SECURITY
Specialist knowledge.
Room to grow.
Electronic security expertise across the Benelux. BlueMill supports Lobeco’s ambition to strengthen its market position and grow internationally through targeted acquisitions.
INSIDE BlueMill
The stories that
shape BlueMill.
M&A AWARDS · SHORTLIST2026BEST DEAL SMALL CAP
Visi Group nominated for Best Deal Small Cap 2026.
BlueMill’s first deal is on the shortlist of the M&A Awards 2026.

Places with history. Conversations with purpose.
Historic settings give room for reflection and considered conversation.
Good causes. Considered involvement.
BlueMill supports good causes. Explore the principles behind our wider involvement.
MORE ABOUT BlueMill

ASK BlueMill
A focused question.
A useful answer.
Explore our focus, people and approach. When a question needs a personal conversation, we will point you towards the team.
Ask BlueMill
Your guide to BlueMill
Answers use only information published on this website, in English. No live AI or personal investment advice. For anything else, contact BlueMill.