Founded in 1891, Otolift is the Dutch market leader of stairlifts and exports to 48 countries through its extensive network and several sales offices in Europe and in the United Kingdom, as well as third party distributors internationally. The company have benefited historically from secular trends and have seen accelerated sales growth in recent years driven by their international expansion and innovative products.

Otolift, now employing approximately 700 people, offers high-quality customised products in short delivery times through its two manufacturing facilities across Europe using market-leading production techniques, then ensuring the maintenance of the stairlifts post sale.

Barings acted as lead lender to Otolift and NPM Capital in Otolift’s first leveraged buy-out process, providing senior secured facilities to support the acquisition of Otolift as well as additional committed facilities to enable the company to further expand.

Benjamin Gillet, Director, Barings Private Finance – Benelux:
“Otolift is a leading European manufacturer and installer of stairlift and the number one player in the Netherlands. Its growth benefits from strong and resilient tailwinds and the need for further mobility as people are living longer in the comfort of their home. It will also benefit from the expansion strategy in new countries and stronger market position in its current geographies.

“We are proud to support NPM Capital, with whom we have developed a strong relationship in recent years and are looking forward to strengthening it even further through this investment”.

Faas van Engelen, Director at NPM Capital:
“We are excited to work with Barings after their support in the acquisition of Otolift, and are looking forward to growing the company together to the next phase. Barings has proven to be a reliable and trustworthy partner thus far, and we look forward to cooperating more in the next years”.  

About Barings
Barings is a $338+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

*Assets under management as of September 30, 2022

About NPM Capital
NPM Capital has been part of SHV Holdings since 2000 and is long term investor with a strong track record in a broad range of sectors. They help their 20+ portfolio companies growing to the next phase of development and focus on long term value creation. The investment in Otolift will align with NPM Capital’s investment theme “Healthy Life” and further prove NPM Capital’s commitment to homecare and the mobility aid sector.

Media contacts

Sarah Einig
Barings
Sarah.Einig@barings.com
0207 214 1780