Riflebird is a closed group of private investors with a common long term investment approach of creating enduring profitability through own operational involvement or strategic reorientation.
Originated as a spin-off from Andlinger & Company (, Riflebird broadened its range together with likeminded private investors, creating a strong platform of investment and operational experience.


Closed group of private investors.
No maximum holding period, open ended financial commitment.
No restrictions by fund policies or rules.
Flexible in investment selection, price structure, reps & warranties, transaction structure, etc.
Create value through own operational involvement, either through profitability improvement and/or growth.
Offer extensive business development experience and a broad network, supporting all of our portfolio companies.
Quick decision making, limited and efficient board meetings, common sense approach tailored to each individual company’s needs.

Investment focus

  • Innovation champions or strong niche players, preferably with potential to improve.
  • Turnovers € 20 – € 200 million.
  • Potential to establish proprietary know-how based on technology, sales network, asset base, distribution system, etc., resulting in high barriers to entry.
  • European or worldwide operations or potential to expand.
  • Special situations with potential for improvement:
    • initiation or reinforcement of international growth,
    • innovation through product re-engineering and design,
    • improvement or reorientation of sales strategy toward margin increase based on technological advantages,
    • pricing strategy improvement,
    • carve-out issues,
    • production efficiency and flow optimization,
    • lean production and operations, lean organization and organizational improvement,
    • plant lay-out improvement.
  • B2B or industrial client base.
  • Primarily industrial and/or technical companies.
  • Sectors of no interest: consumer goods, retail, consumer ready food, media, financial institutions.
  • Central and Northern Europe with focus on Benelux and Germany.
  • Enterprise value in the range of € 10 – 100 million.
  • 100 % ownership preferred, full control required.
  • Management participation preferred.
  • 50 % financing leverage preferred, or as appropriate for specific transactions.


Selection of previous and current investments managed by Riflebird partners:
Acquired in 2001, current.
Standardkessel Baumgarte:
Acquired in 2007, divested in 2010.
Choice Genetics:
Acquired in 2002, divested in 2010.


Francis Coucke, investment team member
Francis Coucke

Managing partner

General Strategy

Deal Selection

Filip-Ackerman, investment team member
Filip Ackerman

Managing partner

Transaction Management

Financial Structuring

Sylvia Gilis, investment team member
Sylvia Gilis

Managing partner

Head of acquisitions

Strategy & Sales

Hein Stoops, investment team member
Hein Stoops


Deal sourcing & Selection

Financial & tax management of or support to portfolio companies

Tim Beulens, investment team member
Tim Beulens


Manufacturing engineering

Operations management and lean production

Corporate M&A Management

Business Development

Brandaan Mombaers, investment team member
Brandaan Mombaers

Attorney Seconded to the Company

Legal & Compliance, Deal structuring

Legal management of or support to portfolio companies


Sylvia Gilis
+32 477 41 45 03
Hein Stoops
+31 6 132 245 51