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Baltisse

Capital in search of excellence

Baltisse is the family and investment office for Mr Filip Balcaen’s family.

Background

Continuous investment in modern manufacturing facilities.

Filip Balcaen has been active in the floor-covering industry worldwide through Balta, producer of broadloom carpets, area rugs and laminate floors, and IVC Group, producer of resilient floorcoverings (vinyl sheet and luxury vinyl tile (LVT)). Both of these companies held market leading positions in the European residential market, with a strong and growing foothold elsewhere (particularly in the US and Russia).

These positions were achieved by delivering quality products and related services to customers. Both companies delivered healthy profit margins resulting from continuous investment in modern manufacturing facilities with a strong focus on operational excellence. In 2004, Balta was sold to Private Equity Firm Doughty Hanson (UK). In 2015, IVC Group was sold to Mohawk Industries (USA), world leader in the floor-covering industry. Despite having sold its historic floor-covering businesses over recent years, Baltisse remains deeply involved in industrial activities, and floor-covering in particular.

This involvement is enhanced by the fact that following the sale of IVC Group to Mohawk Industries, Filip Balcaen became an important shareholder and non-executive director on the board of Mohawk Industries, world leader in the floor-covering sector.

DNA

The willingness to invest in people and opportunities

Baltisse’s investment policy is based on those factors which have led to its success in the floor-covering business: “The willingness to invest in people and opportunities with the ambition to achieve operational excellence.“

Baltisse focuses on three areas of investment, all holding equal importance within the firmReal EstatePrivate Equity and Asset Management

Principles & values

Honest, ethical and loyal business conduct is vital

Baltisse believes honest, ethical and loyal business conduct is vital to making well considered investments. Quick and efficient decision-making is a trademark, with a keen eye for potential improvement, coupled with an urge to excel and work hard. Typical characteristics which define the famous entrepreneurial spirit of West Flanders. Baltisse supports entrepreneurship and stimulates economic growth, always acting discreetly.