SHV Holdings,' NPM Capital fund reinvested in online grocery retailer Picnic as part of a round that will fund construction of a huge new distribution centre.
Netherlands-based online grocery retailer Picnic has secured €250m ($275m) in funding from investors including NPM Capital, a vehicle for trading group SHV Holdings, DutchNews reported on Wednesday.
The round included Hoyer, De Rijcke and Finci, which represent the Hoyberg, Kruidvat and Van der Wal families respectively, all three entities having joined NPM in a $108m round for Picnic in early 2017. Financial services firm ABN Amro put up €50m of the round in the form of a loan.
Founded…
