Investment group Gilde Buy Out Partners has raised its offer for fixtures and fittings maker Nedschroef to €59 per share, increasing the company’s value to €258m.

Gilde brought out a non-binding offer of €57 a share in January. The new price represents a premium of 27% on Neschroef’s closing price on January 12. A group of investors representing some 62% of the share capital and Nedschroef’s management have already backed the new offer.