GIMV NV Completes Successful Capital Increase
Deal News | Feb 07, 2025 | GIMV NV (ENXTBR:GIMB)
GIMV NV, a private equity firm, announced the successful completion of a capital increase through a public offering and private placement of scrips, achieving 100% subscription from both existing and new investors, totaling EUR 246.8 million. CEO Koen Dejonckheere and CFO Kristof Vande Capelle emphasized the strategic importance of this event, which aligns with GIMV's growth ambition to double its portfolio and add value for shareholders. The raised funds, netting approximately EUR 242.1 million after costs, aim to foster the firm's growth by investing in leading companies. WorxInvest's shareholding in GIMV will rise from 29.9% to 32.3% following their subscription commitment. The new shares are expected to be deliverable and tradable on Euronext Brussels from February 11, 2025. Joint Global Coordinators and Bookrunners for the transaction include KBC Securities, Belfius Bank, and others. The company temporarily suspended trading on Euronext Brussels but expects to resume following the transaction's completion.
Sectors
- Private Equity
- Financial Services
Geography
- Belgium – GIMV NV is headquartered in Belgium, and the transaction is poised to have significant economic impacts locally.
- Europe – The capital increase involved international investors, indicating the broader European involvement in GIMV NV’s funding activities.
Industry
- Private Equity – GIMV NV is a private equity firm involved in capital management and investment aimed at creating portfolio growth and value addition.
- Financial Services – The article pertains to GIMV NV's successful capital increase, involving financial transactions including public offerings and private placements.
Financials
- EUR 246,794,370 – The total amount raised through the public offering and private placement of scrips.
- EUR 242,100,000 – Net proceeds from the offering after deduction of estimated costs and expenses.
- EUR 0.48 – Net proceeds per unexercised Preferential Right from the sale of the Scrips.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GIMV NV | Target Company | Company | GIMV NV is a private equity firm that recently completed a capital increase to bolster its growth strategy. |
| Koen Dejonckheere | CEO | Person | Koen Dejonckheere is the CEO of GIMV NV and commented on the strategic importance of the capital increase. |
| Kristof Vande Capelle | CFO | Person | Kristof Vande Capelle is the CFO of GIMV NV, involved in the discussions about the importance of the capital increase. |
| WorxInvest | Investor | Company | WorxInvest is an investor in GIMV NV, increasing its shareholding from 29.9% to 32.3% following the capital increase. |
| KBC Securities | Joint Global Coordinator and Joint Bookrunner | Company | KBC Securities acted as a Joint Global Coordinator and Joint Bookrunner for GIMV NV’s capital increase transaction. |
| Belfius Bank | Joint Global Coordinator and Joint Bookrunner | Company | Belfius Bank, in cooperation with Kepler Cheuvreux, acted as a Joint Global Coordinator and Joint Bookrunner for the transaction. |