Gimv invested in Vandemoortele in 2009, when it provided a subordinated loan with warrants to Vandemoortele to strengthen the financial structure of the group. The warrants entitled Gimv, upon exercise, to a 23.58% stake in Vandemoortele. The Bank was the exclusive financial advisor of Vandemoortele for this transaction.
The family shareholders of Vandemoortele, through Safinco, now hold 100% of the share capital of Vandermoortele.
The corporate finance teams of Degroof Petercam based in Brussels and Paris acted on this transaction as exclusive financial advisor of Gimv. This transaction follows another important one for Gimv this year i.e. the sale of VCST, where Degroof Petercam acted as exclusive financial advisor to the acquirer, BMT.
Vandemoortele is a leading European food group that manufactures and sells high quality food products. Vandemoortele focuses on two activities: frozen Bakery Products and Margarines, Culinary Oils & Fats. In 2015 Vandemoortele realized a turnover of around EUR 1.36 billion with 5,000 employees. The Group is present in 12 European countries with own sales offices and/or production sites. Its headquarters are located in Ghent, Belgium.
More information on Vandemoortele can be found on www.vandemoortele.com.
Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv is listed on Euronext Brussels. Gimv currently manages around EUR 1.8 billion (including investment partnerships) of investments in about 50 portfolio companies.
As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them in their transformation into market leaders. Gimv’s four investment platforms are: Connected Consumer, Health & Care, Smart Industries and Sustainable Cities. Each of these platforms works with a skilled and dedicated team across Gimv’s home markets of the Benelux, France and Germany and can count on an extended international network of experts.
More information on Gimv can be found on www.gimv.com.