Degroof Petercam contributes to the success of Inclusio's IPO as Sole Global Coordinator
Brussels, 9 December 2020 - Degroof Petercam successfully accompanied the IPO of Inclusio SA ("Inclusio") on Euronext Brussels. Degroof Petercam acted as Sole Global Coordinator and Bookrunner. The transaction - which consisted of a public offering of new shares of Inclusio SA with the admission to trading of all its shares on the regulated market of Euronext Brussels - raised 60 million euro at a price of 21.40 euro per share, resulting in an initial market capitalization of 153.8 million euro.
Degroof Petercam covered the majority of the placement and thus demonstrates once again its capacity to structure transactions and generate substantial demand from local and European institutional investors, with whom it is in regular contact, but also, to a large extent, from retail investors.
The relationship between Degroof Petercam and Inclusio goes back almost 10 years. Resulting from the transformation at the end of 2014 of the company Bon Pasteur NV created in October 2011 at the initiative of Bank Degroof, Inclusio is a Belgian real estate company with a social purpose, mainly active in the residential segment. Its unique operating model offers the prospect of stable expected returns, while contributing to a sustainable social and environmental impact.
"As Degroof Petercam was at the origin of this social real estate project, we have many reasons to be delighted with the success of this transaction. Firstly, because this success validates the attractiveness of the project's operating model. Second, because it underscores our advisory role and demonstrates the long-term support we provide to our clients in each phase of their development. And finally, because this transaction also underlines the societal role that our group wishes to fulfill as a stakeholder in this inspiring project", underlines François Wohrer, Head of Degroof Petercam Investment Banking.
After Nyxoah and Unifiedpost in September, this is the third transaction on Euronext Brussels in which Degroof Petercam has been involved in 2020.
About Inclusio
Inclusio is a Belgian company active in the field of real estate of a social nature in Belgium. The project was initiated in 2011 with the development of a building named “Bon Pasteur” located in Brussels financed and managed by Degroof Petercam. In 2014, Degroof Petercam and two other partners (Kois and Re-Vive) joined forces to launch Inclusio as a private and institutional real estate company. Over the last years, Inclusio executed several capital rounds with a large number of public and private institutional investors, non-profit organizations and individuals, providing 92 million euros of pre-IPO equity and enabling Inclusio to reach a portfolio of 141 million euros as of 31 August 2020, focusing on affordable housing, the disability sector and social infrastructure. For more information, please visit the website www.inclusio.be
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