Degroof Petercam Corporate Finance advised BMT Group in the successful acquisition of VCST and integration into its IGW division

After an investment period of 6 years, VCST, a global player in the supply of precision gearing and other company critical components for engines, gearboxes and brake systems for passenger cars and commercial vehicles with revenues of € 169m, was put up for sale by its shareholders - Gimv, NIBC and management - through a limited auction process.

Degroof Petercam Corporate Finance identified VCST as a highly synergetic add-on acquisition opportunity for BMT Group. The VCST acquisition complements IG Watteeuw International’s (IGW) existing diversified client portfolio and strengthens its activities across Europe, China, India, Mexico and the United States. VCST and IGW will generate combined revenues of approximately € 300m and employ around 2,750 people.

Degroof Petercam Corporate Finance was retained as financial adviser by BMT to coordinate the due diligence process and to assist the group in the valuation, as well as the funding, negotiation and structuring of the transaction.

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Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Being privately owned by family shareholders driven by long-term commitment, we are independent by structure and by nature. We create responsible prosperity for all by opening doors to opportunities and accompanying our private, corporate and institutional clients with expertise.

Clients in over 20 countries trust us for our convictions and for our distinctive combination of services in private banking, asset management, investment banking (corporate finance and global markets) and asset services. Total client assets (under management, under administration and in custody) amount to 86 billion euros (on 31.12.2021).

More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy and Hong Kong.

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