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

Degroof Petercam is a reference financial institution with a history dating back to 1871. As an independent group owned by family shareholders with a long term commitment, we serve private and institutional investors.

Our clients benefit from a unique combination of services in private banking, institutional asset management , investment banking (corporate finance and financial intermediation) and asset services. The total clients assets (under management, under administration and in custody), double counting excluded, amount to more than 63 billion euro.

Headquartered in Brussels, we employ more than  1 400 professionals through offices in Belgium, Luxembourg, France, Switzerland, Spain, The Netherlands, Germany and Italy.

Degroof Petercam
Rue de l'Industrie | Nijverheidsstraat 44
1040 Brussels