Successful sale of Gemaco to capiton AG

Degroof Petercam corporate finance exclusive financial adviser to the shareholders of Gemaco

capiton AG acquired a majority stake in Gemaco, providing the current majority shareholder Saffelberg Investments the opportunity to exit its investment and current management to reinvest. capiton AG will provide the resources to support the company’s growth path in particular in the United States and Asia. By 2020 Gemaco aspires to generate € 250m in revenue and € 15m in EBITDA, through both organic growth and acquisitions.

Degroof Petercam Corporate Finance acted as the exclusive financial adviser to the shareholders of Gemaco in the due diligence process and negotiations with capiton AG and with the other financing parties.

About Gemaco

Gemaco is the leading provider of full-service merchandising and promotional marketing solutions for global industry and fast-moving consumer goods (FMCG) customers. Gemaco’s service offering allows its clients to outsource all business processes related to promotional merchandising – from trend analysis, design, procurement and logistics to distribution, quality control, IT and cost management.

For more than 20 years, Gemaco has been active as the premium supplier of promotional products, sales promotion solutions and fulfillment programs across a wide range of sectors. The Company’s 13 locations make it one of the very few providers able to serve large corporates on a global scale. Gemaco employs around 290 people, of which 110 are based at its headquarters in Mechelen (Belgium), and generated sales of € 90 million with high single digit EBITDA margin in 2016.

About capiton AG

capiton is an independent, partner-owned private equity company with funds of more than € 1.1 billion under management. At present, capiton’s portfolio consists of 10 medium-sized companies. In its capacity as provider of equity finance, capiton supports management buy-outs and supplies growth financing to established, medium-sized companies.

Alexandra Niehe

Head of corporate communications

Thomas Van Rompuy

Senior Executive Advisor - media relations, economics, Bank Degroof Petercam

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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. Private and institutional investors, as well as corporates trust us for our strong investment convictions and for our continuum of services in private banking, asset management, investment banking and fund servicing.

On December 31, 2023, total assets amounted to 74 billion euros. More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy, Hong Kong and Canada. As employer and investor, we create responsible prosperity for all by opening doors to opportunities and accompanying our clients with expertise.

Degroof Petercam is owned by Indosuez Wealth Management and by its historical minority shareholder CLdN Cobelfret. Degroof Petercam benefits from the vast expertise and international network of Indosuez and the Crédit Agricole group, the world's 9th largest bank (The Banker, 2024).
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