Investment Summary

GIMV Invests In Vandemoortele

On March 27, 2009, private equity firm GIMV invested in food company Vandemoortele

Investment Highlights
  • This is GIMV’s 5th transaction in the Food sector.
  • This is GIMV’s 17th transaction in Belgium.

Investment Summary

Date 2009-03-27
Target Vandemoortele
Sector Food
Investor(s) GIMV
Deal Type Growth Capital

Target

Vandemoortele

Gent, Belgium
Vandemoortele is a family-owned Belgian foods group with a European dimension. It manufactures and sells food products in two segments: frozen bakery products (Bakery Products) and margarines and fats (Lipids). Vandemoortele was founded in 1899 and is based in Ghent, Belgium.

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Investor(S) 1

Investor

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 51 of 170
Sector: Food M&A 5 of 8
Type: Growth Capital M&A Deals 3 of 34
Country: Belgium M&A 17 of 50
Year: 2009 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-17 Leyton & Associates

Cedex, France

French consultancy agency CTR Leyton & Associes is specialised in advising companies that want to enhance their profitability. To this end CTR Leyton & Associes helps companies reduce their taxes and social charges and optimise the financing of innovation plans and purchases. Shortly after its foundation in 1997 in Saint Cloud, the company grew into one of the major players in its sector. In the past decade, CTR Leyton opened three new offices in France (Lyon, Toulouse and Montpellier).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Sovitec

Fleurus, Belgium

Sovitec manufactures glass microbeads, used for building materials. European leader in the production and sale of micro glass beads which are used as reflective component of road markings and in several high-end (industrial) applications. Sovitec was founded in 1954 and is based in Fleurus, Belgium.

Sell -