Investment Summary

GIMV Invests In Castelein Sealants

On December 19, 2023, private equity firm GIMV invested in distribution company Castelein Sealants

Investment Highlights
  • This is GIMV’s 5th transaction in the Distribution sector.
  • This is GIMV’s 47th transaction in Belgium.

Investment Summary

Date 2023-12-19
Target Castelein Sealants
Sector Distribution
Investor(s) GIMV
Deal Type Growth Capital

Target

Castelein Sealants

Kapellen, Belgium
Castelein Sealants develops, produces and distributes air and watertight sealing products for the facade and window sector. The company produces made-to-measure sealants and delivers them just-in-time, which optimizes the construction process and greatly reduces site waste. Castelein Sealants is based in Kapellen, 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 159 of 170
Sector: Distribution M&A 5 of 5
Type: Growth Capital M&A Deals 31 of 34
Country: Belgium M&A 47 of 50
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 WEMAS

Gutersloh, Germany

WEMAS is a manufacturer of products for mobile passive security of construction sites mainly in public road traffic situations. The company supplies both wholesalers as well as roadsafety service providers responsible for the road safety of highway construction sites, infrastructure and construction sites, predominantly in the DACH region and adjacent markets. WEMAS was founded in 1971 and is based in Gutersloh, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 SynOx Therapeutics

Dublin, Ireland

SynOx Therapeutics develops Emactuzumab a potential best-in-class clinical-stage CSF-1R targeted antibody designed to target and deplete macrophages in the tumour tissue. It has shown a favourable safety profile and encouraging efficacy in patients with diffuse tenosynovial giant cell tumours (dTGCT), a rare oncology disease. SynOx Therapeutics was founded in 2020 and is based in Dublin, Ireland.

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