Investment Summary

GIMV Invests In NovoPolymers

On May 6, 2009, private equity firm GIMV invested in chemicals company NovoPolymers

Investment Highlights
  • This is GIMV’s 2nd transaction in the Chemicals sector.
  • This is GIMV’s 18th transaction in Belgium.

Investment Summary

Date 2009-05-06
Target NovoPolymers
Sector Chemicals
Investor(s) GIMV
Deal Type Venture

Target

NovoPolymers

Antwerpen, Belgium
NovoPolymers focuses on developing and producing innovative polymer films that are used for laminating breakable solar cells. This laminate protects the fragile solar cells against shocks, humidity and degradation by UV radiation. The potential clients of NovoPolymers are producers of solar panels who want to incorporate solar cells into durable applications. NovoPolymers was founded in 2008 and is based in Antwerpen, 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 52 of 170
Sector: Chemicals M&A 2 of 4
Type: Venture M&A Deals 13 of 39
Country: Belgium M&A 18 of 50
Year: 2009 M&A 3 of 8
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-09 Claymount Assemblies BV

Dinxperlo, Netherlands

Claymount Assemblies BV is a manufacturer of high-voltage cable connection systems and system components for X-ray equipment manufacturers serving both healthcare and industrial applications.

Buy -