Information  X 
Enter a valid email address

Ackermans & van Haaren (0GYM)

  Print          Annual reports

Wednesday 18 June, 2008

Ackermans & van Haaren

Financial shareholders sell their shares in tow...

GIMV, Sofinim (74% Ackermans & van Haaren - AvH) and NPM Capital sold
today their shareholding in  Arcomet, allowing so  the company to  be
100% owned by the current majority shareholder and CEO Dirk Theyskens
and the  management.  The  transaction has  been  financed  with  the
support of the investment fund LFPI and Sofina.

GIMV held 20%  in Arcomet, while  Sofinim and NPM  Capital each  held
10%. They all supported through development capital the growth of the
Belgium-based company alongside the  family Theyskens. Their  capital
increase provided  the required  financial  basis for  expanding  the
tower crane fleet and building the appropriate management  structures
of the company  which were required  by its international  expansion.
The consolidated sales of the company grew from 53 million ¤ in 2000,
when GIMV,  Sofinim  and NPM  Capital  entered the  company,  to  120
million ¤ in 2007, the EBITDA increasing from 12.5 million ¤ to  33.0
million ¤. Arcomet became hence  the biggest independent provider  of
tower  crane  rental  and  purchase  services  in  the  world,   with
activities in  most  of the  European  countries, Singapore  and  the
United States of America.

The transaction results  in a capital  gain of 5.4  million ¤ at  the
level of  Ackermans &  van Haaren  (part of  the group).  No  further
financial details concerning this operation will be announced.

Ackermans &  van  Haaren is  a  diversified  group active  in  4  key
sectors: contracting,  dredging and  concessions  (DEME, one  of  the
largest dredging companies  in the world  - Algemene Aannemingen  Van
Laere, a  leading contractor  in Belgium),  Real Estate  and  related
services (Leasinvest  Real Estate,  a listed  real-estate  investment
trust with real estate assets  of approximately  460 million euros  -
Extensa, an  important  land and  real  estate developer  focused  on
Belgium, Luxemburg and Central Europe), private banking (Bank  Delen,
one of the largest  independent private asset  managers in Belgium  -
Bank J.Van  Breda &  C°,  niche bank  for entrepreneurs  and  liberal
professions) and private equity (Sofinim, one of the largest  private
equity providers in Belgium, and GIB).
The  group   concentrates   on   a  limited   number   of   strategic
participations  with  an  important  potential  for  growth.   Market
capitalisation of AvH  is approximately  2.3 billion  euros. The  AvH
share has been  included in  the reference index  BEL20, the  Private
Equity NXT  index of  Euronext Brussels  and  as of  23 June  in  the
European DJ Stoxx index 600.

All press  releases  issued  by  AvH and  its  most  important  group
companies  as  well  as  the  'Investor  Presentation'  can  also  be
consulted on the AvH website:
Anyone who is interested to receive the press releases via email  has
to register again to this website, under the 'News' section.

For additional information you can contact:

André-Xavier Cooreman
Chief Operating Officer
Tel : +32.3.897 92 30
e-mail: [email protected]

Dirk Theyskens
Tel : +32.11.450 969


a d v e r t i s e m e n t