GIMV announces boost to net cash position

At its annual meeting, GIMV announced that it had realised E76m from exits so far this year. This boosted the Brussels-listed private equity firm's net cash position to E312m, a E38m increase on the E274m it had by last years annual meeting. One significant example of these exits is that of LMS International. The equity house has also already spent around E48.8m on new deals over the same amount of time this year. Of this, around E22.7m was used on investments such as the buyout of Westerlund, the Belgian port terminal operator and logistics company.

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