Gimv increases majority stake in VCST
Gimv has acquired LRM's stake in VCST and increased its majority holding to 79.8% of the company.
The newly acquired share represents a 26.7% share of the company.
Previous funding
LRM and Gimv led the financial restructuring of VCST in 2009, which included €10m of fresh capital.
Company
VCST is a producer and supplier of precision parts for engine and transmission gears and shafts as well as brake components for automotive and non-automotive markets. The company is headquartered in Sint-Truiden, Belgium, with additional plants in Germany, Mexico and China. Its customer base includes Continental, Volkswagen and Ford. The company recorded a turnover of approximately €150m in 2011. Founded in 1972, VCST employs around 1,000 staff.
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