Gimv exits Viabuild

The two families, which were both already shareholders in Viabuild, each secured an additional 15% stake in the deal. The Verhaerens are the company's founding family.

Following Gimv's exit, the Varhaeren and Deckx families each own half of the company.

The sale resulted in a €2.3m net capital gain for Gimv when compared with the firm's equity as of 30 September last year.

Viabuild completed nine bolt-ons, including the acquisition of earthworks and demolition company Jan Stallaert in 2010.

The company expanded its presence from the Brussels area to a wider presence in Flanders and Wallonia. It also broadened its operational activities.

Previous investment
Gimv acquired its stake in Viabuild in February 2008, when the company was still called Group Verhaeren.

The company changed its name to Viabuild in 2012, following its merger with Kemo Groep in December 2011.

The Verhaeren family retained a 70% stake in the business at the time of Gimv's investment. Dexia and ING underwrote a debt facility for the deal.

At the time of Gimv's acquisition, the company employed 125 staff and generated around €40m in revenues.

Company
Founded in 1956 and headquartered in Mechelen, Viabuild is a provider of road construction, demolition and maintenance services.

The company specialises in sewage works and renovation, asphalt works, civil engineering, earthworks and demolition, asbestos removal, road construction, soil remediation and passive fire protection.

The company employs 750 staff and generates €150m in turnover.

People
Carl Van den Eynde is the CEO of Viabuild.

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