BELGIUM - Gimv holds EUR 500m first close

Gimv acted as a cornerstone investor and committed EUR 250m to the fund, while the Flemish Government is a co-sponsor and has contributed the remaining EUR 250m. The fund is seeking to raise additional capital with other institutional investors before the end of 2009.

The fund focuses on growth companies with an enterprise value between EUR 75 and EUR 750m and is targeting investments in 10 to 15 companies from various sectors in the next five years. The amount of each investment may run to EUR 100m, either as equity or semi-equity. The fund takes a long-term approach to investing, aiming at a hoold period of 7 to 10 years for each investment.

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• Topics
• Buyout
• Benelux