AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Gimv NV M&A Activity 2011

Jan 19, 2011

3956_iss_2011-01-19_0764518b-e34d-4352-9206-813a9fe711b5.pdf

M&A Activity

Open in viewer

Opens in your device viewer

Antwerp / 19 January 2011 / 11:45 CET

Gimv sold its stake in portfolio company Liquavista

Gimv sold its stake in Liquavista to Samsung Electronics Europe Holding Coöperatief U.A.

Liquavista (www.liquavista.com), a spin-out from the world famous Philips Research Labs, offers a new type of electronic display technology known as electrowetting. The electrowetting technology uses liquid instead of crystals used in LCD screens. Liquavista displays create bright and colorful images that ensure excellent indoor and outdoor readability and use less battery power. The displays are used in a broad range of mobile products including videos, telephones, digital cameras and navigation instruments. The company was founded in 2006 and is headquartered in Eindhoven, the Netherlands.

The sale has a positive impact of EUR 4.6 million (EUR 0.20 per share) on Gimv's last published equity value at 30 September 2010. Over the entire investment period, the shareholding's return is in line with Gimv's historic average. No further financial details on this transaction will be disclosed.

For further information please contact:

Mr Frank De Leenheer – Investor Relations & Corporate Communications Manager T +32 3 290 22 18 – [email protected]

Mr Elderd Land – Partner Gimv T +31 6 53 76 41 07– [email protected]

Gimv is a European investment company with almost 30 years experience in private equity and venture capital. The company is listed on the NYSE Euronext Brussels and administers around 1.8 billion EUR (including third parties' funds). Gimv invests in buyouts and provides growth financing to established companies. For this Gimv has four local teams in Belgium, the Netherlands, France and Germany. Through the Gimv-XL fund growth capital is invested in larger companies in Flanders. In high-tech sectors Gimv invests venture capital through its specialised teams in Life Sciences, Technology and Cleantech.

In the Benelux Gimv also focuses on infrastructure projects with its funds DG Infra+ and DG Infra Yield. Also, Gimv is active in Central and Eastern Europe through funds and joint ventures.