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New Deal


Announced

Completed

Federal Holding and Investment Company led a €24.7m round in Belgian Mobile ID.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

IT Services: Other

Completed

consortium of banks and mobile network operators

Friendly

Acquisition

Domestic

Private Equity

Belgium

Single Bidder

Minority

Synopsis

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Federal Holding and Investment Company (FPIM-SFPI), the federal government’s shareholdings manager, led a €24.7m round in Belgian Mobile ID, a provider of digital identification, authentication and signing services, with participation from Belfius Bank, BNP Paribas Fortis, ING Belgium, KBC Group, Orange Belgium, Proximus and Telenet Group Holding. “itsme® is a good example of a public-private partnership that is a real win-win' for all parties involved. With the entry of the FPIM-SFPI, this is also reflected in our shareholder structure.” Stephanie De Bruyne, Belgian Mobile ID CEO.

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