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Announced

Completed

WorxInvest completed the acquisition of Gimv from Flemish Participation Company VPM for €375m.

Synopsis

WorxInvest, an investment firm, completed the acquisition of Gimv, a European investment company, from Flemish Participation Company VPM, a public investment company, for €375m. “We are delighted to start a new entrepreneurial chapter with Gimv in the further development of Gimv, with WorxInvest sharing the same values and investment philosophy with Gimv. Both Gimv and WorxInvest aspire to sustainably maximise value in their portfolio companies. The investment in Gimv is a major step in the roll-out of WorxInvest's strategy that we announced in November 2023. It will form the basis of the direct investment strategy we are building. WorxInvest is committed to driving Gimv's long-term profitable growth. We look forward to working with Koen Dejonckheere and his team to ensure the success of this value-creating partnership,” Filip Dierckx, WorxInvest Executive Chairman.

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