Transactions

Brewery Martens, Belgium’s largest family-owned brewery, acquired United Dutch Breweries (UDB) from GIMV and management.

Dossche Mills, a Belgian producer of wheat flour and bakery ingredients, acquired Mühle Rüningen, a German producer of flour and grain-based products since 1312.

Circles Group was sold to Optio Group, a leading global managing general agency (MGA) specialising in specialty insurance solutions, backed by Preservation Capital Partners.

BCOH was sold to Optio Group, a leading global managing general agency (MGA) specialising in specialty insurance solutions, backed by Preservation Capital Partners.

Adveo, a French supplier of business and office supplies, sold Adveo Benelux, a wholesaler and distributor of business and office supplies, to PBS Holding AG.

GALERIA Karstadt Kaufhof and The Economic Stabilisation Fund (WSF) sold INNO SA/NV, a Belgian department store chain, to INNOvative Retail BV, a newly established company jointly owned by Axcent of Scandinavia and SKEL fjárfestingafélag.

Etex, a global building material manufacturer and pioneer in lightweight construction based in Belgium, acquired SCALAMID, a manufacturer of modern and innovative façade fibre cement boards, from Poznan-based company Pozbruk in a carve-out transaction.

Belgian Mobile ID, known for the leading Belgian app for digital identification, authentication, and signing Itsme, acquired nextAuth, a KU Leuven/imec spin-off, providing secured end-to-end authentication using strong public key cryptography.

Miura Co., a manufacturer of industrial boilers and related equipment, acquired a 20% stake in Jensen-Group, a manufacturer of heavy-duty laundry machinery, via a share placement of 49% stake in Inax Corp., a manufacturer of business-use laundry machines and full subsidiary of Miura Co.

Tractebel Engineering SA sold GKW Consult GmbH, a top international consultantcy for environmental engineering and donor-financed infrastructure projects, to GFA Holding AG, a leading European consulting firm active in international cooperation.

Clairfield successfully advised the shareholders of Isolabel, a Belgium-based franchisee of Belisol, on a shareholder transitioning and partial sale.

GIM, a Belgian provider of geospatial data engineering, geospatial artificial intelligence and spatial application development, was sold to Merkator, a Belgian developer of easy-to-use geospatial software applications.

Clairfield Belgium closed the refinancing of Brouwerij Martens’ debt portfolio. This transaction will enable the brewery group to continue its ambitious growth trajectory and execute its long‐term financial strategic plan.

Tilgmann Oy Ab sold Nordic Label Oy, the leading label manufacturer in Finland, to Asteria Group, a Belgian label and packaging producer backed by Waterland Private Equity.

Clairfield International is pleased to have acted as exclusive advisor to listed company Norsk Hydro (NHY.OL) on the sale of the Belgian Precision Tubing Lichtervelde to the German Aurelius Group.

Blanchon Group, a French wood coatings specialist, accelerated its international expansion with the acquisition of Debal Finance (known by the brand name Ciranova).

Clairfield Belgium successfully advised Belgian Mobile ID – itsme®, on a fundraising round of EUR 24.7 million to accelerate its international growth trajectory.

Clairfield Belgium provided debt advisory services to the shareholders Brewery Martens. Brouwerij Martens was founded in 1758 and is the second largest brewery in Belgium engaged in the development, production, distribution and sale of private label beer as well as their own beer brands.

Clairfield International successfully supported Inclusio as financial advisor and fairness opinion provider in its IPO preparation process.

Gas Applications & Services, a gas detection specialist, was sold to Alertis, the market leader in the Belgian fire safety and security market.