isted Belgian investor GIMV has achieved a partial exit from its stake in Cappelle Pigments, a manufacturer of paint, printing inks and plastics. GIMV first invested in Capelle in 1986 and is now selling part of its interest to existing shareholders. It has reduced its interest from 31.25% to 8.17% and will continue to be represented in the Capelle board of directors. Financial details of the transaction were undisclosed.
Since GIMV’s investment in the company turnover has risen 258% from €25.7m to €66.3m. Net operating profit has multiplied 837% since 1986 from €0.3m to €2.5m and the number of employees has increased from 148 to 222.
GIMV has been listed on Euronext Brussels since 1997 and currently has a net asset value of around €824m.