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Thanks to its recognized professionalism and independence,
Petercam has gained an unrivalled
experience in advisory assignments.
These include amongst
others valuation assignments, fairness opinions on contemplated
or effective transactions involving publicly listed companies,
advice on funding sources.
SELECTED TRANSACTIONS :
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CMSK exploits one of the main primary cobalt mines in the world and is one of the world's largest producers of cobalt raw materials. Both the mine and the concentrator plant, which produces cobalt/copper concentrate, are located in the Katanga Province of the Democratic Republic of Congo.
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Petercam was engaged by George Forrest International to analyze CMSK business plan and realize an in-depth valuation of its majority stake in CMSK, in view of negotiations regarding the financing of CMSK expansion. |
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Mitiska is a holding company with
a number of participations in the retail sector. The company was listed on Euronext Brussels and its reference shareholder,
Boston NV was considering launching a voluntary public take-over bid on the company capital.
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As a co-lead manager Petercam provided a substantial contribution to the selling group,
both in the institutional and in the retail tranches. |
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Aviapartner provides airport-related services on behalf of airlines and airport operators. Aviapartner operates at 37 airports in five European countries. In 2005, Aviapartner was the subject of a MBO. In 2008 Aviapartner was particularly affected by the worldwide economic crisis as it carried an important financial debt burden following the MBO. At the end of 2008, a new management was appointed.
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Petercam was asked by the management to assist it in the discussions between senior lenders, mezzanine finance provider, private equity fund and itself aimed at restoring the situation and bringing financial debt to sustainable levels. The negotiations eventually resulted in to a significant reduction of financial debt, a cash injection divided over all involved parties and a rigorous simplification of the management, legal and operational structure. |
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Gemeentelijke
Holding (Holding Communal), a holding company comprising
a.o. a 14% participation in Dexia and owned by the Belgian
communities, was facing possible collateral problems
due to the decline of the Dexia share price.
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Petercam
acted as advisor to the Flemish government. In that position an analysis of the situation was
performed and possible scenarios were put forward. Petercam assisted in the negotiations on the terms
of the transaction. |
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Dexia,
a Belgo-French banking and insurance group, had to cope
with significant pressure on the share price. This led
the governments of Belgium and France to look for solutions
in order to stabilize the Company.
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Petercam
acted as advisor to the Flemish government. In that position an analysis of the situation was
performed and possible scenarios were put forward. |
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After
having nationalized Fortis Bank Belgium, the Belgian
Federal government subsequently sold 75% of Fortis Bank
Belgium to BNP Paribas in exchange for 11,6% of the capital
of BNP Paribas. Simultaneously, Fortis Insurance Belgium
was sold to BNP Paribas for EUR 5,7 billion.
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Petercam
assisted BNP Paribas in their approach of Fortis.
During the weekend of 28-29 September 2008, BNP
Paribas laid down an initial offer for Fortis
after which the different governments preferred
to inject EUR 11,2 billion in the group. |
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The
Walloon government through SOWAER decided to open the
capital of Brussels South Charleroi Airport (BSCA),
the operator of Wallonia’s main regional airport,
to a private partner by selling a 27,65% stake and a
call option on another 21%.
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Petercam
provided a fairness opinion to the Board of SOWAER
regarding the valuation and the conditions of
the binding offers. |
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C-Power
is in charge of the development of the first offshore
wind park in Belgium. The 6 first turbines were installed
in September 2008. 54 turbines are expected to follow,
for a total installed capacity of 300MW.
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Petercam
advised DEME and Nuhma, two shareholders of the
company, after Ecotech and Socofe made clear
their intention to sell their direct stake in
the park. Petercam’s mission included a
valuation of the park and advisory on the right
of first refusal and tag-along right owned by
DEME and Nuhma. |
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t-groep
is a Belgian staffing services provider. The majority
of the shares are held by the Flemish government. The
government wanted to evaluate the future possible scenarios
for its participation.
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Petercam
provided a study on the possible future scenarios
for t-groep. |
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As
a result of the offer of Mittal on Arcelor, Sogepa became
a shareholder of ArcelorMittal. Part of the participation
of Sogepa was covered by a collar contract for a value
of EUR 190 million.
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Petercam
advised Sogepa on the strategy relating to the
management of its participation in the frame
of the offer and relating to the management of
the collar contract. |
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Argenta
raised EUR 100 million in Hybrid Tier I securities with
institutional investors.
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Petercam
acted as financial advisor to Argenta in the
analysis of the options to increase its Tier
I equity and assisted Argenta in preparing this
transaction. |
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CSM
is a global producer and distributor of bakery ingredients
and products, lactic acid and lactic acid derivatives.
CSM is listed on Euronext Amsterdam.
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Petercam
was engaged by Lansdowne Partners and Centaurus
Capital, two long-time shareholders of CSM, to
address the undervaluation of the shares. The
objective of the engagement was to obtain fundamental
change at CSM, its strategy and its results. |
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