Gimv Cegeka becomes 1st anchor investment

Gimv named Cegeka as the first anchor investment under the new strategy. A newly incorporated entity called ‘Gimv Anchor Investments BV' (“Anchor”) will become the reference shareholder of Cegeka. By setting up a new entity, there is now the possibility to involve one or more external investors in the anchor investing strategy. Gimv and WorxInvest have further studied this possibility of cooperation and have reached an agreement on WorxInvest acquiring a stake of 25% plus one share in Anchor from Gimv. This is evidence of the deep cooperation that we expected from both parties and would also mean that Gimv stake in Cegeka would come down from 23.6% to 17.7 while WorxInvest would hold (through “Anchor”) a 5.9% stake in Cegeka. By allowing 3rd parties to participate in the ownership of newly created company ‘Gimv Anchor Investments BV', Gimv has created an additional source of liquidity that it can put to work elsewhere in its portfolio. We reiterate our BUY rating and €56.0 TP.