Report
Sharad Kumar S.P

Gimv Shareholders approve potential rights issue & New growth strategy

Yesterday a second extraordinary general meeting (EGM) of Gimv took place following the no-quorum meeting of 23-Dec-2024 and Gimv's shareholders approved Gimv's strategic growth ambitions and gave the go-ahead for a possible capital increase. We note that Gimv will be hosting a CMD on 22-Jan-2025 during which, management will provide more details about its new strategy and the potential capital raise. Post capital raise, Gimv aims to double its portfolio size while helping grow some of its top investments to grow into large/dominant companies. We welcome this news and expect more news on the strategy for anchor investments during the CMD. We reiterate our BUY rating and €56.0 TP.
Underlying
Gimv NV

GIMV is a listed investment company, specializing in private equity and venture capital and active in small and medium buyouts, growth financing and technology investments. Co. is also present with technology investments across Europe and in Israel, Japan and the USA. Co. invests in ICT (Technology), environmentally friendly technology (Cleantech) and Life Sciences.

Provider
KBC Securities
KBC Securities

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Analysts
Sharad Kumar S.P

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