Financial shareholders sell their shares in tower crane rental company Arcomet to the management

6/18/2008, 7:30 AM (Source: GlobeNewswire)
GIMV, Sofinim (74% Ackermans & van Haaren - AvH) and NPM Capital sold
today their shareholding in Arcomet, allowing so the company to be
100% owned by the current majority shareholder and CEO Dirk Theyskens
and the management. The transaction has been financed with the
support of the investment fund LFPI and Sofina.

GIMV held 20% in Arcomet, while Sofinim and NPM Capital each held
10%. They all supported through development capital the growth of the
Belgium-based company alongside the family Theyskens. Their capital
increase provided the required financial basis for expanding the
tower crane fleet and building the appropriate management structures
of the company which were required by its international expansion.
The consolidated sales of the company grew from 53 million ¤ in 2000,
when GIMV, Sofinim and NPM Capital entered the company, to 120
million ¤ in 2007, the EBITDA increasing from 12.5 million ¤ to 33.0
million ¤. Arcomet became hence the biggest independent provider of
tower crane rental and purchase services in the world, with
activities in most of the European countries, Singapore and the
United States of America.

The transaction results in a capital gain of 5.4 million ¤ at the
level of Ackermans & van Haaren (part of the group). No further
financial details concerning this operation will be announced.

Ackermans & van Haaren is a diversified group active in 4 key
sectors: contracting, dredging and concessions (DEME, one of the
largest dredging companies in the world - Algemene Aannemingen Van
Laere, a leading contractor in Belgium), Real Estate and related
services (Leasinvest Real Estate, a listed real-estate investment
trust with real estate assets of approximately 460 million euros -
Extensa, an important land and real estate developer focused on
Belgium, Luxemburg and Central Europe), private banking (Bank Delen,
one of the largest independent private asset managers in Belgium -
Bank J.Van Breda & C°, niche bank for entrepreneurs and liberal
professions) and private equity (Sofinim, one of the largest private
equity providers in Belgium, and GIB).
The group concentrates on a limited number of strategic
participations with an important potential for growth. Market
capitalisation of AvH is approximately 2.3 billion euros. The AvH
share has been included in the reference index BEL20, the Private
Equity NXT index of Euronext Brussels and as of 23 June in the
European DJ Stoxx index 600.

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For additional information you can contact:

Sofinim
André-Xavier Cooreman
Chief Operating Officer
Tel : +32.3.897 92 30
e-mail: andrexavier.cooreman@sofinim.be

Arcomet
Dirk Theyskens
CEO
Tel : +32.11.450 969

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