Gimv sells shareholding in Clear2Pay

07/12/2009 - 09:58 | Portfolio

Gimv sells its shareholding in Clear2Pay (Belgium) to the American investment fund Aquiline Capital Partners. This sale takes place in the context of a larger capital operation of Clear2Pay in which it raised EUR 50 million and attracted Aquiline as new investor.

Clear2Pay (www.clear2pay.com) develops innovative payment technology for financial institutions, aimed at the safe, timely and smooth processing of internal payment traffic. Founded in 2001, the company currently has 450 employees in 15 offices worldwide.

Gimv is shareholder of Clear2Pay since 2006, when it invested EUR 4.7 million in a first financing round totalling EUR 15.7 million. Gimv also invested in following capital rounds. The sale has a positive impact of EUR 2.2 million (EUR 0.10 per share) on Gimv’s last published equity value at 30 September 2009. No further financial details on this transaction will be disclosed.

Read all press releases