WorxInvest joins Gimv’s Anchor investing approach

• Gimv and WorxInvest are joining forces, combining their strength and firepower, around Gimv’s Anchor investing approach, designed to build long-standing strategic partnerships with leading growth companies. This will allow these companies to attract long term capital to further expand their business and to safely anchor them.
• Global tech powerhouse Cegeka becomes the first participation of Gimv Anchor.
• The Board of Directors of Gimv NV approved the transfer by Gimv of 25% plus one share of the newly incorporated company Gimv Anchor Investments BV to WorxInvest NV. This press release is issued in application of article 7:97 BCAC.

Through the Anchor investment approach, Gimv strengthens its focus on compounding growth and value creation.By doing so GIMV’s Anchor is open for companies looking for sizeable long term capital stakes to grow and to anchor them. The significant expansion of Cegeka from an ICT service provider to a leading tech powerhouse at the heart of the digital transformation in Europe serving a wide range of customers makes it a perfect first match to further realise a sustained long-term growth and generate substantial shareholder value within the Anchor investment strategy. Gimv and WorxInvest are therefore delighted to team up around Anchor and to welcome Cegeka as the first Anchor investment.

Filip Dierckx

Executive Chairman of WorxInvest

Koen Dejonckheere

CEO of Gimv

Gimv and WorxInvest 
team up around Anchor

Anchor investing is an additional growth dimension as part of Gimv’s accelerated growth strategy fueled by the recent capital increase. This will be organized via a newly incorporated entity, Gimv Anchor Investments BV (“Anchor”). Based on Gimv’s expertise and experience of building leading companies, Anchor wishes to embark on a long-term pathway for growth together with companies, that have a promising long-term growth potential. They can count on Anchor as a strong reference shareholder providing capital, knowledge and experience to support that further growth.

The possibility to involve one or more external investors in this Anchor investing strategy, including in particular Gimv’s reference shareholder WorxInvest NV (“WorxInvest”), was part of the set-up as from the start. It allows Gimv to substantially increase its investment tickets and be open for companies looking for long term capital to grow and to anchor them

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.

Cegeka becomes first Anchor investment

Gimv acquired a strategic minority interest in the Belgian  IT expert solutions provider Cegeka Holding NV (“Cegeka”) (www.cegeka.com) in 2017 to provide additional resources to boost the ambitious growth trajectory of the company as set by the founding family Knaepen. Since the start of this collaboration and thanks to the expert guidance of CEO Stijn Bijnens, Cegeka has further evolved into a global tech powerhouse with a presence in 17 countries on 3 continents, around 10,000 employees and expected revenues in 2024 of around EUR 1.3bn. It is a paragon of sustainable growth and Gimv and WorxInvest are proud to welcome Cegeka as the first participation of Anchor.

After the completion of this transaction, Gimv’s net position in Cegeka will represent approximately 10% of the total portfolio.

Since 2024, Gimv holds a separate stake in Citymesh following the transition of this partnership with Digi from a subsidiary of Cegeka to a sister company. This participation will follow its own course independent of Anchor’s participation in Cegeka.