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HAL sells part of IQIP (formerly part of Royal IHC) to Ackermans & van Haaren and MerweOord; valued at €250 million

Posted on August 16, 2023

HAL acquired 100% of the shares in IQIP Holding B.V. (“IQIP”) in March 2023 and has now agreed to sell 40% of IQIP to AvH Growth Capital NV1 (“AvH”) and 20% to MerweOord B.V. (“MerweOord”). MerweOord has the option to increase its shareholding to 33.33% during 2024, which upon exercise would result in HAL, AvH and MerweOord each owning one-third of IQIP’s shares. The transaction is based on an equity value of IQIP, adjusted for dividend, of € 250 million.

The finalization of the transaction is subject to customary regulatory clearance and is
expected to be completed early 2024.


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