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.