On 9 June 2008, after close of trading on Euronext Brussels, Transics was informed that Parcom Quoted Equity has signed a binding agreement to acquire a 16.5% shareholding in Transics.
Parcom Quoted Equity will acquire the shares from CETP Transics (Carlyle) (1.032.450 shares) and Mr. Ludwig Lemenu (301.709 shares). Parcom Quoted Equity’s commitment to Transics is further underlined by agreeing to a lock-up of six months.
Transics was informed that CETP Transics (Carlyle), Mr. Ludwig Lemenu and Mr. Mastelinck intend to sell a further portion of their shareholdings in Transics. The intended sale will be executed by way of an accelerated bookbuilding process. This process will be launched immediately following this announcement and will be structured as a private placement solely to eligible institutional investors in Belgium and elsewhere. The sale process is expected to end on 10 June 2008, subject to acceleration. The final terms, including the final price will be announced following the completion of the sale process.
Pursuant to the aforementioned announcement, Transics requested to the CBFA the suspension of the quotation of its shares on Euronext Brussels before trading on Tuesday 10 June. The trading will be resumed immediately after the completion of the sale process and the announcement of its results by Transics.
ING Belgium and Fortis will act as Joint-Bookrunner in the accelerated bookbuilding.
Parcom Quoted Equity is a Netherlands-based investment fund that focuses on transformational growth companies. Parcom Quoted Equity’s investment philosophy is to become an influential minority shareholder in small to medium sized companies. It has an active and constructive approach with a longer term investment horizon and supports its portfolio companies in realising transformational growth.
Ivo Lurvink, Managing Partner of Parcom Quoted Equity commented: “The sell-down by Carlyle and Lemenu provided us with an excellent opportunity to invest in one of Belgium’s attractive growth stories. We have strong belief in the quality of Transics’ Management team and it’s ability to further expand the company in the years to come.”
“Carlyle has been supporting our growth for the past two years and has done a great job, thereby bringing greater visibility to Transics. Today we’re entering upon a new chapter in our history. With Parcom, we gain a new reference shareholder who takes a longer term view in the public markets. The Parcom era will be a new, exciting phase in the development of our company and shareholders’ value,” said Walter Mastelinck.
Not for release, distribution or publication into or in the United States, Canada, Australia or Japan
This announcement is not an offer to sell or a solicitation of any offer to buy the shares of Transics International NV (“Transics”) in the United States, Canada, Australia or Japan or in any other jurisdiction. The information contained herein is not for publication or distribution into the United States, Canada, Australia or Japan. Neither this announcement nor any copy of it may be taken or distributed or published, directly or indirectly, in the United States of America, Canada, Australia or Japan.
Transics International NV, quoted on Euronext Brussels, develops and commercialises high-end fleet management solutions (on board computers, software and services) for the transport and logistics sector. With an installed base of over 50,000 on-board computers, Transics is one of the leading European players in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active in 22 other European countries.