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Mergers & Acquisitions
A merger or acquisition is an impactful event for any business. Clairfield Belgium possesses strong knowledge, expertise and experience to successfully manage such an impactful and complex process, from origination to execution. The success of these ventures is the optimal result for our clients, and while our advice is direct and focused, our thought process can be unconventional. With a track record of 12 years, we are confident independent advisers with entrepreneurial spirit, who have the drive to get our clients the best deal.
A company’s financials provide management with insight in to which activities create value and which don’t, and enable better decision making. Clairfield Belgium specialists can offer you their valuation expertise for every circumstance; sale of a company, financial dispute, tax issue, annual accounts purposes (impairments) or valuation of an employee stock/option plan.
Debt financing is often used to help a business grow; organically or through acquisitions. It is imperative to routinely scrutinise the financing obligations a company has committed itself to. The debt advisory specialists of Clairfield Belgium offer clients fitting solutions for their financing needs. With our broad sector specific knowledge and strong relationships, we are able to access attractive debt financing for our clients.
Tendering for large-scale infrastructure projects requires a creative but well-founded financial business case. The stakes are high. Typically, several consortia tender for these projects that involve hundreds of millions, if not billions of euros worth of contracts that stretch out over multiple decades. Clairfield Belgium have a very strong and respected track-record in realising (complex) project financing for infrastructure and energy projects.
Regulatory Advisory and Treasury Management
Energy, infrastructure, healthcare, communication and education are complex regulated markets. Clairfield Belgium holds unparalleled expertise in this field and understand the way these markets operate, the risks associated with them and the importance of treasury management.
Fairness opinion provider
successfully supported IPO of
On 26 November 2020, Inclusio announced its IPO on Euronext Brussels. The company wants to raise 60 million EUR to further develop its activities and offers, as such, an answer to the increasing demand of investors to invest in socially relevant projects.
In the preparation to the IPO Clairfield Belgium and Walkiers & Wauthier were appointed as financial advisor and fairness opinion provider. In that role, they reviewed and optimized the appointment of the joint global coordinator Belfius and advised the company on among others the equity story, positioning of Inclusio and the capital structure (institutional vs retail investors). Both companies also provided input on the valuation and IPO pricing process, including the price range and the final issue price, based on the chosen structure and equity story.
Advisor to seller
acquired 4yr coin contract from
In October 2016, the Belgian government formally announced their ambition to outsource their coinage as demand for coins declined considerably since the introduction of the euro.
In May 2017, Clairfield Benelux was appointed by the Belgian FPS Finance as financial advisor for carrying out the preparatory work of the awarding process.
Clairfield Benelux was previously appointed by the Dutch Ministry of Finance for the sale of the Royal Dutch Mint. The company was sold to Groep Heylen.
The Belgian FPS Finance subsequently awarded the Royal Dutch Mint with a four year coinage contract. Through Royal Dutch Mint, Groep Heylen is already engaged in coinage for 60 central banks, including the Dutch and Luxembourg central bank.
In future, Belgian coins will be produced in Utrecht, the Netherlands. Production of 73 million circulation coins is anticipated in 2018.
The Royal Mint of Belgium will remain in charge of coin design and prevention of counterfeit coins.
Public Private Partnership
Tramcontractors Brabo II
In November 2015, TramContractors, a consortium comprised of BAM PPP-PGGM and Cofely Fabricom, reached financial close on the Brabo II project. With three concession contracts combining two fundamentally different philosophies, the only successful approach to a winning financing structure was to be a creative one.
TramContractors received financial advice from Clairfield Benelux and was assisted by Linklaters and Clairfield Benelux in the negotiations with the contracting authorities and the lenders. The funders club included: AG Insurance, MUFG, Crédit Agricole CIB, and KBC.
Advisor to seller
‘Project Coating’ has more than 50 years of experience in the development, production and sale of coatings for steel protection.
In 2017, the management of Project Coating had initiated the capitalisation on international growth markets while continuing to reinforce its local market share. By strengthening the assets, intangibles and R&D capabilities, Project Coating was ready to pursue growth in the future.
Considering the objective of the shareholders to exit the company, Clairfield Benelux acted as financial advisor in the sales process. The buyer is a Belgian private equity fund that created a NewCo to execute the transaction. The shareholders of Picasso reinvested.