As the demand for transparency increases, the government is often faced with questions regarding the necessity of state-owned businesses. Part of the answer to this question frequently involves judging whether ownership is a public responsibility and to what extent it serves the public interest. Furthermore, the government is constantly busy implementing financial regulation and supervising private parties.
The sector specialists of Clairfield Belgium benefit from a local approach and extensive experience in supporting government entities at all levels, whether local or national. We connect public and private parties and advise both sides on public ownership and the financial consequences of regulation. Clairfield Belgium are leaders in this sector with strong expertise in the niche of regulated markets. A position we maintain through initiatives like our annual survey of the financial performance of (partially) state-owned enterprises.
Our portfolio of clients in the public domain include both national and local government entities. Examples of national entities are the Belgian Ministry of Finance, whom we have supported in the sale of the Belgian Royal Mint, and the Ministry of Economic Affairs, whom we have advised on the valuation of the Dutch radio frequencies. Other clients include regulatory bodies, but also companies active in regulated markets. We have operated together with Nomura in the assessment of the FPIM-SFPI portfolio and are now nominated as advisor to the Belgian State together with Nomura in the IPO of Belfius.
Clairfield Belgium is ISO 9001 : certified
Clairfield Belgium works according to strict quality guidelines and is ISO 9001 : certified. This certification allows us to provide unparalleled services to public- and private institutions as an expert on regulated markets.
Public related transactions
Public Private Partnership
Project Finance - Model Audit
End 2016, the Flemish government approved the legal framework for the Flemish Schools (‘Vlaamse Scholen’) DBFM investment programme, consisting of a 550m EUR investment launched in 12 clusters. In March 2021, Clairfield International acted in this framework as financial advisor to AG Real Estate and carried out a model audit of the financial model that was prepared for the bid.
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.
Mobile spectrum auction
Valuation services for the determination of the reserve prices for the 2019 Dutch mobile communication spectrum auction
Clairfield Benelux performed valuation services for the determination of the reserve prices for the 2019 Dutch mobile communication spectrum auction.
Advisor to seller
Clairfield Benelux advised the Dutch Ministry of Finance in the successful sale of Royal Dutch Mint to Groep Heylen. The Royal Dutch Mint manufactures circulating coins for the Dutch- and international market, commemorative coins, medals and the Dutch royal decorations. Groep Heylen is a Belgian industrial holding company that invests in enterprises and buildings and is active in Belgium, Luxembourg, the Netherlands and Germany.
Strategic assessment to
Clairfield Benelux, alongside Nomura and Leonardo & Co, advised the Belgian State and SFPI-FPIM on the analysis and assessment of their principal financial assets
The Belgian Federal Holding and Investment Company (SFPI-FPIM) centrally manages the Belgian federal government’s shareholdings, cooperates with the government on specific projects and pursues its own investment policy in the interests of the Belgian economy.
The core business of the SFPI-FPIM, on one hand as an investment company and on the other hand as a holding company, are as follows:
1. SFPI-FPIM’s objective is to invest in companies with attractive social value in one of the priority sectors.
2. Acquiring equity in companies that are of strategic importance in terms of federal policy, by either making use of their own funds or by using funds that the State provides per project. In the latter case, the SFPI-FPIM acts “on a delegated assignment”.