Clairfield Belgium advised the Belgian government on the assessment of their financial assets

Valuation

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”.

Team members responsible for this transaction

Hans Buysse

Damien Coppieters

Other 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.

Valuation

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

Acquired

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.