News

English | 17 August 2017

PRINSEN FOOD GROUP JOINS FORCES WITH GUSTAV BERNING

PRESS RELEASE

Helmond (NL) / Georgsmarienhütte (D), August 17, 2017

PRINSEN FOOD GROUP JOINS FORCES WITH GUSTAV BERNING

Dutch company Prinsen Food Group intends to align with German company Schokoladenfabrik Gustav Berning GmbH & Co. KG, one of the largest producers of high quality (protein) foodbars in Europe. Berning was founded in 1915 and produces a wide range of products, both for brand owners and private label. Prinsen and Berning focus on the same markets in Europe, where Berning also realizes a substantial part of its revenues in Asia and the United States. The company name and activities of Schokoladenfabrik Gustav Berning GmbH & Co. KG remain unchanged and will be part of the new holding Prinsen-Berning. The intended acquisition is subject to approval by the German competition authorities.

Prinsen-Berning in Europe leading player in ‘Active Nutrition’
Both Prinsen and Berning are companies with a long, rich history and originated as family businesses. Berning focuses on the production of ready-to-eat solid foods, such as high-quality protein bars for the sports and diet market. Prinsen develops powdered nutrition solutions (e.g. sports, diet and wellness foods, coffee and cocoa drinks, creamers). Both Prinsen and Berning have their own R&D departments and a large-scale production capacity to facilitate the growing demand for ‘Active Nutrition’. This category includes functional foods related to diet, active slimming, sports and wellness foods, enriched with protein. This market has demonstrated strong growth in Europe and worldwide.

Both companies hold strong market positions for decades in development and production of nutrition for leading retailers and brand owners in Europe, the United States and Asia. The newly formed company (Prinsen-Berning) becomes one of Europe’s largest companies in the field of Active Nutrition for brand owners and private label. The group employs est. 400 employees and achieved revenues of approx. € 125 million in 2016.

Category solutions for retailers and brand owners
Prinsen-Berning has the ambition to further expand the leading position for instant and ready-to-eat foods. The combination of both companies offers retailers and brand owners a complete one-stop shop in Active Nutrition, where category expertise, product development and manufacturing of nutritional products serve the customer.

Alexander Collot d’Escury, CEO of Prinsen Food Group, said: “I am impressed with the results, technical knowledge and the innovative character of the Berning organisation and give a warm welcome to our German colleagues in the group. With the complementary acquisition of Berning, we are convinced that we can offer an even better proposition to our customers. The combination provides more R&D capabilities and we can offer a one-stop-shop solution to our customers. In addition, with the increased production capacity we can better respond to the fast-growing global market demand. With the demographic changes of an aging population and costs related to public healthcare continuously on the rise, the role of food becomes increasingly important. We already make a strong contribution in this area and will continue to do so. It is our international ambition to become the leading player in diet, sports and wellness nutrition in the instant and ready-to-eat segment for brand owners and private label.”

Board of Berning takes part in group management
Both Frank Tellmann and Markus Wessendarp, both CEO of Berning, will be involved in Prinsen-Berning and
take part in the newly formed group management headed by Alexander Collot d’Escury. Prinsen-Berning will
produce from the existing production facilities of the group in Helmond (NL), Zwartsluis (NL) and
Georgsmarienhütte (Germany).

Markus Wessendarp, Co-CEO of Berning adds: “The merger has a big positive impact. It will mean that both
Prinsen and Berning will get stronger because we become more attractive to get business on a global scale. In
addition, the market in which we operate is growing rapidly and companies offering R&D and superior products
on world scale will have a brilliant future”.

Frank Tellmann, CEO of Berning commented: “We are excited to be part of Prinsen-Berning and strongly believe
in the increased relevance of our category. Together we offer a complete and unmatched productportfolio in
instant and ready-to-eat foods for a wide and growing range of international customers.”

About Prinsen Food Group
Prinsen Food Group consists of the companies Prinsen and Koninklijke Buisman. Both companies have a long
and successful history and were established in 1924 and 1867. Prinsen Food Group was founded in September
2016 by the Dutch investment company Bencis Capital Partners merging both companies as part of its active
buy & build strategy.
Prinsen has been a pioneer for the production of instant dietary meals, sports nutrition and powdered wellness
food products for 35 years. In addition, coffee makers and toppings and instant cappuccino and cocoa drinks
are produced. Prinsen is leading in the Netherlands and the UK and holds a very good market position in many
European countries. Koninklijke Buisman consists of Buisman Consumer Products, specialist in instant coffee
and cocoa drinks and Buisman Ingredients that focuses on the development and sale of natural color and
flavorings.

About Berning
Founded in 1915 by Gustav Berning, Berning is currently developing and producing high-quality (proteinenriched)
nutrition and has become one of the largest producers in Europe. The former family company
produces a wide range of products, for a wide variety of international brand owners and private label.

Berning has a loyal customer base, about three quarters of the sales are realized by customers who are
customers for more than 15 years. Berning operates one of the most modern factories for the production of
food bars in the industry. The portfolio of products includes more than 500 product concepts that belong to the
company’s intellectual property. The four major product categories include Protein Bars, Energy Bars, Meal
Replacement / Lean Bars and Cereal Bars. Berning is located in Georgsmarienhütte, Germany.

For further information:
Prinsen Food Group
Robert Hoopman
Tel. +31 6 212 32 767
Email: rhoopman@prinsen.nl
Website: www.prinsen.com

END OF PRESS RELEASE

English | 3 July 2017

JINDAL POLY FILMS TO EXPAND INTO LOAD SECURITY FILMS

Jindal Poly Films Limited (“JPFL”), one of the leading flexible packaging films manufacturers globally, announced the acquisition of Apeldoorn Flexible Packaging Holding B.V. (“AFP”) through its Netherlands based subsidiary in an all cash deal. AFP was significantly owned by Bencis Capital Partners, a leading European private equity firm with an 18-year history of investing in strong and successful businesses in the Netherlands and Belgium. This acquisition marks JPFL’s foray into the load security films market.

The transaction is subject to necessary regulatory approvals and is expected to close by September 30, 2017.

“This acquisition will provide us access to load security films – a new product line, and will also strengthen our relationship with brand owners in the food, beverage and FMCG segments. We remain committed to expanding our differentiated product offerings in the packaging films business globally.” said Rakesh Tayal, senior executive of the Company.
Alvarez & Marsal Corporate Finance, India and DLA Piper Nederland N.V. acted as the exclusive financial and legal advisors, respectively to the buyer. William Blair & Company and Stek Advocaten B.V. acted as the exclusive financial and legal advisors, respectively to the seller.

About Jindal Poly Films Limited
JPFL is the flagship company of the B.C. Jindal Group, a six-decade old industrial group with business interests in power, steel products and photographic products in addition to films. JPFL operates seven manufacturing facilities in India, Europe and USA including the world’s largest single location BOPP and BOPET manufacturing facility. JPFL is one of the leaders in BOPP specialty films in US and Europe generating two-thirds of its revenues from overseas, with a customer base that includes global brand owners and large converters.

About Apeldoorn Flexible Packaging Holding B.V.
AFP is a leading player in load security films. AFP’s premier offering, Katan-Ex, exhibits market leading performance across the most challenging stretch films applications and is rapidly being adopted by the market, owing to transport damage reduction and overall improved cost benefits to the customer. The company also focuses on specialized packaging segments including individually wrapped cheese slices suited for high speed production as well as tailor-made bread packaging solutions suited for freezing and reduced wastage.

English | 4 May 2017

TOTAL GROUP NEW SHAREHOLDER PITPOINT

Total Group is buying PitPoint shares from Bencis Capital Partners. The deal was signed today and the official transfer is expected to take place in late June. The acquisition will possibly speed up PitPoint’s mission to achieve clean and affordable transport.

PitPoint will remain an independent company and will continue to operate under the same name and management. The acquisition also won’t affect the customers or the employees, the conditions of their contracts will remain the same. “PitPoint has become a unique actor in the market of clean fuels in the last few years, with ambitious international plans for growth,” says Erik Kemink, CEO of PitPoint. “Ambitious plans ask for an ambitious shareholder who can support the plans and the international expansion. In Total Group we found a partner who can help us with that.”

INTERNATIONAL EXPANSION

PitPoint is continuously working on the expansion of the network of filling stations for private use, corporate use and public transport. Progress is made through innovation and investments in CNG/Biomethane, by opening new CNG, LNG and hydrogen stations, and by facilitating a network of electric charging stations. PitPoint enables people to drive and produce cleaner air at the same time. “Our goal is to realize 100 percent clean transport by 2030,” says Kemink. “Even across boundaries we want to play a major role.” Earlier this week PitPoint announced that it had signed a declaration of intent with Volkswagen Group and other peers, with which they commit to the further expansion of CNG mobility in Germany.

STRENGTHENING MARKET OF CNG-/BIOMETHANE

The acquisition is part of Total’s strategy to expand its low-carbon businesses, mainly by significantly strengthening its market position in the professional transport sector. Total plans to attain this position by expanding its network to 350 outlets in 2022. This makes Total market leader in the European market for natural gas for vehicles.

Patrick Pouyanné, Chairman and CEO of Total. “There is strong development potential for natural gas vehicle fuel in the transport sector. Our aim is to combine PitPoint’s technological and commercial expertise acquired over the last ten years with Total’s strong retail marketing network and client portfolio. PitPoint will thus be central to the Marketing & Services segment’s ambitions in the natural gas vehicle fuel sector in Europe, in line with the aim of offering customers clean energy solutions.”

English | 11 October 2016

EW Facility Services vindt in Bencis partner voor uitrol Europese strategie

11 oktober 2016

EW Facility Services kondigt vandaag aan dat de onafhankelijke investeringsmaatschappij Bencis Capital Partners naast Cire Facility Group toetreedt als aandeelhouder van facilitair dienstverlener EW Facility Services. Naast Bencis treden ook leden van het directieteam van EW Facility Services toe als aandeelhouder. De details van de transactie zijn niet vrijgegeven.

EW Facility Services bedient in Nederland en België opdrachtgevers in diverse markten met facilitaire diensten waarbinnen hospitality sinds de oprichting in 1990 door Eric Wentink, het kernbegrip is. In de hotelbranche is het bedrijf marktleider. Met een totaalomzet van € 87 miljoen staat zij zesde genoteerd in de ranglijst van Nederlandse schoonmaakbedrijven. Het belang betreft activiteiten in beide landen.

“Cire Facility Group vindt in Bencis een strategische partner die de internationale acquisitie strategie van EW Facility Services financieel gaat ondersteunen en versnellen”, aldus Henk den Hollander van Cire Facility Group. “Daarnaast blijft EW Facility Services investeren in haar dienstverlening om haar leidende positie op het gebied van hospitality concepten vast te houden”.

“Wij geloven in verdere uitbouw van onze organisatie in Nederland en België en zien een toenemende behoefte bij internationale hotelketens aan een professionele facilitair partner met een hospitality aanpak in verschillende Europese landen” geeft Bas Cornelissen aan, Algemeen Directeur van EW Facility Services. Ons management team is verheugd dat het bedrijf de volgende stap kan maken en dat groei ambities ingevuld kunnen worden. Met de komst van Bencis ontstaat de mogelijkheid om onze strategie te versnellen.”

Bencis is een onafhankelijke investeringsmaatschappij, die ondernemers en management teams steunt bij het realiseren van hun groeiambities. Bencis investeert sinds 1999 vanuit haar kantoren in Amsterdam en Brussel in sterke, succesvolle ondernemingen in Nederland en België.

Cire Facility Group participeert in een toonaangevende groep van Nederlandse en Belgische facilitaire dienstverleners met schoonmaken, handel, uitzenden en facility management als hoofdactiviteit. Alle bedrijven in deze portefeuille kennen een onderscheidend vermogen dat waarde toevoegt aan het primaire proces van opdrachtgevers middels hospitality- en belevingsconcepten. Het bedrijf is in handen van de ondernemers Eric Wentink en Henk den Hollander. De omzet bedraagt €139,5 miljoen.

English | 11 July 2016

BENCIS ANNOUNCES THE €425 MILLION FINAL CLOSING OF ITS FIFTH FUND

Amsterdam, 11 July 2016

Bencis Capital Partners is pleased to announce that it has raised Bencis Buyout Fund V, reaching the hard cap of €425 million within months after starting the fundraising process. Strong support from existing investors combined with significant interest from new investors from all over the world resulted in a swift and successful fundraising, whereby existing investors committed c. 85% of Bencis V.

The investor base of Bencis V consists of a broad mix of pension funds, fund-of-funds, asset managers, insurance companies, family offices and private individuals.

Bencis V’s investment strategy is equal to its prior funds: from offices in Amsterdam and Brussels the Fund will invest in mature, profitable companies, headquartered in the Benelux. The targeted companies are well positioned for further growth. Focus will be on companies with operating profits up to €50 million.

Background on Bencis Capital Partners
Bencis is an independent private equity partnership that supports management teams in realizing their growth ambitions, both organically as well as via acquisitions.

Since its inception in 1999, Bencis has invested in 46 companies. Furthermore, Bencis has acquired over 130 companies as add-ons to these companies.

English | 4 April 2016

Bencis Capital Partners acquires majority stake in BRB

BRB leaping forward to realize its ambitions

Ittervoort, Netherlands (29th March 2016)
Bencis Buyout Fund IV, a fund managed by Bencis Capital Partners, an independent
investment company based in Amsterdam and Brussels has acquired a majority share of
BRB Holding B.V., a global producer of silicones, lube oil additives and chemicals.
“Within 35 years, BRB has evolved into a global player” says Ralph Pinckaers, Chief
Executive Officer of BRB. “Now is the time to move to the next level. We have made
strategic investments for both our Silicone and Lube oil Additive businesses, in Malaysia
and Singapore respectively. Bencis comes at the perfect moment to help us fuel our
further growth. We now can realize manufacturing and product range expansion, extended
geographical coverage and new business partnerships, while capitalizing on our identity:
Ambition, Flexibility and Innovation.
The BRB Silicones business unit produces specialty silicones like emulsions, antifoams,
water repellants, silanes, resins, silicone polyethers, vinyl silicones, amino silicones,
dimethiconol blends, cross polymers and many more customized products for the silicone
industry. The new partnership with Bencis will accelerate the growth in our two core
markets for silicones: personal & home care and construction & coating. BRB also supplies
a very broad range of superiorly priced core and specialty intermediates to all the silicone
industry.
Our Lube Oil Additives & Chemicals (LAC) business unit manufactures a full range of Lube
oil Additive packages and components to formulate finished lubricants. Our main strengths
are in the production and R&D of VII (viscosity index improver) solutions, automotive and
industrial gear additives as well as the off road- and engine oil packages. LAC also offers a
wide variety of chemical products, such as coolants, screen wash fluids and environmental
friendly solutions for the petrochemical cleaning industry. With the support of Bencis, we
will strengthen our market presence even further in the automotive, off-road,
petrochemical and industrial markets” added Ralph Pinckaers.
“At Bencis, we enjoy teaming up with entrepreneurs and management teams in order to
support them in implementing their plans. We do so based on a long term strategic vision
that keeps the horizon in sight at all times. Company management retains full control
however.
We at Bencis use our 15 years of experience to facilitate growth via an intelligent, but also
highly involved, approach. Through joint consultation, we progress in leaps and bounds and
ultimately realize the company’s ambitions” says Lesley van Zutphen, Managing Partner
with Bencis Capital Partners B.V.
Ambition, Flexibility, Innovation
____________________________________________________________________________
Bencis realising ambitions.
Bencis Capital Partners is an independent investment company founded in 1999 and
supporting entrepreneurs and management teams in achieving their growth objectives.
Bencis has a 16-year history of investing in strong and successful businesses in the
Netherlands and Belgium. With an extensive experience in sectors like Industry &
Manufacturing, Food & Beverages, Business & Consumer Services, Healthcare & Leisure
and Wholesale & Retail, Bencis is capable of adding true value, focusing not only on the
business, but mainly on supporting the people that have created and/or drive these
companies.
With offices in Amsterdam and Brussels/Diegem, Bencis currently invests in 14 companies,
which together employ approximately 4,250 people. These businesses achieve a combined
annual turnover of approximately 1.1 billion euros. Bencis aims to invest in companies
with an operating profit up to 50 million euro.
BRB, a perfect mix of dynamic and youthful élan.
BRB, a dynamic and innovative company, has an extensive experience in the fields of
Silicones, Lube oil Additives and Chemicals. BRB is now of its kind, one of the largest
independent and privately owned companies in the world.
BRB supplies a large range of products marketed by two business units (Silicones and Lube
oil Additives & Chemicals), to a broad range of customers in different industries like Lube
Oil Blending, Cosmetic Industry, Coating Industry, Automotive, Off Shore Industry and
High Tech industries.
Established in 1981 and headquartered in the south of the Netherlands, BRB has created
an effective worldwide supply chain network with offices and warehouses in Germany,
Poland, United States, Malaysia, Australia, China, Singapore, Brazil, Turkey, United Arab
Emirates and South Africa. BRB’s manufacturing sites are located in Europe and Asia.
Press contact BRB International BV:
Aleid Mensen
Phone: +31 475 560 314
Email: amensen@brbbv.com
www.brb-international.com

English | 29 March 2016

Bencis Capital Partners acquires majority stake in BRB

BRB leaping forward to realize its ambitions

Ittervoort, Netherlands (29th March 2016)

Bencis Buyout Fund IV, a fund managed by Bencis Capital Partners, an independent investment company based in Amsterdam and Brussels has acquired a majority share of BRB Holding B.V., a global producer of silicones, lube oil additives and chemicals.
“Within 35 years, BRB has evolved into a global player” says Ralph Pinckaers, Chief Executive Officer of BRB. “Now is the time to move to the next level. We have made strategic investments for both our Silicone and Lube oil Additive businesses, in Malaysia and Singapore respectively. Bencis comes at the perfect moment to help us fuel our further growth. We now can realize manufacturing and product range expansion, extended geographical coverage and new business partnerships, while capitalizing on our identity: Ambition, Flexibility and Innovation.
The BRB Silicones business unit produces specialty silicones like emulsions, antifoams, water repellants, silanes, resins, silicone polyethers, vinyl silicones, amino silicones, dimethiconol blends, cross polymers and many more customized products for the silicone industry. The new partnership with Bencis will accelerate the growth in our two core markets for silicones: personal & home care and construction & coating. BRB also supplies a very broad range of superiorly priced core and specialty intermediates to all the silicone industry.
Our Lube Oil Additives & Chemicals (LAC) business unit manufactures a full range of Lube oil Additive packages and components to formulate finished lubricants. Our main strengths are in the production and R&D of VII (viscosity index improver) solutions, automotive and industrial gear additives as well as the off road- and engine oil packages. LAC also offers a wide variety of chemical products, such as coolants, screen wash fluids and environmental friendly solutions for the petrochemical cleaning industry. With the support of Bencis, we will strengthen our market presence even further in the automotive, off-road, petrochemical and industrial markets” added Ralph Pinckaers.
“At Bencis, we enjoy teaming up with entrepreneurs and management teams in order to support them in implementing their plans. We do so based on a long term strategic vision that keeps the horizon in sight at all times. Company management retains full control however.
We at Bencis use our 15 years of experience to facilitate growth via an intelligent, but also highly involved, approach. Through joint consultation, we progress in leaps and bounds and ultimately realize the company’s ambitions” says Lesley van Zutphen, Managing Partner with Bencis Capital Partners B.V.

Ambition, Flexibility, Innovation
Bencis realising ambitions.

Bencis Capital Partners is an independent investment company founded in 1999 and supporting entrepreneurs and management teams in achieving their growth objectives.
Bencis has a 16-year history of investing in strong and successful businesses in the Netherlands and Belgium. With an extensive experience in sectors like Industry & Manufacturing, Food & Beverages, Business & Consumer Services, Healthcare & Leisure and Wholesale & Retail, Bencis is capable of adding true value, focusing not only on the business, but mainly on supporting the people that have created and/or drive these companies.
With offices in Amsterdam and Brussels/Diegem, Bencis currently invests in 14 companies, which together employ approximately 4,250 people. These businesses achieve a combined annual turnover of approximately 1.1 billion euros. Bencis aims to invest in companies with an operating profit up to 50 million euro.
BRB, a perfect mix of dynamic and youthful élan.
BRB, a dynamic and innovative company, has an extensive experience in the fields of Silicones, Lube oil Additives and Chemicals. BRB is now of its kind, one of the largest independent and privately owned companies in the world.
BRB supplies a large range of products marketed by two business units (Silicones and Lube oil Additives & Chemicals), to a broad range of customers in different industries like Lube Oil Blending, Cosmetic Industry, Coating Industry, Automotive, Off Shore Industry and High Tech industries.
Established in 1981 and headquartered in the south of the Netherlands, BRB has created an effective worldwide supply chain network with offices and warehouses in Germany, Poland, United States, Malaysia, Australia, China, Singapore, Brazil, Turkey, United Arab Emirates and South Africa. BRB’s manufacturing sites are located in Europe and Asia.

Press contact BRB International BV:
Aleid Mensen
Phone: +31 475 560 314
Email: amensen@brbbv.com
www.brb-international.com

English | 8 January 2016

Gimv acquires a majority stake in the newly merged group Itho Daalderop and Klimaatgarant

Gimv and the management will acquire the shares of both Itho Daalderop and Klimaatgarant. Itho Daalderop was owned by Bencis since 2010. Wim van den Bogerd, the current CEO of Klimaatgarant, will become CEO of the new group. This is one of Gimv’s larger investments in the Netherlands.

A growing awareness of the climate – both in recent years and in years to come – has drawn attention to the importance of energy efficiency. In the construction sector, this is reflected in ever more stringent energy performance standards (EPC) for new construction projects and a trend towards more sustainable renovation. Likewise, the market demands on the interior climate of homes in terms of comfort and health are becoming increasingly strict. Moreover, the market has indicated that it wants providers to go beyond simply providing products, demanding that they guarantee long-term energy performance as well.

Itho Daalderop and Klimaatgarant, who have been collaborating for some time, have a clear answer to the demand for performance guarantees, which will be enshrined in the Energy Performance Fee Act. As a result of monitoring 6,500 homes over several years, the companies have developed a unique approach that can be used to improve the performance of products and services in the renovation and new construction market.

Itho Daalderop (www.ithodaalderop.nl) develops, manufactures and sells innovative heating, domestic hot water, ventilation, and control technology solutions. Its product range includes central heating systems, heat pumps, (solar) boilers, kitchen boilers and ventilation systems. Over the years, the company has become a major player in the Benelux in the field of HVAC products for the residential market. These products can be combined to develop total systems for energy-neutral housing.

Klimaatgarant (www.klimaatgarant.nl) develops energy-neutral housing projects for municipalities, project developers and housing corporations. Its approach is to reduce energy consumption as much as possible, after which it ensures this reduced energy demand is met as sustainably as possible with the specific goal of creating an energy-neutral home. Residents are provided with a 25-year guarantee that their home will not consume energy on a net basis. Klimaatgarant’s climate system is based on heat and cold storage, optimal insulation and ventilation. It is powered entirely by solar energy. This year Klimaatgarant won the Triodos Bank’s Hart-Hoofdprijs award, which shines the spotlight on entrepreneurs who are sustainability frontrunners in their sector.

The Itho Daalderop and Klimaatgarant merger is well positioned to play a leading role as a provider of total solutions in the renovation and new construction market. The two companies had a combined turnover of around EUR 78 million in 2015, and are aiming to double this figure by 2021. The merged group will be headed by Wim van den Bogerd, co-founder and director of Klimaatgarant and former CEO of Itho.

With this growth capital investment Gimv acquires a majority stake alongside the management of the newly formed group. For Gimv, it is a fantastic addition to the existing portfolio managed by the Sustainable Cities Platform, which also participates in Brakel, ARS, Well Services Group, Itineris and Lampiris.

Wim van den Bogerd explains: “The entire team is excited to see these two market leaders merge into a strong single entity that will be well-equipped to provide homeowners across the Benelux with total solutions in transitioning to an energy-neutral, sustainable future.”

“After a thorough analysis of the market and the various players, we believe that Itho Daalderop and Klimaatgarant are the right combination. This investment is an example of how we as a sector team aim to create opportunities for deals and work alongside management teams to facilitate the growth and development of our businesses,” adds Ivo Vincente, Managing Partner and Head of Gimv’s Sustainable Cities Platform.

The transaction remains subject to customary closing conditions, including approval by the competition authorities.

English | 20 November 2015

Bencis and Gimv-XL reach agreement on the sale of Xeikon

Bencis Capital Partners B.V. (‘Bencis’) and Gimv-XL (‘Gimv) announce that they entered into an agreement for the sale of XBC B.V., a company that holds a controlling interest in Xeikon N.V. (‘Xeikon’), to Flint Group (‘Flint’).

End September 2013, Bencis and Gimv indirectly acquired a 65.68% stake in Xeikon. After a mandatory public offer, this stake increased to above 95% further to which a squeeze-out procedure was launched. This transaction will not impact XBC B.V.’s pending claim in the squeeze out procedure to acquire 100% of the shares.

Both Bencis and Gimv recently reached an agreement with Flint Group for the sale to the latter of their indirect controlling stake in Xeikon, a leading digital solutions provider to the packaging and commercial printing market. Xeikon’s pioneering products and services will be the foundation of a newly created division to be called Flint Group Digital Printing Solutions. Flint Group (www.flintgrp.com) develops, manufactures and markets an extensive portfolio of printing consumables. Headquartered in Luxembourg, Flint Group employs some 6800 people. Revenues for 2014 were EUR 2.1 billion. On a worldwide basis, the company is the number one or number two supplier in every major market it serves.

For Gimv-XL, the sale of Xeikon will have a positive impact of EUR 5.2 million on the equity value at 30 September 2015, of which EUR 2.2 million for the listed entity Gimv nv (or EUR 0.09 per share). We are very satisfied with the return on this investment. No further financial details on this transaction will be disclosed.

The transaction remains subject to customary closing conditions, including approval by the competition authorities, and is expected to be completed by the end of 2015.

For more information on this transaction we refer to the press release of Flint Group on its website.

English | 30 October 2015

a.s.r. to acquire Dutch ID

a.s.r. will acquire Velserbroek-based Dutch ID. Dutch ID is the holding company of Boval Group and Felison Assuradeuren. Boval is an independent consultancy and financial services broker and Felison Assuradeuren is a service provider. Both companies will continue to operate independently. The acquisition will give Boval and Felison the opportunity to grow further as a broker and as one of the Netherlands’ larger service providers respectively.

Dutch ID is one of the larger financial service providers in the country. Felison has a leading position as a service provider in income protection cover. Boval has a large client base in the agricultural wage, mechanical excavation and transport sectors. a.s.r. will acquire the shares in Dutch ID from investment company Bencis and from its management. The company’s 150 employees and three Board members will remain in the employ of Dutch ID.

Dutch ID Director Jaap Eringa: ‘We are delighted to be able to further strengthen our role on the Dutch consultancy market. The acquisition by a Dutch insurance company which deliberately opts for a broker as distribution partner and the resulting strategic boost, will give us the opportunity to further improve our service to Dutch businesses. This, together with the experience we have built up over more than 50 years, will allow us to continue providing significant added value to our customers.’

Rob van der Laan, partner at Bencis: ‘a.s.r. is a natural parent for Boval and Felison, under which they can expand further as an intermediary and service provider respectively.’

Michel Verwoest, member of the Executive Board of a.s.r.: ‘The service quality of our key distribution partner, the intermediary channel, is crucially important to us. That is why a.s.r. has chosen to bolster its strategic position in the distribution channel, particularly in the area of service provision. Boval and Felison have a long-standing track record in providing services to intermediaries and their customer satisfaction rating is excellent. They provide added value to customers, intermediaries and insurance companies alike. We are confident that Felison’s and Boval’s focus on income protection and disability insurance services respectively and a.s.r.’s position as market leader in this segment will be perfectly complementary.’

The Boval and Felison brand names will be retained. No details are being published about the purchase price.

Nederlands | 11 maart 2015

Veilinghuizen Dechow en Karner & Dechow gaan samen verder met Auctio Group

Amersfoort, 11 maart 2015

Medio 2014 gingen marktleider in online veilingen, BVA Auctions en niche speler in gesloten veilingen voor restanten van A-merken, I-deal Overstock, samen verder onder de vlag van de Auctio Group (Auctio B.V.).

De Auctio Group wil samen met grootaandeelhouder Bencis, investeren in innovatie en groei van een pan-Europese groep gericht op online veilingen. Vanuit die optiek is er gezocht naar interessante partners om de groep te versterken. De afgelopen maanden is overeenstemming bereikt met het Duitse veilinghuis Dechow en het Oostenrijkse veilinghuis Karner & Dechow om toe te treden tot de Auctio Group. De Auctio Group is erg blij met de versterking van deze gerenommeerde spelers, die in hun thuismarkt een lange historie hebben. Het samengaan betekent voor de database van de Auctio Group een enorme verrijking met industriële potentiele kopers voor de afzetmarkt in Centraal Europa.

De Auctio Group is actief op het gebied van industriële- en consumentenveilingen van roerende en onroerende zaken in nagenoeg alle branches. Dit gebeurt naast de mainstream veilingen van BVA Auctions, middels de zogenaamde “verticals”, zoals bijvoorbeeld:

  • BOG Auctions bedrijfs onroerend goed
  • Daily Specials dagelijkse consumentenveilingen beginnend bij € 1.-
  • BVA Automotive auto’s
  • BVA Nautic registerschepen
  • I-deal Overstock restanten van A-merken

Tevens biedt BVA opdrachtgevers, middels BVA Services, maatwerk dienstverlening op het gebied van beheer van gebouwen en schepen. Door het bundelen van de krachten van de individuele ondernemingen is de Auctio Group beter in staat om zowel haar opdrachtgevers als haar klanten te faciliteren. Dit door middel van het vergroten van de afzetmarkten, het verbreden van het aanbod voor de klant en de grenzeloze dienstverlening.

De Auctio Group wordt hiermee Europees marktleider op het gebied van (allround) online veilingen:

  • Totaal veilingvolume van € 180 mio per jaar
  • 160.000 kavels per maand
  • Gemiddeld 5,2 mio bezoeken op de sites per maand
  • 80 mio pageviews per maand
  • Actief in: Nederland, Duitsland, Oostenrijk, Kroatië, Hongarije, België en Spanje

Voor meer informatie:
Evert Dorhout Mees
CEO Auctio Group

 

Nederlands | 17 februari 2015

Bencis verwerft meerderheidsbelang in Boval Groep

Boval Groep, de toonaangevende financiële dienstverlener op het gebied van schade- en inkomensverzekeringen uit Velserbroek, heeft een meerderheidsbelang verkocht aan Bencis Buy Out Fund IV (“Bencis”).

Boval Groep kan door deze samenwerking haar dienstverlening verder uit breiden en optimaliseren. Jaap Eringa, CEO van Boval Groep: “De komende jaren wordt het steeds belangrijker om onze dienstverlening aan de eindklanten en de bij ons aangesloten bemiddelaars verder te ontwikkelen, zodat zij zich volledig kunnen richten op hun kernactiviteiten. Een samenwerking met een onafhankelijke en financieel daadkrachtige partner kan hieraan een goede bijdrage leveren”.

Bencis is een gerenommeerde investeringsmaatschappij die investeert in solide bedrijven, die geleid worden door een ervaren en ambitieus management. De directie van Boval Groep wijzigt dan ook niet; Jaap Eringa, Jeroen Wiersma en Janwillem Fidder blijven als directie verantwoordelijk voor Boval Groep en zijn tevens als aandeelhouder betrokken bij de onderneming.

Operationeel verandert er niets, ook niet voor de ruim 140 betrokken personeelsleden. Jaap Eringa: “Onze organisatiestructuur is plat en zeer efficiënt ingericht, met een stevig middenkader en zeer betrokken medewerkers. Samen met Bencis kunnen wij nog beter inspelen op de groeikansen en veranderingen in de markt”.

English | 5 December 2014

ASC first for Belgian Morubel

ASC scoop for Morubel

Oostende, Friday, December 5th, 2014

 

Last Wednesday, the first ASC certified shrimp were packed in the Morubel factory in Oostende and loaded for transport to Colruyt Group.

This is a scoop for both Morubel and Colruyt Group, as it will be the first ASC shrimp for sale in the Benelux and France.

Colruyt Group aims at having the ASC shrimp in the shelves of the Colruyt stores by the weekend.

The ASC shrimp standard for responsible shrimp farming was approved end of March this year. But months earlier Morubel motivated and supported its suppliers to prepare for an ASC audit. This long before the final version of the ASC.These suppliers were among the first to be evaluated against the ASC standard in Vietnam. Also at Morubel the necessary steps were taken to achieve ASC certification for the chain of custody .

Morubel has always taken the lead in sustainability: MSC, GLOBALG.AP, BIO, BSCI and now ASC. The “Think Pure Taste More ‘story is not an empty slogan.

Customers know that Morubel is a pioneer and Morubel is proud that the first ASC shrimp that are for sale in the Benelux and France are Morubel shrimp .

English | 30 October 2014

Tarkett to acquire Desso, one of the European leaders in commercial carpets

Paris-Nanterre (France), October 30, 2014

 

Tarkett, a global leader in flooring and sports surfaces solutions, has reached an agreement in principle with Bencis Capital Partners and minority investors to acquire 100% of Desso.

Desso, a well-established brand, produces high-end and innovative carpet flooring, mainly for commercial applications (offices, education, hospitality, marine and aviation segments), and is present in consumer carpets in Europe. The company also serves the sports market with artificial turf and a unique reinforced natural grass system(GrassMaster®).

Headquartered in the Netherlands, Desso achieved 202 million euros of sales in 2013, employs approximately 820 people and operates three plants in Europe. With the support of Bencis, Desso has demonstrated a strong and improving performance over the past few years.

“The acquisition of Desso will enable Tarkett to accelerate its profitable growth strategy by targeting the European market of added value carpet for commercial and residential use, as well as innovative sports surfaces. This move will extend our product portfolio, offering our customers complementary and cutting-edge solutions, as well as extensive design expertise” explains Michel Giannuzzi, CEO of Tarkett. “Following the successful acquisition of Tandus in the United States, Desso will allow Tarkett to provide commercial carpet solutions to all customers worldwide.”

“We are very excited to join Tarkett with whom we share the same vision and entrepreneurial values, as well as a strong commitment to sustainability, both applying the Cradle to Cradle* principles at each step of the product’s life and supporting the development of the circular economy. Within the Tarkett group, we will be in a position to offer extended development opportunities to our customers and partners, with products that aim to improve people’s wellbeing and ultimately their performance.” comments Alexander Collot d’Escury, CEO of Desso. Desso’s works council has been informed of the transaction and the consultation process is currently ongoing, as well as the filing procedures with the relevant competition authorities. The transaction is expected to be concluded at the end of this year.

* About Cradle to Cradle
Tarkett and Desso adopted the Cradle to Cradle® (C2C) design principles for several years with the support of the German scientific institute Environmental Protection Encouragement Agency (EPEA). The C2C approach is managed as an ‘innovation engine’ by both companies rethinking the choice of raw materials that are safe and good for people and the environment, thus positively contributing to improved indoor air quality, people’s wellbeing and the environment. C2C takes into account each step of the product’s life: conception, production, usage, end of use, and recycling.

About Tarkett
Tarkett is a global leader in innovative and sustainable solutions for flooring and sports surfaces. With a wide range of products including vinyl, linoleum, carpet, rubber, wood & laminate, synthetic turf and athletic tracks, the Group serves customers in more than 100 countries worldwide. With 11,000 employees and 32 production sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to sustainable development, the Group has implemented an eco‐innovation strategy and promotes circular economy. Tarkett net sales of 2.5 billion euros in 2013 are balanced between Europe, North America and new economies. Tarkett is listed on Euronext Paris (compartment A, ticker TKTT, ISIN: FR0004188670) and is included in the following indices: SBF 120, CAC Mid 60, CAC Mid & Small, CAC All‐Tradable
www.tarkett.com.

Desso
Desso is a leading global carpets and sport pitches company, active in more than 100 countries. Desso products are supplied to corporate offices, education, healthcare, government, homes and also hotels, cruise liners and airlines. It also produces world leading sports surfaces such as the DESSO GrassMaster®, which has been installed at the home grounds of Champions League sides and at the football ‘temple’ Wembley. Today, most people spend on average 90% of their time indoors which has led to the company’s vision: ‘How to make the floor work for our health and wellbeing’. Our mission is to ensure that we develop unique products that deliver a much improved indoor environment that maximizes people’s health and wellbeing and ultimately their performance. This is driven by our innovation programme based on the three pillars of Creativity, Functionality and Cradle to Cradle® design. For more information please visit: www.desso.com

 

English | 12 September 2014

Bencis and management acquire CNG Net

Source: press release Ballast Nedam / 12 September 2014

“The sale of the following businesses: CNG Net B.V., LNG24 B.V. and CNG Net Realisatie en Onderhoud B.V. to funds managed by Bencis Capital Partners (“Bencis”), which was announced on 25 July, has been completed. This package of divestments represents a total selling price of approximately €26.5 million, and generates a book profit of over €5 million for Ballast Nedam. The number of jobs involved will not be affected by this transaction.

Ballast Nedam founded CNG Net in 2008 and LNG24 in 2011, to deliver sustainable mobility. These companies develop, invest in, and operate CNG and LNG filling stations for the private and public transport markets, as well as for personal vehicles. CNG Net is the market leader in this segment in the Netherlands. The company, which recently opened its 58th public filling station, operates 11 dedicated filling locations for customers whose vehicles are fuelled with green gas. LNG24 has been operating an LNG filling station in Zwolle since 2012. The company’s ambition is to expand its network of LNG filling stations.”

Please click here for the full press release.

English | 1 August 2014

Acquisition Bencis’ portfolio company SPGPrints by Investcorp

Investcorp, a global provider and manager of alternative investment products, today announces it has reached a definitive agreement to acquire SPGPrints Group B.V. (“SPGPrints” or the “Company”) from funds managed by Bencis Capital Partners. Final closing was executed on August 1st , 2014.

Established in 1947, SPGPrints is the leading global provider of integrated solutions for rotary screen and digital printing for textiles and graphic applications, and the leading manufacturer of precision metal components for a broad range of applications. Headquartered in Boxmeer, The Netherlands, the Company is represented in more than 100 countries worldwide and in 2013 generated revenue of EUR 214m, a large share of which was from emerging markets.

Carsten Hagenbucher, a Principal in Investcorp’s corporate investment team in London, said: “We have followed SPGPrints for a long time and were attracted by its differentiated, global rotary screen business, its innovative digital inks activities, attractive precision metals offering and entrepreneurial management team. We’re excited to now have the opportunity to partner with management as we seek to help accelerate the Company’s growth, both organically and through appropriate add-on acquisitions, and to drive continued international expansion. There are many parallels to other portfolio companies in which we have invested and we look forward to applying such knowledge to SPGPrints, particularly with respect to digital inks.”

Mr. D.W. Joustra, Chief Executive Officer of SPGPrints, added: “We were impressed by Investcorp’s long track record of working with the management teams of its portfolio companies to help them expand into new markets on an international scale. With a truly global presence, we believe that Investcorp is a complementary partner for SPGPrints and one that will provide us with the solid capital base required to help us realize the full growth potential of the business, including through add-on acquisitions.”

English | 28 January 2014

Final Offer results – XBC holding 95.3% of all issued shares not held by Xeikon; Delisting and squeeze-out to commence as soon as possible

PRESS RELEASE
This press release is issued by Bencis Capital Partners B.V. in accordance with Section 17 of the Decree on public offers Wft (Besluit openbare biedingen Wft). This press release is for informative purposes only and is not intended and may not be construed as an offer to sell or a request to purchase or subscribe to any securities in Xeikon N.V. The offer will be made only by means of a separate offer memorandum specifically published for this purpose, subject to the applicable rules and regulations in the Netherlands. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States, Canada and Japan. Terms used but not defined in this press release shall have the meaning given to them in the Offer Memorandum dated 6 November 2013.

Final Offer results – XBC holding 95.3% of all issued shares not held by Xeikon; Delisting and squeeze-out to commence as soon as possible

27 January 2014 – With reference to its press releases of 20 September 2013, 18 October 2013, 4 November 2013, 6 November 2013 and 13 January 2014, Bencis Capital Partners (“Bencis”) hereby announces that during the Post-Closing Acceptance Period which ended on 24 January 2014 at 17:40 hours CET, 571,534 Shares with a total value of EUR 3,343,474 have been tendered for acceptance under the Offer, representing 2.0% of the issued share capital of Xeikon.

With reference to its press releases of 20 September 2013, 18 October 2013, 4 November 2013, 6 November 2013 and 13 January 2014, Bencis Capital Partners (“Bencis”) hereby announces that during the Post-Closing Acceptance Period which ended on 24 January 2014 at 17:40 hours CET, 571,534 Shares with a total value of EUR 3,343,474 have been tendered for acceptance under the Offer, representing 2.0% of the issued share capital of Xeikon.

Settlement
On 31 January 2014, the Offeror will pay the Offer Price of EUR 5.85 per validly tendered and delivered (geleverd) Share during the Post-Closing Acceptance Period, after which the Offeror will hold 19,283,806 Shares, representing 95.3% of all issued shares not held by Xeikon and 67.2% of the issued share capital of Xeikon.
geleverd) Share during the Post-Closing Acceptance Period, after which the Offeror will hold 19,283,806 Shares, representing 95.3% of all issued shares not held by Xeikon and 67.2% of the issued share capital of Xeikon.

Consequences of the Offer
Shareholders who did not tender their Shares under the Offer should carefully review Section 5.5 of the Offer Memorandum, which describes certain risks that such Shareholders will be subject to now that the Offer has been completed.

Delisting
Taking into account that the Offeror on Settlement will have acquired more than 95% of all issued Shares not held by Xeikon, the Offeror will as soon as practicable commence discussions with Euronext Amsterdam to effectuate the delisting of the Shares.

Squeeze out
The Offeror intends to initiate squeeze-out proceedings as soon as possible in order to acquire all Shares that have not been tendered under the Offer.

Restrictions
The Offer is being made in and from the Netherlands and in Belgium with due observance of the statements, and restrictions included in the Offer Memorandum. The Offeror reserves the right to accept any tender under the Offer, which is made by or on behalf of a Shareholder, even if it has not been made in the manner set out in the Offer Memorandum.

The distribution of the Offer Memorandum and/or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted and/or prohibited by law. The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum. However, acceptance of the Offer by Shareholders not residing in the Netherlands or Belgium will be accepted by the Offeror if such
acceptances comply with (i) the acceptance procedure set out in the Offer Memorandum, and (ii) the applicable laws and regulations in the jurisdiction from which such acceptances have been made. Persons obtaining the Offer Memorandum are required to take due note and observe all such restrictions and obtain any necessary authorisations, approvals or consents (to the extent applicable). Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisers accepts any liability for any violation by any person of any such restriction. Outside of the Netherlands and Belgium, no actions have been taken (nor will actions be taken) to make the Offer possible in any jurisdiction where such actions would be required. In addition, the Offer Memorandum
has not been filed with or recognised by the authorities of any jurisdiction other than the Netherlands and Belgium.

Any person (including, without limitation, custodians, nominees and trustees) who forwards or intends to forward the Offer Memorandum or any related document to any jurisdiction outside the Netherlands and Belgium should carefully read Section 1 (Restrictions) and Section 2 (Important information) of the Offer Memorandum before taking any action.

The release, publication or distribution of the Offer Memorandum and any documentation regarding the Offer or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted by law and therefore persons into whose possession the Offer Memorandum comes should inform themselves about and observe such restrictions. Any failure to comply with any such restriction may constitute a violation of the law of any such jurisdiction. Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisors accepts any liability for any violation by any person of any such restriction.

United States of America
The Offer is not being made, directly or indirectly, in or into, or by use of the mailing systems of, or by any means or instrumentality (including, without limitation, electronic mail, post, telephone, facsimile, telex or electronic transmission) of interstate or foreign commerce of, or of any facility of a securities exchange of the United States of America, and the Offer cannot be accepted by any such use, means, instrumentality or facility of or from within the United States of America. Accordingly, the Offer Memorandum and any related documents are not being and must not be mailed or otherwise distributed or sent in or into the United States of America or in their capacities as such custodians, trustees or nominees holding shares for American persons and persons receiving such documents (including, without limitation, custodians, nominees and
trustees) must not distribute or send them into such jurisdictions and doing so will render invalid any relevant purported acceptance of the Offer.

The Offer Memorandum has not been submitted to or reviewed by the United States Securities and Exchange Commission or any state securities commission. Neither the United States Securities and Exchange Commission nor any such state securities commission has approved or disapproved of the Offer, passed upon the fairness or merits of the Offer, or passed upon the adequacy or accuracy of the disclosure contained in the Offer Memorandum. Any representation to the contrary is a criminal offence in the United States of America.

Canada and Japan
The Offer and any solicitation in respect thereof is not being made, directly or indirectly, in or into Canada or Japan, or by use of the mailing systems, or by any means or instrumentality of interstate or foreign commerce, or any facilities of a national securities exchange, of Canada or Japan. This includes, but is not limited to, post, facsimile transmission, telex or any other electronic form of transmission and telephone.Accordingly, copies of the Offer Memorandum and any related press announcements, acceptance forms and other documents are not being sent and must not be mailed or otherwise distributed or sent in, into or from Canada or Japan or, in their capacities as such, to custodians, nominees or trustees holding Shares for persons residing in Canada or Japan. Persons receiving the Offer Memorandum and/or such other
documents must not distribute or send them in, into or from Canada or Japan, or use such mailing systems or any such means, instrumentality or facilities for any purpose in connection with the Offer; so doing will invalidate any purported acceptance of the Offer. The Offeror will not accept any tender by any such use, means, instrumentality or facility from within Canada or Japan.

Tender and transfer of Shares constitutes a representation and warranty that the person tendering the Shares (i) has not received or sent copies of the Offer Memorandum or any related documents in, into or from Canada or Japan and (ii) has not otherwise utilised in connection with the Offer, directly or indirectly, the mailing systems or any means or instrumentality including, without limitation, facsimile transmission, telex and telephone of interstate or foreign commerce, or any facility of a national securities exchange of, Canada or Japan. The Offeror reserves the right to refuse to accept any purported acceptance that does not comply with the foregoing restrictions, any such purported acceptance will be null, void and without effect.

English | 13 January 2014

XBC increases holding to 92.5% of all issued shares not held by Xeikon; Post-Closing Acceptance Period open up to 24 January 2014

PRESS RELEASE
This press release is issued by Bencis Capital Partners B.V. in accordance with Section 16 and Section 17 of the Decree on public offers Wft (Besluit openbare biedingen Wft). This press release is for informative purposes only and is not intended and may not be construed as an offer to sell or a request to purchase or subscribe to any securities in Xeikon N.V. The offer will be made only by means of a separate offer memorandum specifically published for this purpose, subject to the applicable rules and regulations in the Netherlands. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States, Canada and Japan. Terms not defined in this press release shall have the meaning given in the Offer Memorandum. Terms used but not defined in this press release shall have the meaning given to them in the Offer Memorandum dated 6 November 2013.

XBC increases holding to 92.5% of all issued shares not held by Xeikon; Post-Closing Acceptance Period open up to 24 January 2014

13 January 2014 – With reference to its press releases of 20 September, 18 October 2013, 4 November 2013 and 6 November 2013, Bencis Capital Partners (“Bencis”) announces today that as per the expiration of the Acceptance Period on 9 January 2014 at 17:40 hours CET, 1,360,077 Shares with a total value of EUR 7,956,450 have been tendered for acceptance under the Offer, representing 4.7% of the issued share capital of Xeikon. Bencis will accept all shares that have been validly tendered (or defectively tendered provided that such defect has been waived by Bencis) and not previously withdrawn.

Settlement
On January 17 2014, the Offeror will pay the Offer Price of EUR 5.85 per validly tendered and delivered (geleverd) Share under the Offer, after which the Offeror will hold 18,712,272 Shares representing 92.5% of all issued shares not held by Xeikon or 65.2% of the issued share capital of Xeikon.

Post-Closing Acceptance Period
In order to grant shareholders of Xeikon who have not yet tendered their Shares, the possibility to tender their Shares under the same terms and restrictions applicable to the Offer and as described in the Offer Memorandum, the Offeror will set a Post-Closing Acceptance Period (na-aanmeldingstermijn). The Post-Closing Acceptance Period will commence on 14 January 2014 at 09:00 hours CET and will expire on 24 January 2014 at 17:40 hours CET. The remaining Shareholders who do not wish to tender their Shares in the Post-Closing Acceptance Period should carefully review Section 5.5 of the Offer Memorandum, which describes certain risks that will exist in connection with their continued shareholding in Xeikon.

Shareholders who tender Shares during the Post-Closing Acceptance Period shall not have the right to withdraw such tendered Shares. Shares validly tendered (or defectively tendered, provided that such defect has been waived by the Offeror) during the Post-Closing Acceptance Period will immediately be accepted. The Offeror shall arrange for a payment for the tendered Shares in the Post-Closing Acceptance Period within five Business Days after the announcement of the results of the Post-Closing Acceptance Period.

Acceptance by shareholders through an Admitted Institution
Shareholders who wish to make use of the possibility of post-acceptance and hold their Shares through an institution admitted to Euronext Amsterdam (an “Admitted Institution”) are requested to make their acceptance known through their financial intermediary no later than 17:40 hours CET on 24 January 2014. The financial intermediary may set an earlier deadline for communication by shareholders in order to permit the financial intermediary to communicate its acceptance to the Settlement Agent in a timely manner.

For further information please refer to the Offer Memorandum that has been made publicly available on 6 November 2013, which also applies during the Post-Closing Acceptance Period.

Delisting
In the event that the Offeror will acquire 95% of the Shares, the Offeror will apply for delisting of those Shares with Euronext Amsterdam. In addition, if 95% or more of the Shares have been acquired, the Offeror intends to commence a squeeze-out procedure to acquire all remaining Shares not tendered under the Offer and not held by the Offeror or Xeikon after settlement of the Offer.

Offer Memorandum and further information
Digital copies of the Offer Memorandum are available on the websites of Xeikon (www.xeikon.com) and the Settlement Agent (www.kbc.be, www.kbcsecurities.be). Copies of this Offer Memorandum are also available free of charge at the offices of Xeikon and the Settlement Agent at the addresses mentioned below. The websites of Xeikon and the Settlement Agent do not constitute a part of, and are not incorporated by reference into, the Offer Memorandum.

Addresses:
Xeikon
Xeikon N.V.
Brieversstraat 70
4529 GZ Eede
The Netherlands

Settlement Agent
KBC Securities NV
Havenlaan 12
1080 Brussels
Belgium

Restrictions
The Offer is being made in and from the Netherlands and in Belgium with due observance of the statements, and restrictions included in the Offer Memorandum. The Offeror reserves the right to accept any tender under the Offer, which is made by or on behalf of a Shareholder, even if it has not been made in the manner set out in the Offer Memorandum.

The distribution of the Offer Memorandum and/or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted and/or prohibited by law. The Offer is not being made, and the Shares will not be accepted for purchase from or on behalf of any Shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum. However, acceptance of the Offer by Shareholders not residing in the Netherlands or Belgium will be accepted by the Offeror if such acceptances comply with (i) the acceptance procedure set out in the Offer Memorandum, and (ii) the applicable laws and regulations in the jurisdiction from which such acceptances have been made. Persons obtaining the Offer Memorandum are required to take due note and observe all such restrictions and obtain any necessary authorisations, approvals or consents (to the extent applicable). Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisers accepts any liability for any violation by any person of any such restriction. Outside of the Netherlands and Belgium, no actions have been taken (nor will actions be taken) to make the Offer possible in any jurisdiction where such actions would be required. In addition, the Offer Memorandum has not been filed with or recognised by the authorities of any jurisdiction other than the Netherlands and Belgium.

Any person (including, without limitation, custodians, nominees and trustees) who forwards or intends to forward the Offer Memorandum or any related document to any jurisdiction outside the Netherlands and Belgium should carefully read Section 1 (Restrictions) and Section 2 (Important information) of the Offer Memorandum before taking any action.

The release, publication or distribution of the Offer Memorandum and any documentation regarding the Offer or the making of the Offer in jurisdictions other than the Netherlands and Belgium may be restricted by law and therefore persons into whose possession the Offer Memorandum comes should inform themselves about and observe such restrictions. Any failure to comply with any such restriction may constitute a violation of the law of any such jurisdiction. Neither the Offeror, nor Bencis, nor Xeikon, nor any of their respective affiliates or any of their respective supervisory or managing directors, employees or advisors accepts any liability for any violation by any person of any such restriction.

United States of America
The Offer is not being made, directly or indirectly, in or into, or by use of the mailing systems of, or by any means or instrumentality (including, without limitation, electronic mail, post, telephone, facsimile, telex or electronic transmission) of interstate or foreign commerce of, or of any facility of a securities exchange of the United States of America, and the Offer cannot be accepted by any such use, means, instrumentality or facility of or from within the United States of America. Accordingly, the Offer Memorandum and any related documents are not being and must not be mailed or otherwise distributed or sent in or into the United States of America or in their capacities as such custodians, trustees or nominees holding shares for American persons and persons receiving such documents (including, without limitation, custodians, nominees and trustees) must not distribute or send them into such jurisdictions and doing so will render invalid any relevant purported acceptance of the Offer.

The Offer Memorandum has not been submitted to or reviewed by the United States Securities and Exchange Commission or any state securities commission. Neither the United States Securities and Exchange Commission nor any such state securities commission has approved or disapproved of the Offer, passed upon the fairness or merits of the Offer, or passed upon the adequacy or accuracy of the disclosure contained in the Offer Memorandum. Any representation to the contrary is a criminal offence in the United States of America.

Canada and Japan
The Offer and any solicitation in respect thereof is not being made, directly or indirectly, in or into Canada or Japan, or by use of the mailing systems, or by any means or instrumentality of interstate or foreign commerce, or any facilities of a national securities exchange, of Canada or Japan. This includes, but is not limited to, post, facsimile transmission, telex or any other electronic form of transmission and telephone. Accordingly, copies of the Offer Memorandum and any related press announcements, acceptance forms and other documents are not being sent and must not be mailed or otherwise distributed or sent in, into or from Canada or Japan or, in their capacities as such, to custodians, nominees or trustees holding Shares for persons residing in Canada or Japan. Persons receiving the Offer Memorandum and/or such other documents must not distribute or send them in, into or from Canada or Japan, or use such mailing systems or any such means, instrumentality or facilities for any purpose in connection with the Offer; so doing will invalidate any purported acceptance of the Offer. The Offeror will not accept any tender by any such use, means, instrumentality or facility from within Canada or Japan.

Tender and transfer of Shares constitutes a representation and warranty that the person tendering the Shares (i) has not received or sent copies of the Offer Memorandum or any related documents in, into or from Canada or Japan and (ii) has not otherwise utilised in connection with the Offer, directly or indirectly, the mailing systems or any means or instrumentality including, without limitation, facsimile transmission, telex and telephone of interstate or foreign commerce, or any facility of a national securities exchange of, Canada or Japan. The Offeror reserves the right to refuse to accept any purported acceptance that does not comply with the foregoing restrictions, any such purported acceptance will be null, void and without effect.