Funding
Gimv has sold its stake in the Belgian payment systems company Clear2Pay to the US investment firm Aquiline Capital Partners, as part of a €50 million funding round which Aquiline as new investor.
Clear2Pay develops payment technology for financial institutions, aimed at the safe, timely and smooth processing of internal payment traffic. Gimv became a shareholder in 2006, when it invested €4.7 million in the first financing round totalling €15.7 million. Gimv also followed on in subsequent rounds.
The sale has a positive impact of €2.2 million (€0.10 per share) on Gimv’s last published equity value at 30 September 2009. No further financial details of the transaction were disclosed.
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