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Aug 2021
Sole Financial Adviser
€ 80 million
Public takeover of DPA Professionals

Gilde Equity Management

Sole Financial Adviser

Kempen & Co acted as sole financial adviser to Gilde Equity Management in the € 80 million public offer for DPA

Transaction highlights

  • Gilde Equity Management Benelux (“Gilde”), through its direct wholly owned subsidiary New Horizons Holding (“New Horizons”), has successfully concluded its public takeover offer for all of the issued and outstanding shares in DPA Group (“DPA”)
  • DPA believes the sustainable and long-term success of DPA can be enhanced under Gilde’s ownership. With Gilde, DPA will have a financially sound owner
  • Gilde fully supports DPA’s growth strategy: being customer focused with high value-add specialist services, being a top employer offering interesting assignments and broadening its portfolio of services through value contributing add-on acquisitions
  • The offer provided an attractive premium delivering immediate, certain and significant value to shareholders. The offer price of € 1.70 per share cum dividend, to be paid fully in cash, values DPA’s equity at approximately € 79.8 million, a premium of 23.2% compared to volume-weighted average share price in the 6 months prior to 1 March 2021 (being the undisturbed share price)
  • Shareholders representing over 66% of the share capital provided irrevocable undertakings to tender their shares under the offer
  • Kempen & Co is pleased to have acted as sole financial adviser to Gilde in the public offer for DPA

About Gilde Equity Management

  • Gilde is founded in 1996 and is focused on private equity investments in mid-cap Benelux companies with an international ambition
  • Gilde’s strategy focuses mostly on supporting entrepreneurs in its international growth plans and realising efficiency
  • Currently it has a diverse portfolio of companies, amongst others; Eiffel, Fruity Line, HC Groep, Wasco, Homefashion Group and Dunlop Protective Footwear

Kempen & Co credentials

  • The transaction underpins our unique position in Benelux corporate finance advisory and builds on our experience as public offer expert following the € 1.8 billion public offer by Reggeborgh for VolkerWessels
  • Kempen & Co is a trusted adviser with Benelux investors and corporates

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