Groupe Gorge SA (ENXTPA:GOE) and Managing Director of Van Dam, Leo van der Hoest acquired Van Dam B.V. from Hollandia b.v. for €4.1 million on December 31, 2012. Groupe Gorge will finance the transaction using the funds raised in end of 2012 within the framework of a debenture loan and Schuldschein. Van Dam generated total revenues of €8 million in 2012, for historical operating profits of 7%. Michel Degryck and Jean-Melchior de Roquefeuil of Capital Partner SA, BlueMind B.V. Corporate Finance and Surita Reynolds of Accuracy SAS acted as financial advisors to Groupe Gorgé. Rob Heindricks and Lauran Vissers of Banning N.V. acted as legal advisors to Groupe Gorgé. Joep Koopmans of Krüger & Partners acted as financial advisor and Jan ter Horst, Rogier de Haan, and Laila Akkouh of Eversheds Faasen acted as legal advisors to Hollandia. EquityGate Advisors GmbH acted as a financial advisor in this transaction.

Groupe Gorge SA (ENXTPA:GOE) and Managing Director of Van Dam, Leo van der Hoest completed the acquisition of Van Dam B.V. Hollandia b.v. in a leveraged buyout transaction on December 31, 2012.