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Advised Forum Estates on its private fundraising of equity and convertible subordinated debt

See how IMAP’s M&A advisors supported this transaction.

NEKRETNINE

Private and institutional investors

Service and aftermarket for the sawmill industry

Provided Growth Funding

Forum Estates

Investment group with small- and mid-sized companies

REIT specializing in supermarkets

Transaction advisors

Antoni Slawecki

Director

Stefaan Genoe

Managing Partner

Erik De Clippel

Managing Partner

Advised Forum Estates on its private fundraising of equity and convertible subordinated debt

IMAP is pleased to announce that Degroof Petercam – IMAP Belgium assisted Forum Estates on a €30 million private fundraising with Belgian institutional investors, family offices and private investors. The fundraising comprised a mandatory 50/50 combination of equity and subordinated loans.

Forum Estates is a specialized real estate investment company based in Belgium, focusing predominantly on grocery/supermarket real estate. It owns and operates a granular portfolio valued above €400 million, including principally supermarkets located in Belgium, as well as recent expansions in the Netherlands and Luxembourg.

The proceeds of the fundraising will be deployed by Forum Estates to finance its growth (organic and acquisitive) in the Benelux.

Degroof Petercam – IMAP Belgium acted as sole adviser to Forum Estates. This transaction underlines once more the firm’s expertise and capabilities in fundraising on behalf of real estate companies.