Deal Announcement

DC Advisory advised Bencis and Gimv on the sale of Xeikon to Flint Group

29 Dec 2015

Xeikon N.V. (“Xeikon”) is a leading provider of digital printing solutions to the labels and packaging and document printing markets

DC Advisory (“DC”) was engaged by Bencis and Gimv to advise on the sale of Xeikon following in-bound expressions of interest from strategic purchasers in North America, Europe and Asia

The shareholders received multiple pre-emptive offers for Xeikon, the most attractive of which was proposed by Flint Group (“Flint”)

On 18 November 2015, Bencis and Gimv entered into a definitive agreement to sell their 95% stake in Xeikon to Flint (the “Transaction”). The terms of the Transaction were not disclosed

Xeikon’s pioneering products and services will be the foundation of the newly created Flint Group Digital Printing Solutions division, led by Xeikon’s incumbent CEO, Wim Maes

The Transaction, which has no impact on the current squeeze out procedure and is subject to customary closing conditions including approval by competition authorities, is expected to complete by the end of 2015

Deal Team

Michael Moriaz

Managing Director
United Kingdom

Tosh Kojima

Managing Director
United Kingdom

Gary Hancock

United Kingdom

Benoît Graulich, Managing Partner at Bencis, commented:
“DC Advisory played a key role in maintaining competitive tension throughout the process, which ultimately led to a swift and successful conclusion. Their insights into international strategic buyers in the printing industry helped to secure this strong result.”

Michael Mariaz, Managing Director at DC Advisory, commented:
“We are delighted to have advised Bencis and Gimv on the sale of Xeikon. This transaction reinforces the unique proposition that we can offer to our clients through our specialist Industrial sector knowledge and access to trade buyers across Europe, the USA and Asia.”