Holding around Gert Van Erum buys out Fortis Private Equity stake in Vanerum Group
A new holding controlled by Gert van Erum has taken over Fortis Private Equity's stake in Vanerum Group. Fortis Private Equity had acquired an 18% stake in Vanerum Group (“Vanerum”) in September 2002 at the time of the buy-out by Gert Van Erum, combined with growth capital for the further expansion of Vanerum.
During the period of Fortis’s involvement, Vanerum’s revenues grew from some EUR 20 million to more than EUR 40 million and profitability (EBITDA) increased from EUR 1.4 million to EUR 5 million.
