(CercleFinance.com) – Gimv announces its intention to sell its stake in Coolworld, a European specialist in the rental of industrial temperature control equipment, to a fund from Arcus Infrastructure Partners.
The Belgian company invested in Coolworld in 2019 through its Sustainable Cities platform alongside the founders and management team, and Coolword has since ‘achieved impressive organic growth through key strategic decisions’.
Over the entire holding period, Gimv reports having achieved a return above its long-term return target for the portfolio. No further financial details will be disclosed.
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