References

The following are examples of interventions by Deminor in non-listed companies, mostly family businesses or in listed companies.

What our customers say

Bernard Helson

CEO Maison Dandoy

Deminor has played an important role in the decisions of the family concerning the changes to the organization chart, the structures and governance of the group, enabling the seventh generation within the family to take the lead in the future strategy of our business.

Sophie Le Clercq

Chairman of the Board of Directors

With the assistance of Deminor we adapted our governance and structures in line with the increasing size of our business and our ambitions. Deminor’s intervention in this process has reassured the family and helped us to keep the company in family hands.

Jacques Beherman

CEO Beherman Europe

Deminor assisted the company and the Beherman family in the set-up of a new governance structure. The shareholders agreement prepared by Deminor is since then in place and improved the way our family business works and avoids the usual problems that might occur when there is a transmission to a new generation.

Olivier Beghin

CEO Isohemp

Deminor proved to be an important counsellor in realising a partnership with a new investor: assisting in the negotiations, drafting the investment agreements and other legal documents, …
I appreciated particularly their availability, flexibility and professionalism to complete this new phase of our business in a fast and efficient way.

Ilse Bens, Peter Bens, Teun Van Hulsen

Board Members

Deminor works swift and thorough both in legal and financial matters, and helped us to resolve outstanding shareholders issues. The Deminor team as a sounding board enabled us to make the right decisions within the family group. We can always rely on them to professionally and objectively prepare and attend the family meetings.

Paul Borghgraef

Chairman of the Board of Directors

Shareholder value and the protection of shareholders are at the centre of Retail Estates’ attention. When we call upon Deminor, we not only benefit from a very professional advice but we also value Deminor as a particularly critical and independent sounding board.

Koen Dejonckheere

CEO GIMV

GIMV is a listed investor granting ambitious growth capital to companies located in Belgium and neighbouring countries. We value Deminor as an important business partner and stakeholder. When equity needs, management, entrepreneurs, international growth and/or innovation need to be aligned, a better and more professional governance becomes crucial in our path as institutional shareholder. For GIMV, Deminor is a respected best practice opinion-leader and can help us as a direct or indirect sounding board.

Yves Trouveroy

Partner E-Capital

E-Capital is an active and engaged investor. When we are confronted with governance or shareholders’ position issues in companies wherein we invested, Deminor can help us with an independent and critical expert opinion, based on more than 20 years of experience.

Marcel Eeckhout

Businessman, investor and founder of MCS Solutions

As a businessman, I often search assistance from external advisors. I take due care when I select an external advisor, and so I did when I decided to work with Deminor regarding my shareholder position. I needed a partner who had not only the required knowledge and experience, but who also had the right attitude and offered a problem solving approach. Deminor was indeed the right partner, it was a constructive and pleasant collaboration.

Louis Machiels

Managing Director

Machiels Group is a 100% family business with investments in environment, renewable energy and real estate, as well as participation in numerous joint ventures.
We experienced Deminor's expertise in defending the interests of minority shareholders. Deminor also provided us professional support in the set up and implementation of Corporate Governance. We have found out that corporate governance and in-depth monitoring of business strategy are part of Deminor's DNA.
We enjoyed our collaboration with Deminor as a 'Partnership'.

Bart De Smet

CEO

At Deminor, we have always found a team defending the interests of their clients hard, and negotiating a solution in the interests of the company and all its stakeholders. The agreement we have reached is the most important agreement ever signed between shareholders and a company in Europe.

Pierre-Yves de Laminne de Bex

President

The Compagnie du Bois Sauvage has mandated Deminor to carry out a Board Assessment.
Deminor carried out its mission in detail and based on individual interviews, which contributed to a better definition of our objectives and governance.

The Deminor cases

Cases 2018

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Assistance during board and shareholders meetings

Company active in the automobile distribution

Assistance to a minority shareholder at the annual shareholders' meeting

Company active in the logistics sector

Drafting corporate governance structure and shareholder agreement

Construction company

Board assessment

Listed company

Assessment of a minority stake

Company specialised in digital marketing

Advice to and assessment of a shareholder’s position

Company specialised in medical research and development

Company valuation

Company specialised in confectionary

Drafting agreements for the accession of a new associate

Accounting firm

Cases 2017

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Advice to and assistance of a minority shareholder

Company active in the audiovisual industry

Negotiation of the sale of a minority participation

Company active in the pharmaceutical distribution

Financial analysis and assessment of shareholder’s position

Company specialised in import/export of frozen food

Company valuation

Company active in car bodywork

Negotiation of the potential sale of the company

Company active in the concrete industry

Defense of minority interests in the context of a proposal to amend the statutes

Company active in the exploitation of raw materials

Defense of minority interests in a squeeze-out procedure

Company active in pharmaceutical distribution

Negotiation and guidance in the sale of a minority stake

Startup developing a web platform

Negociation and assistance by implementing a partnership

Company active in the construction sector

Sale of a minority stake

Company active in the healthsector

Negociating and drafting of a shareholder's agreement

Accounting firm

Voting recommandations for the general assembly

French listed insurance company

Negociating and drafting of a shareholder's agreement

Company active in technical and tailormade lightning solutions, foreign and domestic

Independent expert at a trial

Exit of a minority shareholder

Real-estate development group

Drafting of a shareholders’ agreement

Family-owned business active in real estate

Valuation and sale of a minority stake

Real-estate development group

Cases 2016

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Company valuation

Company active in software development and IT consulting

Sale of a minority stake

Company active in the conception of outdoor public lighting

Negotiation and assistance in terminating a partnership

Asset manager of real estate in BeLux

Representation of a minority shareholder in the corporate bodies

Producer and distributor of construction materials

Analysis of a draft shareholders' agreement

Company in touristic sector exploiting a nature reserve

Restructuring and drafting of a shareholder's agreement

Family group active in artisanal production

Acquisition of a minority interest

Enterprise active in e-commerce

Sale of a majority stake

Startup developing a web platform

Negotiation and assistance in terminating a partnership

Asset manager of real estate in BeLux

Drafting of a family charter

Group of Belgian and Luxemburg companies

Independent company valuation

Firm active in the construction and engineering sector

Voting recommandations for the general assembly

French listed insurance company

Sale of 95,85 % stake

Family owned company active in leather tannery

Sale of a 17% minority stake

Insurance Broker

Cases 2015

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Exit minority shareholders

Family-holding

Sale of a 20% minority stake

Software and advisory firm in the field of facility management

Company valuation

Firm active in the brokerage and private banking sector

Company valuation and capital increase

Firm active in the software integration sector

Drafting of a Business Plan

Insurance company

Exit from co-ownership

Family assetsFamily assets

Preparing a family charter

Family holding of an industrial group

Valuation in the context of a capital restructuring

Producer of construction supplies

Independent company valuation

Company active in the office design and facility management sector.

Fairness opinion

Real estate promoter

Exit of a minority shareholders and family arrangement

Real-estate development group

Search and evaluation of external directors on behalf of family shareholders

Insurance broker

Preparing the sale of the family owned company

Wholesale and producer interior decoration items

Cases 2014

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Valuation and sale of a minority stake

Family-owned real estate company

Conflict resolution and corporate restructuring

Family enterprise in the glass industry

Negotiation and drafting of a shareholders’ agreement and group restructuring

Family business active in the production and storage of gas

Valuation and sale of a 50% stake

Food consultancy company

Mediation in a conflict and shareholders agreement

Family business distributing construction machinery

Shareholders syndicate

Listed financial institution

Exit of a minority shareholder

Credit insurance company

Negotiation and drafting of a shareholders’ agreement

Family business active in the real estate construction and development

Voting instructions

French Listed-Insurance-company

Negotiation and drafting of a shareholders’ agreement

Family business active in the automobile sector.

Assistance to a Belgian minority shareholder

Italian company active in production of industrial transmissions and related components

Update of a shareholders’ agreement in the context of capital increase

Belgian company active in Natural Insulation Materials

Sale of 50% stake

Family owned company active in electronic components

Sale of a minority stake of 12%

Privately-owned biotechnology company

Valuation of the shares in the context of restructuring and tax ruling

Financial software developer

Cases 2013

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Restructuring of the shareholding and set up of a joint venture

Family owned company active in leather tannery

Sale of 16,6% stake

Company trading on Bucharest Stock Exchange

Advising a minority shareholder in the sale of the shares of 100% of the shares

Family owned real estate company

Succession planning and modification of the by-laws

Family holding of a clothing retail group

Valuation and sale of a minority stake in the company

Family business active in services

Assisting a minority shareholder at Board of Directors and Shareholders Meetings

Import and Export in fruits and vegetables

Drafting of a loan agreement

Company active in the leasing of construction machinery

Restructuring plan, reorganization of the management, 100% Sale of the company through a LBO

CAPPELLE PIGMENTS

Evaluation of the Board of Directors

RETAIL ESTATES

Valuation and sale of a 49% stake

Company active in the field of multimedia

Negotiation of a shareholders agreement and conflict resolution

Family company active in printing and office supplies

Cases 2012

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Advising the directors and shareholders holding 50% stake

Family owned transport company

Transaction between shareholders

Group active in the food production

Advice and representation in the corporate bodies

Family company active in real estate

Drafting of a family charter

Family owned company active in transport, excavation and ground works

Sale of 40% stake in the company

Product distributor of personal protective equipment (PPE)

Cases 2011

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Transaction between shareholders

Group active in the food production

Protection of the rights of two inheritors of the group

Distribution company

Fairness Opinion in the context of a restructuring of the listed holding company

Company active in marketing and communication solutions

Negociation and sale of a minority participation

SPADEL

Short squeeze

Food group listed in Frankfurt

Exit of a 40% minority shareholder

Second generation family business active in DIY sector

Drafting of shareholders agreements and framework for the family governance

Family business active in electronic components

Defense of the independence of the company regarding the takeover bid of LVMH

HERMES

Cases 2010

Given the confidential character of most cases, the identity of our clients or the companies’ names cannot be disclosed.
Several clients however, are willing to testify on an individual basis about their cooperation with Deminor. Please contact us by email if would you like to get in touch with one of these clients.

Valuation and exit of minority shareholder

Belgian company active in the production of sugar

Valuation of the company

Advertising company

Exit of a 32% minority shareholder

Family holding companies that hold a majority stake in a company quoted at Euronext

Opening of share capital for management through a shareholders’ agreement

Selection and recruitment agency

Negotiation of a shareholdersagreement and setting up of a micro liquidity

Belgian Holding

Restructuring of the debts and conversion into capital

THEOLIA

Assistance to restore the group governance structure

DEPFA