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Quorum Assist Projective with the cross-border acquisition of Mastermind Consulting

Quorum is proud to have advised and assisted Projective with the cross-border acquisition of Mastermind Consulting. Projective hereby closes its second deal in two months. ::projective is a business, technology and change firm exclusively focused on the financial industry. Its expertise covers the entire value chain from strategy, innovation, operational change and complex business and technology transformations. Mastermind Consulting is active in the Netherlands and has a broad experience in organizational acceleration, strategy, consulting and digital transformation in the pensions and insurance industry. https://www.tijd.be/ondernemen/financiele-diensten-verzekeringen/Belgische-bankencoach-Projective-vergroot-voetafdruk-in-Nederland/10335994
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Quorum assists Van Moer Logistics with the capital increase of 12.5 million EUR

Van Moer Logistics is one of the Belgian market leaders in the field of transport over land and water. With the capital injection of 12,5 million Euro by Ackersmans & van Haaren, it continues to work on its growth. Van Moer Logistics realized a turnover of 186 million Euros in 2020 and an EBITDA of 13.4 million Euros. Quorum was delighted to assist Van Moer Logistics and its shareholders through this capital increase. More info: https://www.vanmoer.com/blog/ackermans-van-haaren-invests-in-van-moer-logistics
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Quorum advises Induver within the framework of the transaction with Adviceplus

10/05/2021

Induver is one of the leading risk advisors and independent insurance brokers in Belgium, with a focus on medium-sized companies. Induver was founed in 1990 and now employs about 120 people. The group has offices in Antwerp, Brussels, Ghent and Hasselt. The banking and insurance activities of Adviceplus were (partially) demerged into Induver Brussels (a new company), after which Induver Antwerp acquired a majority of the shares of Induver Brussels. With this transaction, Induver adds a new company to its portfolio. Quorum was therefore pleased to assist Induver in the framework of this transaction. Find more about this transaction on: https://www.adviceplus.be/.
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Quorum assisted Visma with the acquisition of Syneton

28/04/2021

Visma delivers software that simplifies and digitises core business processes in the private and public sector. With presence across the entire Nordic region along with Benelux, Central and Eastern Europe, and Latin America, Visma is one of Europe’s leading software companies. Syneton supports accountants and auditors with flexible office management software. It was a pleasure to assist Visma in this transaction. For more information, click here.
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Quorum assisted Manuport Logistics with the acquisition of Continental Worldwide Logistics

14/04/2021

Manuport Logistics is an Antwerp based forwarding company. Through the acquisition of Continental Worldwide Logistics, Manuport Logistics is expanding its Southern European coverage and freight forwarding services. This acquisition is part of Manuport Logistics’ global development strategy, consisting of the expansion of its worldwide office network. This in order to improve its services towards international customers. Quorum was pleased to assist Manuport Logistics with this acquisition which has strengthened Manuport Logistics’ position as leading forwarding company. For more information, click here.
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Quorum assisted Unifiedpost Group with the acquisition of Crossinx

13/04/2021

Unifiedpost Group is a Belgian public fintech company providing a secure, cloud-based platform which allows automated business functions. Through the acquisition of Crossinx, Unifiedpost Group taps into the German market and by extension the DACH region and Hungary. The solutions of Crossinx are highly complementary with the technology of Unifiedpost Group. Through this acquisition, Unifiedpost Group can now offer full order-to-cash and procure-to-pay solutions to small businesses, medium-sized corporates and large enterprises. This acquisition allows Unifiedpost Group to gain access to an additional 350k SME’s. Quorum was pleased to assist Unifiedpost Group with this acquisition which has strengthened Unifiedpost Group’s position as a leading European fintech company. For more information, click here.
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Quorum advised the shareholders of Paletco NV with the sale to Foresco Packaging NV

23/03/2021

Quorum advised the shareholders of Paletco NV in their sale to Foresco Packaging NV (a member of the Foresco Group). Paletco NV is a leading manufacturer of customised pallets, crates and boxes. The Foresco Group is the Benelux market leader in the production of customised pallets, wooden crates, crates and industrial carton packaging. The group also provides packaging services. Thanks to the acquisition of Paletco NV, the Foresco Group's turnover will grow to EUR 150M and the group will reinforce its position as the leading provider of pallets and customised packaging in wood and cardboard in the Benelux. In addition, optimisations will be examined in the areas of purchasing, production and business processes. In view of the supply problems in the current wood market situation, the acquisition means renewed security of supply for the customers of Paletco NV and the Foresco Group. It was a pleasure to assist the shareholders of Paletco NV in this transaction. Read more about this in the full press release.
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Quorum assisted Unifiedpost Group with the acquisitions of Sisitema Efactura and Digithera

19/03/2021

Unifiedpost Group is a Belgian public fintech company providing a secure, cloud-based platform which allows automated business functions. Through the acquisitions of Sisitema Efactura and Digithera, Unifiedpost Group expands its customer base in Spain and Italy and enables cross- and upselling opportunities. The Spanish company Sistema Efactura offers a full digital invoicing ecosystem for businesses and public administrations to lower costs, increase efficiency and security with seamless access to payments and financing. The Italian company Digithera provides an electronic invoicing platform to businesses that aim to fulfil their Italian (electronic) invoicing obligations. These acquisitions allow Unifiedpost Group to enter the Spanish and Italian market and to gain access to an additional 85k SME’s. Quorum was pleased to assist Unifiedpost Group with these acquisitions which have strengthened Unifiedpost Group’s position as a leading European fintech company. For more information, click here.
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Quorum advises Van Moer Logistics with the acquisition of Trimodal Terminal Brussels NV

08/03/2021

Trimodal Terminal Brussels NV has a concession on the containers’ terminal of the Port of Brussels with a surface of 17,100 m², a quay of 235 meters and a rail connection. Trimodal Terminal Brussels NV offers a “door-to-door” container transport service by waterways and rail, as well as all container related services. Van Moer Logistics is one of the Belgian market leaders in the field of transport over land and water. With the acquisition of 100% of the shares of Trimodal Terminal Brussels NV, Van Moer Logistics adds a new company to its portfolio, whereby Van Moer Logistics further concentrates on inland shipping and the operation of various terminals and quays. Quorum was therefore pleased to assist Van Moer Group in the framework of this acquisition. Read more about this in the full press release.
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Newsletter • Basic banking services now also available for enterprises

25/02/2021

On 1 May 2021, the Belgian Law of 8 November 2020 shall enter into force. This Belgian Law introducing provisions on corporate banking services in book VII of the Belgian Economic Code (BEC), entitles enterprises registered in the Crossroads Bank for Enterprises (CBE) or applying for such registration, who have been refused by at least three financial institutions, to a basic banking service. Entrepreneurs from a various range of sectors (such as the diamond sector, the football sector, the blockchain sector, the hospitality sector, etc.), as well as previously bankrupt entrepreneurs wanting to restart a business, often experience difficulties to find a financial institution that is willing to provide them with a minimum banking service. This is problematic since, in Belgium, it is impossible to start a business without having a bank account. In the post-corona crisis period, it is not inconceivable that many enterprises may experience payment difficulties and possibly go bankrupt. The Belgian Law of 8 November 2020, provides entrepreneurs the possibility to restart faster. Pursuant to this law, an enterprise established in Belgium, registered in the CBE, who’s application for a minimum of banking services has been refused by three financial institutions, is entitled to a basic banking service. Financial institutions’ refusals must be motivated in writing on an individual basis and communicated to the enterprise within ten business days following the submitted application. Collective assessments by financial institutions, such as merely belonging to a certain sector or professional category, are therefore outdated. Enterprises can only be refused on the basis of anti-money laundering legislation, or if they already hold a payment account in Belgium or another EU Member State. The basic banking services for enterprises includes the execution of (i) payment transactions (including the transfer of funds to a payment account with the user's payment service provider or with another payment service provider), (ii) direct debits, (iii) payment transactions through a payment instrument, and (iv) wire transfers. The right of lending is, however, excluded. The enterprise denied payment services, may request a basic banking service at the chamber for basic banking services (basisbankdienst-kamer) (a part of the Federal Public Service of Economy), which shall request advice from the Financial Information Processing Unit (Cel voor Financiële Informatieverwerking) (FIPU). The chamber for basic banking services will appoint a financial institution established in Belgium to provide the basic banking services after, either a positive advice of the FIPU, or a lack of reaction from the FIPU within sixty business days. The FIPU can only refuse in specific cases, mainly in case of a link with money laundering or terrorist financing. The appointed financial institution may only refuse the basis banking service, if a director of the enterprise has been convicted for fraud, fraudulent misrepresentation, forgery or abuse of trust. Do you have any questions about this matter? Quorum is pleased to assist you. You can always get in touch with your regular contact at Quorum or by sending an email to info@quorumlaw.eu.
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Quorum advises shareholders of iGuana NV and iGuana B.V. in sale to Youston NV

05/02/2021

iGuana has developed its own Document Management Software and offers scanning services to digitize large archives. It also manufactures and distributes advanced V-shaped book scanners under the Qidenus brand. The company is headquartered in Zaventem, Belgium and has offices in The Netherlands, Cyprus, Prague and Vienna. Its clients include both private and public companies such as large hospital groups, libraries and museums. Youston is specialized in storing large archives and digitizing them if desired. It recently opened a new facility where up to 5 million archive boxes can be stored. Quorum was pleased to assist the shareholders of iGuana NV and iGuana B.V.
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Quorum has advised TRAINM NV with obtaining a 'COVID-19-loan

29/01/2021

Quorum has advised TRAINM NV with obtaining a 'COVID-19 loan' of 800.000 EUR granted by Participatie Maatschappij Vlaanderen NV (hereafter “PMV”). TRAINM NV is a unique data-driven multidisciplinary rehabilitation center for children and adults with a neurological or orthopedic disorder or injury. By granting this loan, PMV wants to ensure the continuity of the rehabilitation center and help with the further growth of TRAINM NV. Click here for the article published in de Tijd:https://www.tijd.be/ondernemen/algemeen/coronalening-van-800-000-euro-voor-revalidatie-met-exoskeletten/10271967.html’
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Quorum assisted Unifiedpost Group with the acquisitions of 21 Grams, BanqUP and Akti

29/01/2021

Unifiedpost Group is a Belgian public fintech company providing a secure, cloud-based platform which allows automated business functions. The Swedish company 21 Grams is a leading provider in the Nordic countries of mission-critical outbound mailing solutions and optimized postage and parcel services. The acquisition of 21 Grams allows Unifiedpost Group to gain a solid foothold throughout Scandinavia and expand its activities from fifteen to twenty European countries. Additionally, Unifiedpost Group acquired the Belgian companies BanqUP and Akti. BanqUP is a renowned specialist in banking services and Akti is a cloud company which provides SMEs with e-commerce solutions, including order management and invoice processing. The acquisitions of BanqUP and Akti enable Unifiedpost Group to bring more open banking and data analytics capabilities to its SME customer base and will help them to develop their e-commerce activities. Quorum was therefore pleased to assist Unifiedpost Group with these acquisitions who have strengthened Unifiedpost Group’s position as a leading European fintech company. For more information, click here: https://www.unifiedpost.com/en/news/articles/unifiedpost-starts-2021-with-three-acquisitions
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Quorum assisted EIFFAGE Group regarding the acquisition of Solufak BV

25/01/2021

Solufak is a reference player in the Belgian market of audiovisual (“AV”) integration services, providing end to end AV solutions using top tier products. The EIFFAGE Group is one of the European leaders in construction, energy systems, infrastructure and concessions. EIFFAGE Group, with headquarters in France, distinguishes itself through the diversity of its skills and technical know-how. With the acquisition of 100% of the shares of Solufak, EIFFAGE Group adds a new company to its portfolio. Quorum was therefore pleased to assist the EIFFAGE Group in the framework of this acquisition. For more information, click here: https://www.solufak.be/en/news-1/as-of-01012021-solufak-is-part-of-the-eiffage-group
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Quorum assists Van Moer Logistics in the framework of the investment with Van Wellen Storage

25/01/2021

Van Wellen Storage has recently acquired an interest in the real estate of Van Moer Logistics. With this transaction, Van Moer and Van Wellen consolidate their cooperation in the Port of Antwerp and continue to build on the future. At the same time, the founder and CEO of Van Moer Logistics has implemented a substantial capital increase in the logistic activities of his company, which will allow significant growth and thus continued development of this business unit. It was a pleasure to assist Van Moer Logistics in both transactions. For more information, click here: https://vanmoer.com/blog/investing-in-the-future-with-van-wellen-storage
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Quorum assisted INOPSYS NV in the framework of a C capital round

22/12/2020

Quorum is proud to have advised and assisted INOPSYS NV in the framework of a €5,2 million series C capital round. Check out the full news item below. Click here for the article published in de Tijd: https://www.tijd.be/ondernemen/milieu-energie/vlaamse-scale-up-haalt-palladium-en-zink-uit-afvalwater/10280408.html
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