BNP Paribas Fortis Private Equity has acquired a stake in Outspot

| BCQ

BNP Paribas Fortis Private Equity has acquired a stake in Outspot

Outspot, one of the top 3 Belgian players in flash deals, teams up with BNP Paribas Fortis Private Equity

Outspot (www.outspot.be), that started in Belgium in 2008, is a European pioneer in flash deal websites. The company realised important growth since its inception, also based on smaller-scale local acquisitions. Outspot offers flash deals in 7 European countries and has more than 15 million members. Growth is fuelled by the fast growing e-commerce market in Europe, with a significant expansion potential in its existing key markets but also other geographies.

Outspot has ambitious plans to expand its offering and to further grow its business through geographical expansion. VD&P Corporate Finance (www.vdp.be) served as financial and legal advisor to Outspot in its international search for growth capital. Thomas Van Overbeke and Stefan Van Overbeke, founders Outspot: “In BNP Paribas Fortis Private Equity we found a dynamic and independent partner who understands our business and is fully supportive to further expand our business.”

Jan-Benjamin Beckers, Investment Manager at BNP Paribas Fortis Private Equity, added: “Our investment in Outspot is a perfect illustration of our investment strategy of supporting medium-sized companies that have leading market positions and major growth potential. As an active partner, BNP Paribas Fortis Private Equity is determined to assist management to realise its expansion plans.”

Altius (www.altius.com) acted as legal advisor to BNP Paribas Fortis Private Equity.

BNP Paribas Fortis Private Equity is the private equity branch of BNP Paribas Fortis. It takes minority equity positions in and provides mezzanine financing to growing medium-sized companies. Other equity investments include Studio100, Novy, Penne, Het Anker, Quality Assistance and Point Chaud. BNP Paribas Fortis Private Equity also manages a portfolio of fund investments such as Fortino Capital II Growth, Vendis Capital II and Qbic.

 

For further information, please contact:

 Mr. Thomas Van Overbeke and Mr. Stefan Van Overbeke, Founders Outspot: thomas.vanoverbeke@outspot.be, stefan.vanoverbeke@outspot.be

Mr. Jan-Benjamin Beckers, Investment Manager BNP Paribas Fortis Private Equity: jan-benjamin.beckers@bnpparibasfortis.com