Parcom Capital has reached an agreement to acquire majority stake in CFL Holding BV from GIMV NV (ENXTBR:GIMB) on December 2, 2020. Bas Korte remains on board as group Chief Executive Officer. Parcom will support management with their continued value creation by focusing on the large opportunity in the energy transition of the residential building market. The transaction is subject to customary closing condition, including approval by regulatory authorities and competition authorities. Acquisition is expected to close early 2021. Transaction which represents the exit of the largest shareholding on Gimv's balance sheet, has a positive impact of about €20 million on Gimv's net asset value as per September 30, 2020. Jeroen van Engelen and Danny Bosker of KPMG Corporate Finance LLP acted as financial advisor to CFL Holding BV. Bart de Rijke, Eva Schram, Mark Rebergen and Henk van Ravenhorst of De Brauw Blackstone Westbroek N.V. acted as legal advisors, Nielen Schuman B.V. acted as financial advisor and KPMG N.V. acted as accountant to Parcom Capital. Loyens & Loeff, DLA Piper and Van Doorne acted as legal advisors in the transaction.