Egeria BV and management signed an agreement to acquire Izico Bocholt Nv from Koninklijke Wessanen N.V. (ENXTAM:WES) for €71.5 million on April 16, 2014. Under the terms, Egeria BV will pay €68 million in cash and Koninklijke Wessanen can receive an additional amount of up to €3.5 million as part of an earn-out related to the 2014 EBITDA. The purchase price is on a cash and debt free basis and is subject to certain adjustments on closing.

Izico Bocholt reported revenue of €103.3 million, EBITDA of €9 million and EBIT of €6.2 million and total asset of €45.5 million in 2013. The transaction is subject to approval by market authorities and various anti-trust authorities, including the Dutch Authority for Consumers & Markets. As on May 19, 2014, the transaction was approved by Dutch consumer and market authority.

Marc Steer, Floris Pot and Elena Makina of ING acted as financial advisors to Koninklijke Wessanen. Charles Honee, Rens Bondrager, Suzette Van Gendt, Joris Goettsch, Gijs Linse, Julie van den Bergh, Thomas Timmermans and Alexander Van Hoof of Allen & Overy LLP acted as legal advisor for Wessanen. Jeroen Thijssen, Bas Boris Visser, Michiel Sunderman, Titus de Vries, Floor van der Steenstraten, Hein van den Hout, Nadia Jagusiak, Niek De Pauw, Sara Eggermont, Sara Schermerhorn, Simone Peek, Steven Verschuur, Annick Garcet, Frans Muller, Gert Cuppens, Isabelle van Kronenburg, Katrien Lindemans, Mark Jan Arends, Mirjam van der Kaay, Pieter De Bock, Stern Flik, Tommy Hurley and Willem-Jan Wieland of Clifford Chance acted as legal advisors to Egeria.