Brussels, Belgium, January 4, 2018
Merodis, an independent corporate finance advisory firm, is pleased to announce that it successfully advised FNG N.V. in securing PMV’s (Participatie Maatschappij Vlaanderen) investment of €15m in the company’s €30m private placement. The latter consists of the issuance of 937.500 non-quoted Class A shares with warrant at a price of €32.
This successful private placing strengthens the company’s balance sheet and generates additional means to further accelerate the roll-out of the new Brantano concept. FNG (http://www.fng.eu), based in Belgium and the Netherlands, is a strong-growing, Euronext Amsterdam-listed fashion group.
FNG operates 11 fashion brands with over 500 stores in the Benelux, more than 1,500 multi-brand stores and online platforms. FNG is an active market consolidator, successfully pursuing a buy-and-build strategy with sales of circa EUR 500m and a headcount of over 3,000.
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