- 11/2/2022

BNP Paribas Fortis Private Equity acquires stake in the Hannecard Group

2 min

Founded in 1896, Hannecard in Ronse is one of the leading suppliers in Europe of industrial roller and roller coverings in rubber, polyurethane, composite and carbide in a wide variety of industries. Among other things, it developed a revolutionary coating system for beverage cans.

The company was looking for a reliable partner to start a new growth phase. Thanks to this participation, Hannecard will be able to fully focus on sustainable and responsible growth in the future, both locally and internationally. Flexibility and quality are top priorities, but sustainability also plays an essential role. Three values that convinced BNP Paribas Fortis Private Equity to invest in this ambitious Belgian company.

BNP Paribas Fortis firmly believes in this way of investing to support the Belgian economy. The venture capital budget was therefore doubled from 500 million to one billion euros.

The potential to become a global player

“We have been Hannecard’s preferred banker for many years and have an excellent relationship”, says Raf Moons, Head of BNP Paribas Fortis Private Equity. "But it was the company's strongly substantiated growth plan that was the deciding factor in taking a stake. Hannecard is a solid Flemish SME with the potential to become a global player. Thanks to innovative ideas, technological improvements and new product developments, the company is gradually conquering a niche market on a global scale. A project we're proud to be a part of."

The story of our collaboration in a video

Hear from Dirk Vidts, CEO of Hannecard, and Steven Van Droogenbroeck, Investment Manager at BNP Paribas Fortis Private Equity, as they share their story.

Read the full press release here

Read the article published in De Tijd on 10 February 2021
(en néerlandais uniquement)

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