Cresco

News – Venture Capital & Private Equity practice

PMV in Borit investment

Cresco acted as lead counsel to ParticipatieMaatschappij Vlaanderen (PMV) in the preparation, negotiation and closing of its investment in Borit.

The equity fundraising round amounted to €7.5 million and was subscribed by PMV and Finindus.

Borit is a supplier of key components in hydrogen fuel cells and electrolysers. The investment will support the further up-scaling of Borit’s industrial capabilities built around its proprietary Hydrogate technology, with a strong focus on the fuel cell and electrolyser markets.

More information can be found here and here.

David Dessers, Pieter Capiau, Yannick Verrycke and Magali Feys constituted the deal team for this transaction.

 

For any further information or questions, please contact David Dessers or Pieter Capiau.

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