News – Emerging and Growth Companies Practice
10 March 2015
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.
David Dessers, Pieter Capiau, Yannick Verrycke and Magali Feys constituted the deal team for this transaction.