The purchase of Punch International’s controlling interest in Xeikon by Benelux private equity firm Bencis Capital Partners (with investment fund Gimv-XL as a minority shareholder) was completed on 20 September 2013. Former chief executive office Wim Maes has returned to the company, replacing Frank Deschuytere as CEO, after a period as an advisor within the Xeikon organisation.
Mr Maes said: ‘I’m pleased to once again lead Xeikon and increase the level of innovation we started a few years ago. With the acquisition in place, Xeikon is in perfect shape to grow and offer solutions that meet our customers’ needs – today and in the future.’
Digital Printer reported in July that a price per share of EUR 5.85 had been agreed for the transaction (a total consideration of €110.3 million). A statement from the new shareholders said that Xeikon’s leadership role in digital printing, its advanced technology and strong emphasis on R&D and customer service made it an ideal investment. ‘We believe there is a bright future for this innovative company,’ it added.
