M&A Advisory for Xeikon Sale to Flint Group

This document is a report detailing the M&A advisory services provided by DC Advisory for the sale of Xeikon N.V. to Flint Group. DC Advisory was engaged by Bencis and Gimv to facilitate the sale following interest from strategic purchasers across North America, Europe, and Asia. The report outlines the process leading to the transaction, which involved multiple pre-emptive offers, with Flint Group presenting the most attractive bid. A definitive agreement was reached on November 18, 2015, for the sale of a 95% stake in Xeikon. The terms of the transaction were not disclosed, but it is noted that the sale will contribute to the establishment of the Flint Group Digital Printing Solutions division, under the leadership of Xeikon's CEO, Wim Maes. The report also highlights the role of DC Advisory in maintaining competitive tension during the sale process, which contributed to a successful conclusion. The transaction is subject to customary closing conditions, including approval by competition authorities.