Snow-Planet has been sold to SnowWorld
Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to Nedvim Beleggingen B.V. (‘Nedvim’), the shareholder of Snow-Planet Real Estate (or ‘Snow-Planet’) in the sale to SnowWorld N.V. (‘SnowWorld’).
Snow-Planet is a high-quality and uniquely located indoor ski hall close to Amsterdam. Besides its two ski slopes, the Company also possesses multiple restaurants, party halls, conference rooms, terraces, a pub and a specialized winter sports store. With the acquisition of Snow-Planet, SnowWorld aims to enhance the complete winter sports experience for families and children.
SnowWorld (ISIN: NL0010627865, ticker symbol: SNOW) is a listed operator of indoor ski resorts and related hospitality facilities. With its indoor ski resorts in the Netherlands (Zoetermeer and Landgraaf) it is one of the leading organisations in the global industry. Since its foundation in 1996 by Mr J.H.M. Hendriks, SnowWorld grew rapidly. In line with the intended European expansion, SnowWorld initiated an IPO in 2013. As of 2017, a majority of the shares are owned by the Belgian family investment company of Marc Coucke, Alychlo NV. Simultaneously to the acquisition of Snow-Planet, SnowWorld also announced the acquisition of a 25%-stake in Alpenpark Neuss in Germany.
Mr Paul Delgijer of Nedvim commented on CFI’s role in the transaction: “CFI was instrumental in securing this outcome for us- they understood our objectives and worked to make sure they were achieved. Their sale process management and ability to give us support and comfort during this process was impressive. We couldn’t be happier with this outcome”.
CFI Netherlands initiated negotiations in a short process that ultimately resulted in a successful transaction with SnowWorld. The transaction was signed on 19 December 2018.
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