Groep Heylen acquired Royal Dutch Mint from Ministerie van Financiën
BCCF advised the Dutch Ministry of Finance in the successful sale of Royal Dutch Mint to Groep Heylen from Belgium.
Royal Dutch Mint (RDM) is located in a monumental building in Utrecht and has been in business since 1567. RDM manufactures circulating coins for the Dutch- and international market, commemorative coins, medals and the Dutch royal decorations. RDM, which employs approximately 90 people, will continue its operations in Utrecht after the acquisition. The public tasks of RDM will be transferred to the Dutch central bank (De Nederlandsche Bank; DNB).
Didier Clerx, CEO of Groep Heylen, refers to the acquisition as “a logical step that contributes to the high ambition level of the company. Groep Heylen is already active in the coin business through its subsidiaries Mauquoy Token Company, National Tokens and Royal Blanking International. “By acquiring Royal Dutch Mint we now have a complementary product portfolio. This enables us to realise our ambition: to become world’s most competent mint for small and medium-sized countries”. Groep Heylen is a Belgian industrial holding company that invests in enterprises and buildings and is active in Belgium, Luxembourg, the Netherlands and Germany.
Groep Heylen hopes to achieve a 400 million euro turnover during 2016 and employs more than 350 people.
Earlier this year, the Dutch government formally announced its ambition to dispose Royal Dutch Mint. Boer & Croon Corporate Finance has advised the Dutch ministry of Finance throughout the entire sales process. The process started in February whereby a large group of (inter)national parties expressed their initial interest in RDM. During the process, there have been talks with several strategic and financial parties. Ultimately, ten indicative offers were received and assessed on predefined criteria and compared with alternative scenarios. The ministry of Finance subsequently selected Groep Heylen as most suitable buyer. “This will give Royal Dutch Mint a private shareholder that provides commercial experience and has the ambition to make RDM a strong player in the global circulation coin market,” according to Neil Lomax, partner at BCCF.