Gimv, the Belgian investment group known as the Investment Company for Flanders, is continuing its increased interest in "old economy" companies with the backing of a €6m ($5.1m) management buy-out at a Belgian maintenance group.
Gimv has acquired a 70% stake in 3 S in the deal, while Geert Mertens, the industrial maintenance and cleaning group's general manager, as well as two other managers, hold the remaining stake.
