Onder 4.6 Parket bij de Hoge Raad 5 april 2024

An important factor of the new third party financing is the availability of a capex /acquisition facility of EUR 40 million which the Catalpa Group can use for further acquisitions in the context of its buy-and-build strategy. Under the shareholders' agreement in relation to the Company, entered into between Management and Providence, the latter does not have a contractual obligation to provide additional equity in order to enable the Catalpa Group to realize its strategy. This is unfortunate but we understand that such an upfront commitment would be unusual to obtain from a private equity investor. However, the aforementioned capex/acquisition facility is available for additional acquisitions and we strongly believe that the level of this facility is sufficient to realize our strategy. All acquisitions in the recent years concerned smaller childcare service companies with acquisition prices between EUR 1 million and EUR 5 million (although there have been some larger ones such as B4Kids (EUR 27 million)). We will continue to focus our strategy on such smaller acquisitions.

$ curl -s https://bron.page/api/v1/blobs/90eb075e24d98b9d842bf5108b6c4e4ec15ff14c1cdbc42e3984b09fe9eece3a | shasum -a 256