Merodis assists FNG with its EUR 30m capital raise

Merodis, an independent corporate finance advisory firm, is pleased to announce that it successfully advised FNG N.V. in securing PMV’s (Participatie Maatschappij Vlaanderen) investment of €15m in the company’s €30m private placement. The latter consists of the issuance of 937.500 non-quoted Class A shares with warrant at a price of €32.

This successful private placing strengthens the company’s balance sheet and generates additional means to further accelerate the roll-out of the new Brantano concept. FNG (http://www.fng.eu), based in Belgium and the Netherlands, is a strong-growing, Euronext Amsterdam-listed fashion group.

FNG operates 11 fashion brands with over 500 stores in the Benelux, more than 1,500 multi-brand stores and online platforms. FNG is an active market consolidator, successfully pursuing a buy-and-build strategy with sales of circa EUR 500m and a headcount of over 3,000.