The Benelux private equity investor Green Park has acquired a majority stake in the capital of Business & Marketing Improvement (B&MI) Group in order to support the group's ambitious growth plans. The balance will be held by the company's management team under the leadership of CEO Philippe Van Elst. SMS-Timing is the brand of the B&MI Group, with headquarters based in Geel (Belgium), specialized in the development of proprietary software, hardware and services for karting centers all over the world. B&MI is a true international leader in the market of ICT solutions for karting centers. The company is serving more than 300 customers in more than 70 different countries.
BDO Corporate Finance and BDO Legal successfully advised B&MI Group and its shareholders throughout the entire sales process. Green Park was advised by Quinz and VMB.
For more information, please contact Geert Costers.