NPEX, the trade fair for entrepreneurial SMEs in the Netherlands, has raised growth capital by issuing new shares. This financing round was led by INKEF Capital, a long-term capital provider to promising growth companies in the Netherlands. In addition to INKEF Capital, the existing shareholders of NPEX including Peak Capital II have made additional capital available. NPEX will use the capital to further develop and expand its existing platform.
NPEX is an online trading platform that offers companies access to alternative financing options. It came about through the Innovation Room, an initiative of the Ministry of Finance. The AFM, DNB, the tax authorities and the Ministries of Justice and Social Affairs were affiliated to this.
Companies and investment funds can issue securities to the public through NPEX securities; investors can trade in securities among themselves. Trading takes place via a closed market or via the public market, under the supervision of the Netherlands Authority for the Financial Markets (AFM).
Some thirty funds and companies have now been listed on NPEX, including PontMeyer, Beurs Rotterdam, ActivInvestor, various Annexum funds and Triodos Vastgoedfonds.
From May 2012 NPEX makes it possible to trade in Lehman notes via a separate website – www.npexds.com and soon also in Madoff claims. This trade in securities falls within the distressed securities market, which serves NPEX through a closed market.
With the capital injection NPEX will focus on the further development of the existing platform, as well as expanding the number of products and services. These include, among other things, debt capital products for SMEs. NPEX is seen as one of the innovators in the sector within the financial world and aims to become an alternative financing option for SMEs in the Netherlands to an even greater extent.
We are very pleased that we have found the ideal strategic and financial partner in INKEF Capital to further develop NPEX “, says Adriaan Hendrikse, co-initiator and board member of NPEX B.V.
Senior Managing Director Frank Landsberger of INKEF Capital underpins the investment in NPEX: “we see a lot of potential in this online trading platform of NPEX. It meets the growing need of companies in the SME segment to get capital. This need is structural and additional to what banks and other trading platforms such as NYSE Euronext can mean for this segment “.
INKEF stands for “Investing in the Knowledge Economy of the Future”, and was founded by Stichting Pensioenfonds ABP, the largest pension fund in the Netherlands. INKEF focuses for the longer term on companies with great potential to develop new technologies into commercially successful products and markets. (www.inkefcapital.com)