Apologies. I will certainly take the L on this one.Fake news huh ?Fake news from dionenoid. "This is old news", dont insult me.That’s right. Not publicly traded and now PE-funded.
https://tracxn.com/d/acquisitions/acqui ... eIEQs1PG28
https://tracxn.com/d/companies/image-li ... FxCwSbS9oc
https://www.tijd.be/ondernemen/durfkapi ... 97512.html
According to several Belgian and Dutch news sites, Waterland paid between 90 and 110 million Euros for a total of 85% of Image-Line. This was in February 2019, so yeah, old news.
But anyway, this made Jean-Marie Cannie (one of Image-Line's founders) instantly hit the list of the richest people in Belgium : https://derijkstebelgen.be/vermogende/jean-marie-cannie
Quite revealing article that one, use Google Translate if you can't read Dutch.
And ofcourse you can't find info about Waterland owning Image-Line these days, because Waterland already sold the company to someone else : Aish Agarwal, who became Image-Line's CEO short after : https://www.crunchbase.com/person/aishvarya-agarwal
Agarwal became rich by selling his former company (Magix, yeah that's right, from Music Maker), to a German investor called Capiton : https://www.capiton.de/en/portfolio/mag ... ware-gmbh/
Apparently Waterland made around 100 million profit on selling Image-Line to him and his backing investors, who also bought the remaining 15% of Image-Line that was still owned by the original founders.
Statistics: Posted by Erik_Lucas — Thu Aug 29, 2024 9:40 am