Momentum Global Ventures is selling up to €50m of receivables to strengthen its liquidity position and for additional holdings, including in Perpetual Next. The sale of receivables will take place without the underlying ventures having to repay their receivables and without selling shares in the ventures that Momentum wants to retain.
Sale of participations MEFI
An exception are MEFI’s Brazilian participations in area developer Urbania. There, collection of receivables is involved, as there is a phased sale of the participations. The first partial exit within MEFI’s participations has now been realised, following an earlier audit by KPMG and a valuation by Mazars.
Investments
The proceeds from the sale of the various receivables, are partly used to meet tax obligations arising from transactions and partly for so-called pre-exit investments: additional investments in ventures such as Perpetual Next, SunLED and Seaborough, to strengthen their position ahead of a planned exit.
Governance
Earlier, independent governance was already established for Momentum Leisure with its own management board and supervisory board. The same governance change will also be completed at Perpetual Next in the second quarter of 2025, so that these ventures are not only financially but also administratively autonomous.
