During February 2014, 21 funders of NAC Breda converted their loans into shares. additional to the conversion in shares, the financiers gave a capital injection to NAC Breda. With these transactions, the 21 financers formally became the owners of the shares of NAC Breda.
In October 2013 some of the funders of NAC Breda asked Crossminds to investigate the financial situation at NAC. The results of this investigation were taken into account when the financiers were considering whether to make additional capital available for NAC Breda. The financiers and the management of NAC subsequently asked Crossminds to further assist in the restructuring. After an intensive process in a very dynamic environment, the transaction was successfully completed. NAC Breda now has a new structure and the financial situation has improved considerably due to the share conversion and the capital injection. NAC Breda will work on a long term policy plan focussing on a structurally balanced operation in the next period.
T: +31 6 29 33 93 02