Aedifica nominated for Trends CFO of the Year & Deal of the Year awards

Aedifica was nominated by the Belgian financial magazines Trends and Trends-Tendances for the ‘CFO of the Year’ and ‘Deal of the Year’ awards. These awards are handed out to CFOs and deals who have set the tone within the Belgian financial sector in 2020. The work of Aedifica CFO Ingrid Daerden and the acquisition of Northern European Hoivatilat impressed the panel, leading to nominations for both awards. The winners will be announced on 20 October 2021.

CFO of the Year

Ingrid Daerden was nominated as CFO of the Year, an award that is being presented for the tenth time this year. When choosing from a shortlist of five CFOs, the judges will not only look at the remarkable achievements of the nominees during the past year, but also at qualitative criteria, such as professional knowledge, leadership and people management qualities, and the role of the CFO as a strategic partner in the company.

I see it as my role to find financing for Aedifica’s growth plans. Good reporting is crucial to maintain the confidence of shareholders and investors. In addition, it is my job to point out risks in time.
Ingrid Daerden – CFO Aedifica

The panel of judges sees Ingrid as instrumental in the execution of Aedifica’s growth strategy. As a motivation for her nomination, the judges notes the more than €700 million Aedifica raised in 2020 through capital raisings, the inclusion in the BEL20 and the acquisition of Hoivatilat. Furthermore, the judges highlight that Aedifica’s growth in 2020 was realised in difficult circumstances due to the coronapandemic which put pressure on the elderly care sector.

We have also taken some important steps in our internal organisation in recent times. Through the European expansion and the establishment of local teams, we have thoroughly changed our way of working. In collaboration with the various teams, we launched SAP, insourced the accounting of the international subsidiaries and implemented a treasury management system. I am therefore very proud of this motivated team that put its shoulder to the wheel on this transformation project and achieved a brilliant result in difficult circumstances.
Ingrid Daerden – CFO Aedifica

Deal of the Year

The Hoivatilat transaction was a real team effort involving all members of the executive committee and all departments within Aedifica. A deal like this is a process where numerous actions run in parallel which you can only achieve if you have such wonderful colleagues that all work together in harmony.
Sven Bogaerts – Chief Legal / M&A Officer

Moreover, the acquisition of Hoivatilat (the Finnish healthcare property investor and developer operating in Finland and Sweden) was shortlisted for Deal of the Year. The award rewards deals that create financial and strategic value for all stakeholders. Aedifica already won the award in 2019 on the occasion of the acquisition of its UK portfolio. The Hoivatilat deal was already awarded the ‘Best Large Cap Corporate Deal 2020’ at the Belgian M&A Awards in March.

In this transaction, we had to keep several balls in the air: continue to refine analyses and property valuations; negotiating with Hoivatilat’s board of directors, senior managers, shareholders and financial institutions; coordinate external advisors; understanding the development process with Hoivatilat and evaluate the quality of their buildings and tenants; finding the necessary financing in the short and medium term; prepare the future operational and financial integration, prepare communication to stakeholders…
Sven Bogaerts – Chief Legal / M&A Officer

The panel of judges shortlisted the Hoivatilat deal because of its interesting existing portfolio and pipeline, but also because of its future potential in the Nordic market and the strategic shift that this transaction made possible: Aedifica can now also realise a return on property development.

The strength of this deal lies in the fact that it is a true partnership. Aedifica and Hoivatilat have different but very compatible know-how. This strategic partnership is very fruitful: in one and a half years, over €100 million of new projects have already been delivered in Finland and Sweden and together we have invested over €175 million in the acquisition of existing sites.
Charles-Antoine van Aelst – CIO

More information on both Trends awards is available at https://trendscfo.be/home/.