On 29 November 2019, the shareholders of the Cryns Group reached agreement with the Intelligent Repair Solutions Group for the sale of the Cryns Group.

Cryns is one of the leading body shop groups in Belgium and has branches in Mortsel, Zwijndrecht, Ghent, Brussels, Nivelles, Liège (Seraing and Awans) and Mechelen. Intelligent Repair Solutions is a leading European body shop group active in Germany, France, Denmark and Sweden. As part of the transaction, the shareholders of the Cryns Group have invested part of the sale proceeds in the Intelligent Repair Solutions Group.

Eubelius acted as legal counsel to the shareholders of the Cryns Group. The team members involved in this transaction were Erwin Destuyver and Jan Loosen.

For further information on this transaction, please refer to the Cryns Group website (only available in Dutch or French).