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AKD

PO BOX 59280, 1040 KG AMSTERDAM, NETHERLANDS
Tel:
Work +31 88 253 5000
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Fax +31 88 253 5001
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Web:
www.akd.nl
Amsterdam, Breda, Brussels, Eindhoven, Luxembourg, Rotterdam

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De Hoge Dennen Capital sells Mennens Holding to AxLoad

May 2012

AKD assisted investment company De Hoge Dennen with the sale of the majority shareholding in Mennens.

Mennens, a Benelux company that specialises in steel wire rope, cranes, and lifting technology, has 420 employees and achieved a turnover of € 83 million in 2011. AxLoad is Europe's largest provider of products and services in the field of steel wire rope, lifting technology, and cargo securing products. The new combination of AxLoad and Mennens will have a turnover of approximately € 350 million.

Nathalie van Woerkom, François Koppenol and Selma Baouch from AKD advised De Hoge Dennen Capital in relation to this transaction. The closing took place on Tuesday 27 March 2012. AKD has assisted De Hoge Dennen Capital on several other occasions, such as in connection with the transactions surrounding Star Group, plastic sheeting manufacturer Wiefferink, and the technology company Lightronics.


About AKD
Employing a team of 200 lawyers and civil-law notaries, AKD is one of the largest legal services providers in the Netherlands. Based on a comprehensive service model and a personal approach, the firm provides high-quality services to its clients in virtually all legal areas. AKD maintains branches in Amsterdam, Breda, Eindhoven, Rotterdam, and Brussels.

For more information, please go to www.akd.nl.

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