Banking, finance and capital markets in Belgium

Allen & Overy LLP

Allen & Overy LLP, whose practice is led by the 'pragmatic' Filip Tanghe, provides full-service support on a wide range of transactions. Key areas of expertise for the team include project finance, structured finance, equity/debt capital markets, export finance and corporate lending. Yves Van Pul has expertise in advising banks and borrowers on acquisition and leveraged finance transactions. 'Very experienced' counsel Greet Vanslambrouck assists clients with real estate finance mandates. The firm also offers excellent coverage of financial regulatory matters; Sylvia Kierszenbaum has established expertise in this area. At senior associate level, Julie Vander Donckt, Axel de Backer and Dennis Lievens are also recommended.

Practice head(s):

Filip Tanghe

Other key lawyers:

Yves Van Pul; Greet Vanslambrouck; Sylvia Kierszenbaum; Julie Vander Donckt; Axel de Backer; Dennis Lievens

Testimonials

Attention to quality and detail‘.

Filip Tanghe is the ultimate problem solver‘.

Baker McKenzie CVBA/SCRL

Antoine De Raeve, who heads up Baker McKenzie CVBA/SCRL's banking and finance practice, attracts praise for his 'impressive knowledge of international finance and longstanding experience in transactional loans and credit facilities'. The 'available' Michael Van Acker is a key name for real estate finance and he has also established a strength in handling leveraged finance mandates. Eric Blomme stands out for his 'deep technical expertise on financing matters and ability to find common ground when discussing terms with financial institutions'. On the capital markets side, Roel Meers is highly experienced in equity capital markets transactions, notably those involving the life sciences and healthcare sectors. Associate Thomas Vanthournout is also recommended.

Practice head(s):

Antoine De Raeve; Roel Meers

Other key lawyers:

Michael Van Acker; Eric Blomme; Thomas Vanthournout

Testimonials

Baker McKenzie stand out in quality and availability. They furthermore know how to combine a theoretical background with a pragmatic approach. They render business-driven solutions, not additional questions‘.

Roel Meers: go-to ECM advisor on the Belgium market. Name the issue, and he can most likely can point to a past example where the same situation happened, and provide the route to a solution‘.

Deep knowledge of financing markets and very strong relationship with local financial institutions, which often facilitates negotiations of financing packages‘.

The Baker McKenzie team can be characterised as highly knowledgeable, very efficient, high-performers, gifted with very well developed diplomatic skills‘.

Efficient and good at finding solutions. Good value for money‘.

Very responsive, easy to work with and very good at explaining legal matters in layperson terms‘.

Eric Blomme is very client-oriented and focused on building long-standing relationships‘.

Antoine De Raeve navigates the transaction mastering all angles while teaming up perfectly with his team and the client‘.

Key clients

KBC Bank

ING Belgium

BNP Paribas Fortis

Goldman Sachs

Ergon Capital Partners

Belfius Bank

Mithra Pharmaceuticals

JP Morgan

Work highlights

  • Advised BNP Paribas Fortis, ING Belgium and KBC Bank on the debt financing of DOMO Chemicals’ acquisition of Solvay’s polyamide business in Europe.
  • Acted as lenders’ counsel to ING Belgium and KBC Bank NV on financing the restructuring of the Le Pain Quotidien restaurant group.
  • Acted for JP Morgan and BNP Paribas Fortis as underwriters on the issuance of €500m senior unsecured convertible bonds by Umicore.

Clifford Chance

Clifford Chance's 'dynamic and very engaged' team has a 'commercial and solution-oriented approach', and stands out for its 'broad knowledge not just of the capital markets and loan arrangements, but also the practical implications for a client'. The department is widely recognised for its strength in assisting borrower and lender-side clients with a broad spectrum of banking and finance matters, including acquisition finance, project finance, restructuring and securitisation. Bert De Maeyer, who is strong across the spectrum of banking and finance matters, is 'excellent in his strategic approach to situations'. The 'calm and matter-of-fact' Lounia Czupper has extensive experience of advising on financial regulatory issues and debt capital markets transactions. Niek De Pauw is the key contact for equity capital markets work. Other key names include counsel Wim Aerts, who has 'a no-nonsense, pragmatic negotiation style', 'very hands-on' senior associate Hélène Volkova and associate Alexander Tanguy.

Practice head(s):

Lounia Czupper; Bert De Maeyer

Other key lawyers:

Niek De Pauw; Wim Aerts; Hélène Volkova; Alexander Tanguy

Testimonials

Solution-minded and dedicated‘.

Flexible and very client-oriented. They respect their commitments and are easily accessible‘.

Wim Aerts and Alexander Tanguy work extremely efficiently together. Strong business orientation and solution focus‘.

Very responsive, they fully understand their clients needs and proactively keep us updated on local market trends and developments (without having to first be asked)‘.

Lounia Czupper truly understands our needs and wants and always ensures that her advice is tailored to these. She is very easily and efficiently able to share her expertise and advice with her clients‘.

The team is very knowledgeable‘.

The team is very customer-oriented. They recognize the requirements of the customer and implement them consistently in the negotiations‘.

High level of professionalism and hands-on mentality‘.

Key clients

ING Belgium

AB InBev

Belfius Bank

European Investment Bank (EIB)

The Belgian State

Econocom

Banque Degroof Petercam

KBC Bank

Bank of America Merrill Lynch

ABN Amro

Bank of New York Mellon

Work highlights

  • Acted as lenders’ counsel to BNP Paribas Fortis, KBC Bank and ING Bank on a €260m refinancing and five-year extension of the syndicated loan given to engineering company Hamon.
  • Advised the banks acting as joint global coordinators on the issuance of the €500m perpetual hybrid bond by industrial chemicals company Solvay.
  • Advised Belfius Bank and Deutsche Bank on the private placement of shares by the Care-Ion Group in real estate company Cofinimmo.

Linklaters

Linklaters has an excellent reputation for handling banking transactions and regulatory matters of the utmost complexity and significance for clients; its practice is strong in relation to derivatives, acquisition finance, project finance and syndicated lending, among other areas. On the capital markets side, the practice has a strong track record featuring in several of the most high-profile IPOs in Belgium. In addition, it is equally adept at advising on domestic and cross-border issuances of securities, warrants and convertibles, among other areas. Arnaud Coibion and newly promoted partner Filip Lecoutre are noted for their capabilities in IPO matters. David Ballegeer is very well known for his strength in assisting lenders, borrowers and issuers with a wide range of financial matters. Another key figure is Charles-Antoine Leunen, who is very experienced in advising clients from the infrastructure and transport sectors on project finance work. Etienne Dessy is the key name for financial regulation and investment funds mandates. At managing associate level, Anne-Sophie Vankemmelbeke, Francis Wijnakker and Joyce Wieczorek are other names to note. Sophie Peeters joined Ace Law.

Practice head(s):

David Ballegeer; Charles-Antoine Leunen

Other key lawyers:

Etienne Dessy; Arnaud Coibion; Filip Lecoutre; Anne-Sophie Vankemmelbeke; Francis Wijnakker; Joyce Wieczorek

Jones Day

Jones Day's 'pragmatic' team stands out for its 'fluent, smooth and discrete way of managing capital markets processes'. It has a wealth of expertise in debt, equity and equity-linked capital markets transactions. On the finance side, areas of strength for the group include project finance, distressed financing and acquisition finance, to name a few. Regulatory advisory work is another core strength of the practice. The department is jointly led by Ferdinand Brughmans and Matthieu Duplat. Associates Laurent Vercauteren and Thibault De Boulle are also recommended.

Practice head(s):

Ferdinand Brughmans; Matthieu Duplat

Other key lawyers:

Laurent Vercauteren; Thibault De Boulle

Testimonials

Matthieu Duplat: he is a focused, competent lawyer, no-nonsense‘.

Pragmatic, skillful and hands-on approach‘.

Key clients

Belfius Bank

KBC Bank

Deutsche Bank

Buysse & Partners

Work highlights

  • Advised a consortium of senior creditors on a  €950m repricing of the Norther offshore wind farm.
  • Advised biopharmaceutical company UCB on the establishment of its €3bn EMTN programme.
  • Acted for the Flemish Community (a federated entity of the Kingdom of Belgium) on a €2bn bond issue; the firm had previously assisted the client with the issue of an inaugural €500m sustainability bond.

Loyens & Loeff

Loyens & Loeff is well known for its strengths in project finance transactions with a nexus to the renewable energy sector, and it has a notably strong track record of advising on the financing aspects of offshore wind farms. The practice is led by Marc Vermylen, who is experienced in assisting investors and lenders with secured and asset-based lending, securitisation transactions and project finance. In addition, he is very well known for his extensive knowledge of Euroclear-related matters. Koen Panis is a key name for real estate PPP-related work and real estate finance. Counsel Eveline Hellebuyck and senior associate Jan Missoul are also recommended.

Practice head(s):

Marc Vermylen

Other key lawyers:

Koen Panis; Eveline Hellebuyck; Jan Missoul

Testimonials

Loyens & Loeff have a pragmatic approach, helping to find and deliver sensible solutions to issues, without over-complicating matters and working closely with counterparts to resolve technical issues for us as the client‘.

Marc Vermylen and his team have a practical and pragmatic approach to problem-solving‘.

Key clients

European Investment Bank (EIB)

Eurofactor

The Blackstone Group

Tikehau Investment Management

Work highlights

  • Advised the European Investment Bank on the €20m financing of biotechnology company Univercells’ vaccine portfolio.
  • Acted as Belgian counsel to The Blackstone Group on the €6.2bn acquisition financing of the Dream Global REIT portfolio.
  • Advised Norther and its sponsors on the €970m refinancing of its 370MW offshore wind farm.

Stibbe

Stibbe's practice is led by Wouter Ghijsels, who is 'a hands-on lawyer with a good understanding of the business'. The 'pragmatic' team reports an uptick in direct lending mandates and financial restructuring matters, and has also been kept busy in the capital markets space handling instructions from biotech and REIT entities. Jan Peeters and Pascal Vanden Borre are recommended for their expertise in IPOs and other equity capital markets matters. Senior associate Pieter Nobels is experienced in debt capital markets matters, as well as real estate finance and acquisition finance transactions.

Practice head(s):

Wouter Ghijsels

Other key lawyers:

Jan Peeters; Pascal Vanden Borre; Pieter Nobels

Testimonials

Good value for money for corporate financings‘.

Pieter Nobels – legal expert, able to reply instantly and to the point‘.

Rational, straightforward, out of the box thinking‘.

Key clients

Apax Partners

Aquafin

Belfius Bank

BNP Paribas Fortis

Centerbridge Partners

CVC Credit Partners

ING Group

Kartesia

KBC Bank

Mercedes Benz Financial Services

Panasonic Healthcare

Proximus Group

PSA Finance

Société Générale

Union Bank

Work highlights

  • Assisted BNP Paribas Fortis with a car lease securitisation for an international car leasing company; this was the first securitisation of its kind in Belgium.
  • Represented Belfius Bank, BNP Paribas Fortis, ING Bank, Kempen and Natixis as underwriters on the €205.7 million rights issue of Xior.
  • Assisting the European Investment Bank with a €200m financing to the ZNA hospital group.

White & Case LLP

Recent highlights for the team at White & Case LLP included assisting debt fund company EQT Credit with its €100m unitranche financing to private equity firm Gilde Buy Out Partners for the acquisition of software solutions provider Corilus. The firm has had a notable increase in direct lending instructions, and is well known for its strength in global syndicated financings, restructuring issues and debt capital markets transactions. The 'very proactive' Hadrien Servais jointly leads the practice with restructuring expert Thierry Bosly and 'commercially-minded' counsel Willem Van de Wiele. Associate Eline Souffriau is also recommended.

Practice head(s):

Thierry Bosly; Hadrien Servais; Willem Van de Wiele

Other key lawyers:

Eline Souffriau

Testimonials

Hadrien Servais: solutions-driven, excellent knowledge of market‘.

Eline Souffriau: one of the smartest financing associates I have worked with. Quality of work is outstanding‘.

Outstanding knowledge of the Belgium DCM and the financial sector. Creative and constructive solutions‘.

Key clients

Aliaxis SA

ABN AMRO Bank

Bank of America Merrill Lynch

Barclays

Belfius Bank

Bluebay Asset Management

BNP Paribas Fortis

Castik Capital Partners

Cobepa

Commerzbank

Credit Suisse

CVC Capital Partners

Deutsche Bank

DNB Bank

EQT Credit

The European Investment Bank

GSO Capital Partners

Hayfin

HSBC

ING

JPMorgan

KBC Bank

Mithra Pharmaceuticals

Morgan Stanley

Natixis

Nordea Bank

Rabobank

Royal Bank of Canada

Santander

Sumitomo Mitsui Banking Corporation

Société Générale

UniCredit

Ashurst LLP

Ashurst LLP's team provides ongoing advice to Deutsche Bank, Citibank, Goldman Sachs, Credit Suisse, JP Morgan and Barclays on their notes, warrants and certificates issuance programmes, in order to ensure consistency of the terms with the Belgian Code of Economic Law. The practice is also well known for its strength in advising large corporates, funds and international banks on real estate finance, cross-border transactions, restructurings and the offering of structured products to retail investors in Belgium. Arnaud Wtterwulghe heads up the department, in which senior associate Bram Delmotte is another name to note.

Practice head(s):

Arnaud Wtterwulghe

Other key lawyers:

Bram Delmotte

Testimonials

Very practical, and listen to the client’s needs‘.

Key clients

The Valesco Group

Meritz Securities

Rothesay Life

Northleaf Capital Partners

Goldman Sachs

Deutsche Bank

Credit Suisse

J.P. Morgan

Citibank

Barclays

Renewi

Work highlights

  • Acted as borrower counsel to the Valesco Group (backed by South Korean institutional investor Meritz Securities) on the financing of its acquisition of the Finance Tower.
  • Acted as lender counsel to Rothesay Life on the financing of the acquisition of office building Toison D’Or by Korea Investment Management.
  • Advised Northleaf Capital Partners on the financing of its acquisition of a 90% stake in Douglas Terminals.

Cleary Gottlieb Steen & Hamilton

At Cleary Gottlieb Steen & Hamilton, the multidisciplinary team is advising C-Shift, a wholly-owned subsidiary of ArcelorMittal Belgium, on a €75m European Investment Bank (EIB) project financing for the construction and operation of two renewable energy projects in Ghent; Laurent Ruzette and senior attorney Christophe Wauters are leading on this matter. The client roster includes domestic and international financial institutions, global private equity houses and multinational corporations. In addition, the firm is very well known for assisting several sovereign states in French-speaking Africa with infrastructure finance and debt restructuring. Other key names in Brussels include Laurent Legein and counsel Géraldine Bourguignon.

Other key lawyers:

Laurent Ruzette; Laurent Legein; Géraldine Bourguignon; Christophe Wauters

Key clients

ArcelorMittal

Axéréal

Bank Degroof Petercam

Befimmo

Bekaert

Belron

CMA CGM

Eurofima

Goodyear

Work highlights

  • Acted as advisers to Axéréal on a multi-layered quasi-equity and debt financing as part of its acquisition of Cargill’s global malt business.
  • Advised Befimmo on a €69m private placement of shares.

CMS

CMS' banking and finance practice houses 'a very strong legal team', which is 'very experienced in all types of finance transactions'; 'they have a practical perspective and give valuable advice'. Key areas of expertise for the group include derivatives, structured finance transactions, real estate finance and commodities and asset finance. Regulatory work is another cornerstone of the work undertaken by the group. The department is jointly led by the 'efficient' Bruno Duquesne, associate partner Benoît Vandervelde ('responsive and user-friendly') and the 'flexible' Arnaud Van Oekel.

Practice head(s):

Benoît Vandervelde; Arnaud Van Oekel; Bruno Duquesne

Testimonials

Great knowledge of the financing business‘.

Arnaud Van Oekel is reachable, deal- and client-oriented, responsive and has deep knowledge of the market‘.

CMS’ team is always eager to help, friendly and polite. They are client-oriented, focused and always take into account clients’ needs‘.

Benoît Vandervelde is top-notch, very reactive, always available, and can perfectly understand the fine balance between finding a business-oriented solution while being fully in line with the legal framework‘.

Benoît Vandervelde: very knowledgeable and fast‘.

Key clients

ING Belgium

Helaba

Commerzbank

Novelis

BlackRock

Work highlights

  • Assisted US-based aluminium producer Novelis with a multi-billion dollar financing for the acquisition of Aleris.
  • Advised Investcorp on its acquisition of the Coca-Cola company’s headquarters in Belgium.

Deloitte Legal

Werner Van Lembergen leads the team at Deloitte Legal, which is well known for advising on financial restructurings, commercial finance transactions and regulatory matters, among other areas. The client roster includes public authorities, domestic and international financial institutions, real estate entities and automotive sector companies. Director Laurent Godts, senior associate Jean-Philippe de Vinck and associate Maxim Arrazola de Oñate are key contacts.

Practice head(s):

Werner Van Lembergen

Other key lawyers:

Laurent Godts; Jean-Philippe de Vinck; Maxim Arrazola de Oñate

Key clients

ABN Amro Bank

Crédit Agricole CIB

Deutsche Bank

Tikehau Investment Management

MeDirect Bank

European Investment Bank (EIB)

HSBC

Xior Student Housing

Work highlights

  • Advised Leaseplan Corporation on the structuring of a €500m receivables securitisation transaction.
  • Assisted Tikehau Investment Management with a 53m financing from a French bank for the acquisition of Belgian real estate company Etablissements ROVA and to refinance the company’s existing debt.

DLA Piper

At DLA Piper, recent instructions included Johan Mouraux and lead lawyer Sander Buysse acting for a consortium of sponsors on the financing, construction and maintenance of a circa €100m 20MW greenfield biomass power plant in the Port of Ghent, Belgium. Mouraux is also well known for his expertise in export finance matters. Financial regulatory work is another core strength for the team; Pierre Berger, who co-heads the practice with Mouraux, is a noted practitioner in the area. On the debt capital markets side, the practice acts as longstanding counsel to the Kingdom of Belgium on government and sovereign bond issues. Isabelle Van Biesen was promoted to senior lead lawyer. In May 2020 Pierre Proesmans joined Bazacle & Solon.

Practice head(s):

Johan Mouraux; Pierre Berger

Other key lawyers:

Sander Buysse; Isabelle Van Biesen 

Testimonials

Excellent team of knowledgeable, trustworthy and customer-oriented legal experts‘.

They are very flexible and take a pro-active approach in getting the deal through‘.

Johan Mouraux has a hands-on mentality‘.

Quick response. In-depth knowledge of market‘.

DLA Piper clearly works as a team and communicates as one‘.

Key clients

Belfius Bank

KBC Group

Tioga Capital Partners

Aion

Freshfields Bruckhaus Deringer

Liedekerke Wolters Waelbroeck Kirkpatrick

Damien Conem heads up Liedekerke Wolters Waelbroeck Kirkpatrick's corporate and finance practice, which houses a team that is 'highly specialised in financial markets, pragmatic and results-oriented'. The department acts as a triumvirate, with banking, capital markets and financial regulation as the three specialist areas of expertise. In the banking sphere, Jan Vincent Lindemans and Freya Mareels handle a broad range of transactional mandates for lender and borrower clients, including real estate finance, corporate lending matters and acquisition finance. Tom Van Dyck is the key contact for financial regulatory matters and advises banks and asset managers on enforcement actions. Newly promoted partner Wim Dedecker is the name to note in the capital markets arena, which spans debt and equity-related mandates.

Practice head(s):

Damien Conem

Other key lawyers:

Jan Vincent Lindemans; Freya Mareels; Tom Van Dyck; Wim Dedecker

Testimonials

Wim Dedecker is not only an excellent and very knowledgeable lawyer but he truly understands the customer’s needs. He is also very committed and eager to deliver the results we are seeking within the agreed deadlines‘.

They are pragmatic, result oriented, and available‘.

Freya Mareels – we appreciate her for her competence, client-focus, dedication and her drive to deliver on target‘.

Tom Van Dyck is available at any time and able to react and provide technical advice very swiftly in a hands-on manner‘.

Very much engaged in trying to obtain the best result for the client‘.

In both an advisory setting and in administrative proceedings, Tom van Dyck has shown to be willing to go the extra mile. He has demonstrated extraordinary intelligence and persuasiveness‘.

The team is very well organized; they communicate effectively, are always planned and organized, and always deliver‘.

Very pragmatic, easy to communicate with, clear communication‘.

Key clients

Deutsche Bank

BNP Paribas Fortis

Bank Delen

Bank Degroof Petercam

Work highlights

  • Advised global steelwire group Bekaert on its €200m bond offering to retail and professional investors via a public offering.
  • Assisted private equity firm CGE Partners with the Belgian aspects of the financing for its acquisition of Enhesa.
  • Advised Antwerp Gateway, a terminal operator in the Port of Antwerp, and its majority shareholder DP World Antwerp Holding on a €258m bank-bond financing.

Lydian

Lydian's 'very commercial and efficient' team is strong in trade and export finance, asset-based lending, asset finance and project finance. The client roster includes international and domestic financial institutions, investment funds and companies drawn from a broad range of sectors. Debt and equity capital markets matters are another cornerstone area of expertise for the practice. The 'very experienced and responsive' Tom Geudens heads up the department. Counsel Caroline Hoste, senior associate Dries Leirs and associate Achille Lemey are also recommended.

Practice head(s):

Tom Geudens

Other key lawyers:

Caroline Hoste; Dries Leirs; Achille Lemey

Testimonials

Tom Geudens is very responsive and user-friendly‘.

Timely, good quality advice delivered in a sharp and easily digestible format‘.

It is the responsiveness, the “user-friendly” nature of the advice and the quality of work product which makes Lydian stand out. Tom Geudens heads the team and is very ably supported by Caroline Hoste, Dries Leirs and Achille Lemey, all of whom seem to embody Tom’s qualities in terms of striving to always deliver a top-notch service. Always a pleasure to work with‘.

They are very proactive and deliver great service. Deadlines are consistently met comfortably and advice is clear and concise‘.

Tom Geudens is excellent. He is technically strong and a good communicator. He has surrounded himself with excellent associates‘.

Key clients

Deutsche Bank

Commerzbank

Argenta Bank

White Rock Insurance

AIG Europe

Zurich Insurance

Belfius Bank

Société Générale

Crédit Agricole

Ethias

Work highlights

  • Advised National Westminster Bank on the €84m financing of a biomass project.
  • Assisted Bank of America (as arranger) with the provision of a $425m borrowing base facility to the WS Packaging Group.
  • Assisted Equistone Partners Europe Limited with the €105m financing for the acquisition of the Amadys Group.  

NautaDutilh

Thibault Willlems heads up the finance practice at NautaDutilh, which has expertise in asset-based lending, acquisition/project finance, securitisations and PPP transactions, to name a few areas. On the capital markets side, the team handles equity and debt transactions for an established client base of Belgian REITs and biotech entities. Nicolas de Crombrugghe and Elke Janssens jointly lead the capital markets practice. Philippe Remels is very experienced in advising life sciences and healthcare companies on private financing rounds. The client roster also includes prominent financial institutions, real estate companies and energy sector entities. Recently promoted counsel Nathalie Van Landuyt is also recommended. In 2020, Philippine De Wolf left the firm to join Spadel, while associate Ysaline Mouthuy joined from PwC Legal.

Practice head(s):

Thibaut Willems; Nicolas de Crombrugghe; Philippe Remels; Elke Janssens

Other key lawyers:

Nathalie Van Landuyt; Ysaline Mouthuy

Key clients

ENGIE Electrabel

KBC

Wells Fargo

Belfius

Cofinimmo

Work highlights

  • Acted as lenders’ counsel to ENGIE Electrabel on the financing of the Wind4Flanders Project 4 and ICO Wind Park.
  • Assisted Cofinimmo with a €500m financing provided by BNP Paribas Fortis and ABN Amro Bank.
  • Acted for the underwriters on the $862.5m fundraising of argenx.

ARGO Law

Pieter Bogaerts and Nico Goossens jointly lead ARGO Law's department, which attracts praise for its 'profound knowledge and expertise' in a range of banking and capital markets matters. Private equity-related matters form a core pillar of the practice, which is active in capital raising and add-on acquisitions. On the capital markets side, the team has experience of handling IPOs, capital increases and public issues of shares, bonds and convertible bonds. At associate level, Christophe Verhelst and Pieter-Jan Van Goethem are names to note.

Practice head(s):

Nico Goossens; Pieter Bogaerts

Other key lawyers:

Christophe Verhelst; Pieter-Jan Van Goethem

Testimonials

Christophe Verhelst and Pieter Bogaerts are top-notch lawyers who are always available to meet very tight deadlines and look at the issue from a broader perspective‘.

Pieter Bogaerts is always a pleasure to work with. He is direct, efficient and pragmatic, and very knowledgeable‘.

Argo Law has the competitive advantage of being very customer-centric, flexible and highly committed‘.

Key clients

Waterland Private Equity

ING Belgium

KBC Bank

Belfius Bank

Rabobank

VGP

United Petfood Producers

Work highlights

  • Acted as transaction counsel, both to Waterland Private Equity and its portfolio company United Petfood Producers, on an increase of its credit facility, in order to finance the purchase of a Dutch add-on company Jonker Petfood.
  • Acted as borrower’s counsel to investment company Gimv on the refinancing of the Impact Group, following its acquisition of Dutch company Haldu Groep.
  • Advised Belgian private equity fund Down2Earth Capital II on its acquisition of a majority stake in Grandeco Wallfashion Group Belgium.

PwC Legal

PwC Legal's 'very responsive' banking and finance team 'combines an impressive legal and technical expertise with strong business knowledge and commercial understanding', and is singled out for its 'amazing knowledge of the Belgian capital markets industry'. Other core areas of activity for the department include financial regulatory matters and asset management mandates. Practice head Ivan Peeters has 'the unique capacity of continuously finding solid and practical solutions for complex problems'. Philip Van Steenwinkel is 'a dynamic partner who is very much involved in his files and provides pragmatic advice'. Senior managing associate Charles-Henri Bernard is a name to note. In June 2020, managing associate Ysaline Mouthuy moved to NautaDutilh.

Practice head(s):

Ivan Peeters

Other key lawyers:

Philip Van Steenwinkel; Charles-Henri Bernard

Testimonials

The banking team of PwC Legal in Belgium is extremely reliable and easy to work with‘.

On asset management regulation and financing issues, the assistance of Charles-Henri Bernard stands out‘.

Philip Van Steenwinkel is very approachable and always available. He is proactive and has a thorough understanding of the internal organization of his client and strong knowledge of the sector/environment in which his client operates‘.

Key clients

Euroclear Bank

Barclays Bank

ABN Amro

Sumitomo Mitsui Banking Corporation

ING Belgium

Deutsche Bank

The Valesco Group

Hyundai Investments

Belfius Bank

Work highlights

  • Advised the Finance Tower on a €750m refinancing of a real estate project in Brussels, using a specialised real estate investment fund as a structuring vehicle.
  • Assisted Euroclear Bank with a €500m fixed rate senior preferred notes issuance under its inaugural €5bn EMTN programme.
  • Acted for Barclays Bank as dealer’s counsel regarding the issuance of fixed rate covered bonds worth €500m under Belfius Bank’s €10m public pandbrieven programme.