Banking and finance: Borrower side in Netherlands

Allen & Overy LLP

Allen & Overy LLP has an outstanding track record acting for borrowers on a broad cross-section of domestic and cross-border transactions, including those involving leveraged finance and acquisition finance, syndicated lending and corporate finance. Also notable is that the team is led by Niels de Ru, whose specialisms include trade and commodity finance, export finance and asset finance. In one high-profile matter, de Ru and Andrew Thomas recently led the advice to KLM on its negotiations with the Dutch state and a number of domestic and international banks to secure €3.4bn in financing to mitigate the impact of Covid-19 on its operations. Femke BiermanAroen Kuitenbrouwer and senior associate Erik-Jan Wagenvoort are among other key individuals in the group.

Practice head(s):

Niels de Ru

Other key lawyers:

Femke Bierman; Andrew Thomas; Aroen Kuitenbrouwer; Erik-Jan Wagenvoort; Luke Whibley

Testimonials

‘Very capable lawyers co-operating well with the team, stellar performance and best in class relevant knowledge and (negotiation) skills. Good grip on process and very well communication with client during proces and negotiations. Value for money.’

‘Supreme knowledge and negotiation skills, resulting in the anticipated outcome of the transaction. Driven to deal-doing, though tough in negotiations. Always well prepared!’

‘A very good combination of professional and interpersonal skills. EC expertise, corporate legal expertise, as well as in-depth knowledge of the lending side.’

‘Very pleasant to work with. Always on time, always very good to get hold of.’

‘Good personal contact, good work ethics, smart solutions and practical advice.’

Key clients

KLM

HEMA

Here International

KPN

Heijmans

Suit Supply

SHV Energy

Beryllium

Waterland Privte Equity

Accell Group

Vesteda

Work highlights

  • Acted for KLM on its negotiations with the Dutch State and a number of domestic and foreign banks to secure €3.4bn in financing. This additional liquidity will help KLM maintain business continuity through the Covid-19 crisis and strengthen its position going forward.
  • Advising Suit Supply on business disruptions relation to Covid-19. Including obtaining new liquidity to continue with its operations and a financial covenant reset.
  • Advising ASML on a receivables purchase agreement, issuance of true sale legal opinions in all jurisdictions involved and a review of the underlying commercial contracts containing the receivables.

De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek distinguishes itself in complex and strategically significant borrower-side finance transactions, with its team’s expertise being seen in matters involving project finance, leveraged and acquisition finance, as well as big-ticket refinancings, among other matters. Clients of the firm include highly leveraged corporates, state-owned enterprises and private equity sponsors. In a recent highlight, Menno Stoffer and Bas Boutellier advised Boels Topholding on the €1bn financing associated with its public offer on the shares in Cramo Plc. Debt restructuring expert Ferdinand Hengst is another name to note, as is Niek Biegman.

Practice head(s):

Menno Stoffer; Ferdinand Hengst

Other key lawyers:

Bas Boutellier; Niek Biegman

Testimonials

‘De Brauw has unique pedigree and reputation as banking and finance firm, excellent quality with decent rates.’

‘The De Brauw banking and finance team is filled with absolute top experts and personalities from the partner to the junior level, who are all used to handling the most complex high-profile cases. When working with them you can see that they absolutely know (and at the same time also really enjoy) their job.’

‘Ferdinand Hengst is an absolutely exceptional lawyer. With his strategic skills and commercial understanding he always provides absolute to-the-point-advice, what makes him stand out from his peers.

Bas Boutellier is definitely one of the Dutch rising stars in the banking and finance area. His expertise and tailor-fit advice are impressive, and he is really fun to work with.’

Key clients

HEMA

Fugro

Royal BAM Group

Nederlandse Spoorwegen (the Dutch Railways)

APAX Partners

Triton Capital Partners

Port of Rotterdam

FrieslandCampina

AkzoNobel

Royal Philips

Tennet Holding

N.V. Nederlandse Gasunie

Royal Dutch Shell

Signify

Royal Vopak

BCD Travel

Just Eat Takeaway.com

Boels

G Square Healthcare private equity

Work highlights

  • Advised Dutch leading retailer HEMA on its complex and multijurisdictional recapitalisation process.
  • Acted as lead counsel to Fugro on its comprehensive refinancing.
  • Assisted JustEat Takeaway.com N.V. with the refinancing of its revolving credit facilities.

Clifford Chance

Clifford Chance‘s team comprises of Dutch and English-qualified lawyers, making it a strong draw among domestic and international corporates, as well as private equity firms. Led by managing partner Titus De Vries, the group handles a full range of transactions for clients, such as those involving leveraged finance, corporate lending, syndicated finance, project finance, real estate finance, bond/loan financing and infrastructure finance. Its transactional capabilities are complemented by the firm’s strengths in financial regulatory matters. In 2020, Folko De Vries assisted IK Investment Partners with financing its acquisition of GeoDynamics. The team also includes England-qualified partner Angela McEwan and Jelle Hofland.

Practice head(s):

Titus de Vries

Other key lawyers:

Folko de Vries; Jelle Hofland; Angela McEwan; Hein Tonner; Nienke van Stekelenburgh; Jackie Jones; Mike Niekoop; Nanette Rutgers; Boudewijn Vermeer; David Woolmer

Key clients

Orange Capital Partners

Waterland Private Equity

Gilde Buy Out Partners

IK Investment Partners

Parcom Capital Partners

HPI Group

Restaurant Group Holding

Raben Group N.V.

Work highlights

  • Acted for Waterland Private Equity on €100m SFA the acquisition of Xebia Services and Xebia Global Services, with Tikehau as senior lender and Rabobank as super senior lender. This is the first transaction of Tikehau in the Netherlands and a first out structure.
  • Advised Orange Capital Partners (OCP) via its investment vehicles VivadaInvestments on the acquisition of two apartment buildings consisting of 173 luxury and affordable apartments referred to as ‘The Rock’, located in Kanaleneiland Noord in Utrecht, the Netherlands. Vivada Investments is a subsidiary of GIC, a sovereign wealth fund established by the Government of Singapore.
  • Advised investment firm Gilde Buy Out Partners on its €113m acquisition (as well as on the financing) of ERP software company To-Increase B.V. from Danish listed company Columbus A/S.

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer is highly regarded across the full range of finance transactions, with its Amsterdam team adeptly leading and co-ordinating cross-border mandates. Thijs Flokstra has experience of handling finance transactions with a nexus to the real estate, infrastucture and private equity sectors. He co-heads the practice with Mandeep Lotay, whose recent workload included ESG-related financings and acquisition finance transactions. In a notable highlight, Lotay led a cross-office team that acted for WorldRemit on the financing of its acquisition of SendWave. Other key members of the group are Michael Broeders and recently promoted counsel Tim Elkerbout.

Practice head(s):

Thijs Flokstra; Mandeep Lotay

Other key lawyers:

Michael Broeders; Tim Elkerbout

Key clients

iCON Infrastructure

APG Asset Management

Jumbo Holding

Wereldhave

Enexis

Woonhave

Getronics

Vitruvian Partners

Charterhouse Capital Partners

WorldRemit

Endemol Shine Group

AXA IM – Real Assets

Americold Realty Trust

Work highlights

  • Advised Ardian on the financing of its acquisition of Deli Home (a Dutch made-to-measure manufacturer and distributor of timber-based home improvement products).
  • Advised Onelog Invest (Lux) S.à r.l. on the refinancing of the acquisition costs of four logistic assets located in the Netherlands and the acquisition of one asset in Germany by way of a Dutch law governed facility agreement with ING Bank N.V. The advice covered Dutch, German and Luxembourg law.
  • Advised longstanding client Wereldhave N.V. on its first green revolving credit facility.

Hogan Lovells International LLP

Hogan Lovells International LLP has a strong pedigree for handling cross-border finance transactions of the utmost complexity and significance for Dutch and international corporates, as well as private equity sponsors. The firm has a particularly strong reputation in public M&A bid financings. In addition, other areas of expertise include real estate finance, asset-backed finance and structured finance. In 2021, Wouter Jongen (who is an English and Dutch law qualified partner) acted for Mentha Capital on the financing of its acquisition of Multitubes. He also advises Royal Terberg Group on all of its global financing facilities, including bilateral, secured, unsecured and syndicated facilities. Jongen co-heads the team with Robert Masman. Siddharth Saxena was promoted to counsel.

Practice head(s):

Wouter Jongen; Robert Masman

Other key lawyers:

Dylan Goedegebuure; Siddharth Saxena

Testimonials

‘Expert knowledge of finance law. Entrepreunerial mindset.’

‘Wouter Jongen – Superb knowledge of pricing/terms in the market.’

‘The combination of relevant knowledge, customer focus and outstanding relationship skills makes the practice unique.’

‘Wouter Jongen – dedicated, great knowledge and outstanding relationship skills.’

Key clients

Royal Schiphol Group N.V.

Three Hills Capital Partners

Egeria

Parcom

Terberg Group

Waterland

Work highlights

  • Advised leading Dutch private equity firm Egeria on the financings supporting its acquisitions of Elastofirm and Social Blue.
  • Advised premier Dutch private equity fund Smile Invest (together with Rabo Corporate Investments as minority shareholder) on the financing supporting their investments in IGS GeboJagema, which is specialised in the development, manufacturing and validation of high-end, multi-cavity injection moulds in the healthcare market.
  • Advised Three Hills Capital Partners on a debt investment in Borealis Hotel Group, a market leader in the Benelux hospitality sector, with a successful track record of developing hotel projects across the region.

Houthoff

Houthoff‘s team covers a broad cross-section of transactions for borrower clients, including those relating to real estate developments and investments,  as well as financings and refinancings of large infrastructure investments. In 2020, André de Neve acted for Urban Industrial on a sale and leaseback transaction with PostNL, which included the financing of the acquisition of the mail sorting centres. Elsewhere, illustrative of the firm’s broad work portfolio, Jessica Terpstra (who divides time between London and Amsterdam) recently advised L. Catterton on the Dutch financing aspects of its acquisition of Birkenstock. Loet Venrooy heads up the practice.

Practice head(s):

Loet Venrooy

Other key lawyers:

Jessica Terpstra; André de Neve

Testimonials

‘Houthoff’s first-rate bank lending team has deep sector knowledge and a very strong and loyal client base built up by very commercial, pragmatic and client-focused partners and very stable teams. For the Netherlands, we feel they have few peers. They are very responsive, knowledgeable and have a good breadth of team members below partner who are extremely responsive, give excellent advice and always meet deadlines.’

‘Loet Venrooy, heading the practice, has a unique experience in advising on borrower-side financing work. He is a great problem solver and his knowledge of how to get things done is unparalleled. Loet moreover offers his clients an unparalleled degree of specialisation. Jessica Terpstra is admirable for her technical expertise and her wide spanning knowledge in the lending sphere, which is one of the best in The Netherlands. Her pragmatic and sharp advice is another key success factor for Houthoff’s finance team.’

Key clients

KBC

Municipality of Amsterdam

ABN AMRO Bank

ING Bank

Rabobank

Credit Suisse

NIBC Bank

BNP Paribas

Bank of America Merrill Lynch

Deutsche Bank

Petrobras

Royal VolkerWessels

Attestor Capital LLP

ASR

Work highlights

  • Advising Egeria Real Estate Development and FLOW Real Estate on the financing of the redevelopment of the Strawinskyhuis, located at the Zuidas in Amsterdam, the Netherlands.
  • Advising Tristan Capital Partners on the acquisition of a portfolio of approximately 700 residential units in the Rotterdam area, the Netherlands.
  • Advising Tristan Capital Partners on the acquisition of a portfolio of logistical assets throughout the Netherlands.

NautaDutilh

In addition to acting for clients on a standalone basis, NautaDutilh‘s group in the Netherlands works with the Dutch finance team in the New York office, which is led by Elizabeth Van Schilfgaarde. The firm also regularly works with international law firms on cross-border finance transactions. Arjan Pors leads the team in the Netherlands, which acts for listed companies and private entities, as well as Dutch and foreign sponsors. It has notable strengths in real estate finance and project finance transactions, and is also seen as a first port of call in acquisition finance and corporate lending matters. Elsewhere, Erik Geerling is a ship finance expert. Another name to note is David Viëtor, who was one of the advisers to Advent and Cinven on the financing of the acquisition of Thyssenkrupp’s elevator business in 2020.

Practice head(s):

Arjan Pors

Other key lawyers:

David Viëtor; Diederik Vriesendorp; Erik Geerling; Marc Orval; Michelle van Doren; Jinne van Belle

Testimonials

‘The team is very focused and applies their collective knowledge in a discrete manner. Always someone available. Furthermore, they have a practical and constructive approach to solving issues between parties.’

‘Consistent team over the years, long-term relationship, there are never issues with cost over-runs.’

‘Down to earth, helpful, reasonable advice.’

‘Very practical, great communication and response time, very good understanding of the market. Great value for money.’

‘Outstanding team. Excellent knowledge, good team working and excellent communication to the client. Fair and transparent billing.’

‘David Vietor is an outstanding lawyer. He has a wealth of legal knowledge and a fantastic client-serving attitude, always available to help his clients and making sure he gets the very best for them. He’s an excellent negotiator and what I also appreciate is that he always keeps his cool, no matter how complex or time-pressured the situation is. He is someone with a very high level of integrity who instils trust with his clients. It’s been a pleasure working with him this year.

Jinne van Belle is a rising star working in David’s team. He has excellent legal knowledge, is very diligent, responsive and knows how to communicate with his clients. He makes a great team together with David.’

Key clients

Achmea

AGT Foods and Ingredients, Inc.

Anthony Veder Group N.V.

Apax Partners

Avania Group B.V.

Bergman Clinics

BNP Paribas Fortis SA

Bottega InvestCo S.à r.l.

B.V. Holding Maatschappij Damen

The Carlyle Group

CBRE

Damen Shipyards Group N.V.

Damen Ship Lease Holding B.V.

Damen Shipyards Group

Eredivisie C.V.

ForFarmers N.V.

GSO Capital Partners

High Tech Campus Eindhoven

HSBC Bank Plc

HumanTotalCare B.V.

ING Bank N.V.

KBC Bank N.V.

Lincolnshire Management, Inc.

McDermott International, Inc.

National Westminster Bank Plc

NIBC Bank N.V.

NSI N.V.

Oxbow Carbon LLC

Royal Bank of Canada

Stadion Feijenoord N.V.

Sumitomo Mitsui Banking and Corporation Europe Limited

Venn Partners

Work highlights

  • Acted as Dutch counsel to McDermott International on multiple transactions regarding its 2020 financial restructuring.
  • Advised Next Private B.V. on its recommended all cash-offer in respect of all Altice Europe’s Euronext listed common shares A and B and the subsequent delisting of Altice Europe and acquisition of full control.
  • Assisted Amsterdam Commodities N.V. (Euronext: Acomo), the Amsterdam-listed trader in food ingredients, with its acquisition (and its acquisition finance) of Tradin (SunOpta’s international organic ingredients business comprising The Organic Corporation B.V. and Tradin Organics USA LLC).

Stibbe

Stibbe has a highly active borrower-side practice, with it advising clients on transactions involving acquisition finance, syndicated lending, real estate finance, project finance and debt refinancing, among other areas. In a key development, the firm made a significant investment in its banking and finance offering by hiring Marieke Driessen and senior associate Niek Groenendijk from Simmons & Simmons in January 2021. Driessen, who is dual-qualified to practise English and Dutch law, co-heads the team with Maarten de Bruin and Rein van Helden. Reflective of the firm’s strength in cross-border mandates, recent highlights included van Helden and senior associate Barbra Bulsing assisting Adevinta with the finance aspects of its $9.2bn acquisition of eBay Classifieds Group.

Practice head(s):

Maarten de Bruin; Rein van Helden; Marieke Driessen

Other key lawyers:

Robert Steeg; Niek Groenendijk; Suzanne van Boheemen; Barbra Bulsing

Testimonials

‘Marieke Driessen – we have worked with Marieke for several years, and we followed her when she moved to Stibbe. She has excellent knowledge of financing contracts, understands perfectly what we need as a borrower and is a good, persistent but fair negotiator. Marieke is easy to reach and quick to respond and delivers high-quality products.’

Key clients

Accel-KKR

AccorInvest

Advent International

Aedifica

AG Heylen Solar

Alois Kober

Ammeraal Beltech

Apax Partners

APG

Ardagh

ASM International

Athora

Axia

Bain Capital

Ballast Nedam

Banijay

Basic-Fit

Baupost Group

BCTN

Blackstone

British American Tobacco

Bugaboo

Carestream Health

Cerberus

Cimpress

Constellium

Core Equity

Ctac

Dossche Mills

Eastman Kodak

Elementis

EssilorLuxottica

ExxonMobil

Evos

Freeport-McMoRan

Frigoglass

Getinge

Hearthside

Heijmans

Heineken

HEMA

Holland Casino

ICL Group

Intercontinental Exchange (ICE)

Intertrust

ICL

IQ-EQ

Irish Life

KKR

KPS Capital Partners

Lindsay Goldberg

Lodha Group

Louis Vuitton

Lufthansa

Mars

Marubeni

Mitiska

Nextmune

NORRES

Opel Financial Services

PostNL

Q-Park

Rhône Capital

Robert Bosch

Smurfit Kappa

Time Warner

T.J. Ljungberg

Vandemoortele

Warburg Pincus

Wessanen

Whirlpool

Work highlights

  • Advised Basic-Fit on a number of notable finance transactions, including in relation to Covid-19 pandemic difficulties in the sector.
  • Advised HEMA’s management board on the implementation of a complex multijurisdictional restructuring and recapitalisation process. The transaction was very complex due to the multiple layers of debt and the various stakeholders of HEMA. The transaction was significant as HEMA is one of the largest retailers in the Netherlands, with 19,000 employees in nine countries.
  • The firm has been very active in the container terminal industry, advising leading terminal operators Evos, BCTN and Koole on substantial refinancing facilities, often accompanied by complex restructurings and reorganisations.

Baker McKenzie

Baker McKenzie is well-placed to advise global companies on multijurisdictional finance transactions, with its Netherlands-based team forming a key part of the international network of offices. The group in Amsterdam is jointly led by Corinne Schot and Fedor Tanke. Its wide-ranging expertise includes project finance, export and trade finance, acquisition finance, real estate finance and structured finance. In 2021, the practice was bolstered by the arrivals of Paul Goedvolk and Moussa Louizi from Eversheds Sutherland (Netherlands) B.V. and Clifford Chance respectively. Martijn van der Vliet joined Buren.

Practice head(s):

Corinne Schot; Fedor Tanke

Other key lawyers:

Paul Goedvolk; Moussa Louizi

Key clients

Matrix Innovation Center

Zenzo Tuindorp B.V.

Agristo

Work highlights

  • Assisted Matrix Innovation Centre N.V. as borrower’s counsel with the €75m covered bond financing of a portfolio of six existing buildings and one construction project with BerlinHyp AG as lender.
  • Assisted Zenzo Waddinxveen B.V., part of Zenzo Tuindorp, as borrower’s counsel with the €32m covered bond financing of a portfolio of four to be newly-built apartment buildings with 172 apartments in Tuindorp Utrecht, with BerlinHyp AG as lender.
  • Advised frozen potato product producer Agristo as lead counsel on its capital expenditure facilities. The facilities were for significant amounts, and business critical to the multi-year capex plans of Agristo.

CMS

Equally strong in domestic and multijurisdictional financing deals, CMS is well-known as a major player in the real estate finance arena. In one recent highlight, Eduard Scheenstra and Jenny Noordermeer were among the advisers to Supermarkt Fonds Nederland (managed by Annexum) on the acquisition and financing of a retail/commercial building in Sneek, the Netherlands. Elsewhere, the team has a wealth of expertise in other types of finance transactions, such as those involving leveraged finance, acquisition finance and project finance. Financial restructurings are also a driver of work. Marc van Zanten heads up the Dutch banking and finance practice, which is noted for its focus on the financial institutions, renewable energy, and hotels and leisure industries, in addition to being active in the real estate space.

Practice head(s):

Marc van Zanten

Other key lawyers:

Eduard Scheenstra; Etiënne Courbois; Jenny Noordermeer

Testimonials

‘Highly experienced team. Wide skill set. Client focus. Technical legal ability is excellent.’

‘The team did a fabulous job. They were very helpful and available at all times when we had queries.’

‘We are very happy with the team, especially Jenny Noordermeer, who was particularly helpful and proved to be a strong anchor of support during the challenging times.’

Key clients

Norinchukin Bank Europe N.V.

ING Bank N.V.

Rabobank

Yapi Kredi Bank

Amsterdam Trade Bank N.V.

Deutsche Pfandbriefbank AG

Erste Group Bank AG

Raiffeisen Bank AG

Landesbank Saarbrücken

HSBC Bank

Oaktree Capital Management

Münchener Hypothekenbank eG

Deutsche Hypothekenbank

Delin Capital Management

Capreon

Catella Real Estate

Macquarie

Work highlights

  • Advised Advanced Systems Concepts Inc, and its subsidiaries on the Dutch law aspects of the financing and acquisition of the Redwood Software Group, €315m.
  • Advised Midas International Asset Management Ltd on the acquisition and financing (€215m) of the newly constructed Zalando e-fulfilment centre. This transaction is the largest single asset logistics transaction ever in the Netherlands in terms of deal volume.

Dentons

Led by Marcel Janssen, Dentons‘ team has had a notable uptick in real estate finance work and it has also been active in matters connected with sustainable/ESG investing.  Elsewhere, the firm has a stand out reputation in the project finance arena and it generates a strong flow of export, trade and commodity finance transactions. Recent highlights included Janssen advising Nestr Smart Finance on a €3bn platform created by Citi and Dutch Mortgage Services that will enable wealthy customers to invest in Dutch residential property. In addition, Janssen, Jacqueline Bell and counsel Jack Schrijver assisted Savills Investments with closing the financing of its Geminus real estate portfolio.

Practice head(s):

Marcel Janssen

Other key lawyers:

Jacqueline Bell; Jack Schrijver; Todd Crosby

Testimonials

‘Capable and easy to communicate with.’

‘Well informed about the real estate market, responsiveness, business savvy, expert, pragmatic approach.’

‘Marcel Janssen (partner) leads a modern team. In our view very underrated compared to his peers. He is well informed about the project/energy (finance) market. His responsiveness is just impressive. In our long-term working relationship we consider him as a strategic partner. Very business savvy and not shy at all to fight for his clients.’

‘Marcel Janssen (partner) is team leader but on top of his cases. Fully deal focussed and loves to get the deal done.’

Key clients

STX Group

Kohlberg Kravis Roberts

Gibson

Savills IM

Invel

Forma

Starwood

Aventicum

Bluefield

Breevast

CTF

Penta

CTP Property

TBM Europe B.V.

Round Hill Capital

Work highlights

  • Advising Champion Pet Foods on a $336m financing, including advice in connection with a broader Canadian group financing and assistance with the accession of several Dutch companies to the group financing, including the negotiations on the related security package.
  • Advising Round Hill Capital on a €27m financing for the acquisition of three residential properties in the Dutch towns of Diemen, Leiden and the Hague, and separately advising them in relation to the junior and senior financing of the acquisition of a 703-bed student accommodation development for its third PBSA site in The Netherlands.
  • Handled a series of financings for CTP, one of the biggest logistics developers in Central Eastern Europe. The firm has a long relationship with CTP and assists it on an ongoing basis with its financings, most of which fall in the €80-€100m range.

DLA Piper

DLA Piper has a strong track record advising corporate borrowers and private equity sponsors on complex transactions that often involve a combination of different types of finance. The team is led by Lex Oosterling, who has particular expertise in financings where corporate financing is combined with an asset-based financing element. In 2020, he worked with Adam Abou Habaga to advise Royal A-ware Food Group on a €330m ESG-linked asset-based and corporate financing provided by Rabobank, ING Bank, ABN AMRO Bank and KBC Bank. Also notable is that Oosterling co-heads the real estate finance practice with Stephanie Menz. Max Mayer is another key individual in the group, whose many other areas of strength include leveraged/acquisition finance, renewables finance, project finance and non-performing loans.

Practice head(s):

Lex Oosterling

Other key lawyers:

Max Mayer; Stephanie Menz; Adam Abou Habaga; Nine Scheenjes

Testimonials

‘Hands on team, proactive and available. We felt fully supported by DLA and were glad to have chosen them to represent us for our crucial refinancing.’

‘We were especially impressed with the support of Adam Abou Habaga. Adam was always available and able to advise with “out of the box” alternatives and hands-on solutions. He proved to have mastered an understanding of our business in a short amount of time, allowing him to provide tailored advice.’

Key clients

Torqx Capital

EMK Capital

Bencis Capital

Carlyle Europe Technology Partners

Carlyle European Realty Fund

Ergon Capital

Egeria

G-Square Capital Partners

IK Invest

Parcom Capital

NPM Capital

Avedon Capital Partners

RAI Convention Centre

ACT Commodities Group

Royal A-ware Food Group

Royal Paardekooper

The Greenery

TIP Trailer Europe

Talpa Network

Royal Boskalis

Riwal

VolkerWessels

Van Adrighem

Work highlights

  • Advised ACT Commodities Group and ACT FS Group on the ESG-linked asset based and corporate financing provided by Deutsche Bank, ING Bank and Rabobank.
  • Ongoing advice to global logistics group TIP Trailer (including its subsidiaries in Belgium, Germany, Sweden, Spain, Romania, Poland, Canada, Norway, Ireland, United Kingdom, France, Finland, Denmark, Czech Republic, Austria, Italy) in connection with its secured borrowing base financing arranged and provided by, among others, ABN AMRO Bank, Bank of China, Commerzbank, Rabobank, HSBC Bank, ING Bank, KBC Bank and NIBC Bank.

Lexence

Charles Destrée heads up the banking and finance practice at Lexence, which combines transactional and regulatory expertise to handle a myriad of issues for borrower clients. On the transactional side, Destrée (who is experienced in both domestic and cross-border finance transactions) has a notable focus on real estate finance. Elsewhere, the team is sought after for advice on leveraged and corporate lending transactions. Bas Zandvliet is another key individual.

Practice head(s):

Charles Destrée

Other key lawyers:

Bas Zandvliet

Testimonials

Personal contact, easily reachable and strong market knowledge.

Very efficient deal management.’

Each attorney is very responsive.

Key clients

Gencap Partners, Inc

Modern Dental Group

Waterland Private Equity

UnieKaas Beheer B.V.

Flextronics International Europe B.V.

Kirloskar Brothers Limited

Uniface B.V.

Intertrust

Agro Merchants Group/Oaktree

MSREF

H2 Private Equity

Loyens & Loeff

Loyens & Loeff's banking and finance team provides specialist advice to borrowers on a wide range of transactions, under the leadership of Willem Jarigsma, who is a partner in the London and Amsterdam offices. The team in the Netherlands includes Kim Koops, who leads the real estate finance practice, and transportation finance head Ehsan Shirzadi. In addition, Gianluca Kreuze spearheads the corporate and acquisition finance offering. Elsewhere, project finance transactions are another area of activity for the group. In 2020, Koops led the advice to Highbrook Investors on financing the acquisition of a portfolio of circa 30 light industrial assets located throughout the Netherlands.

Practice head(s):

Willem Jarigsma

Other key lawyers:

Gianluca Kreuze; Kim Koops; Ehsan Shirzadi; Ruben den Hollander

Key clients

De Poli Tankers

M7 Real Estate

Blackstone

Pamplona

Breevast

Parcom Capital Management

HighBrook Investors

Arcadis N.V.

Angelo, Gordon & Co.

Equity Estate

LCI (Lease Corporation International) Aviation

Simmons & Simmons

At Simmons & Simmons, Jan-Joost van Rijsbergen and Marieke Driessen left the firm in 2020 to join Bond Advocaten and Stibbe respectively, however, the finance practice has since been bolstered by the arrival of Ivo van Dijk from Freshfields Bruckhaus Deringer in April 2021. Van Dijk has notable experience of corporate and real estate finance transactions, in addition to having acquisition finance expertise. Corporate clients also turn to the firm for project finance advice, as well as assistance with corporate treasury transactions.  With the Amsterdam team being integrated into the global network, cross-border work is a mainstay of the practice. In one highlight, van Dijk was part of a cross-office team which recently acted for Gaush Medical Corporation on the financing of the acquisition of the Oculentis group by several banks.

Practice head(s):

Ivo van Dijk

Testimonials

‘New team with Ivo van Dijk as partner that moved to Simmons & Simmons from Freshfields Bruckhaus Deringer. Strong expertise, both on regular real estate financing transactions as well as structured finance.’

‘Ivo van Dijk is a very capable and excellent lawyer that supported and advised our company in numerous transactions. Hard worker, easy to contact, pleasant and fun to work with and always delivering quality.’

Key clients

Gaush Medical Corporation

Gilde Equity Management (GEM) Benelux

Freepoint Commodities LLP

Stichting AndGreen.Fund

Hines

Plukon Food Group

Venture Life plc

Certitudo Real Estate

Eurocommercial Properties N.V.

Work highlights

  • Advised Gilde Equity Management on a term and revolving facilities agreement to Leen Bakker and Kwantum for the acquisition of Kwantum Group B.V., the refinancing of financial indebtedness and general corporate and working capital purposes.
  • Advised Gilde Equity Management in relation to a senior secured facilities agreement to the Vereenigde Havezathen-group for the acquisition of Vereenigde Havezathen and the (re)financing of existing financial indebtedness of the company.
  • Advising longstanding client Plukon on certain amendments made to its secured financing arrangement and including various acquired subsidiaries to the Obligor group.

Van Doorne

Complementing its work for lenders, Van Doorne generates work from borrower-side clients such as private equity houses, real estate funds and Dutch/international investors, as well as public sector entities. One of the names to note at the firm is Stefan van Rossum, whose expertise includes leveraged finance, project finance and asset-based lending. He co-heads the practice with Angelique Thiele, who specialises in real estate and development finance. In a recent highlight, Thiele led the advice to prime German real estate fund Patriza on facilities obtained from ING and other lenders for the purpose of refinancing its existing residential portfolio and an office conversion. Leveraged finance expert Roel Botter is also recommended.

Other key lawyers:

Roel Botter

Testimonials

‘Professional and pragmatic advice. Solution-driven, commercial, transparent and reasonable billing.’

Key clients

Aluminium Delfzijl

Annexum

BentallGreenoak (Equity)

CEVA Logistics

Cromwell Property Group

EdR REIM

FRS Windcat

Garbe

`s Heeren Loo

LUKOIL

McArthurGlen

Mogelijk Vastgoedfinanciering

Multilease

Norgine

Ocuco Limited

Patrizia

Quadoro

Radboud UMC

Repsol

Snippe Beheer; Hyde Park Hoofddorp

Stern Groep N.V.

Tergooi

Teva Pharmaceuticals

TransIP / team.blue

Tristan

VU Medical Centre

Yandex

Work highlights

  • Advised ‘s Heeren Loo on its €200m financing from the European Investment Bank for its 2020-2024 investment program and the implementation thereof with other financings of ‘s Heeren Loo, the first EIB healthcare financing in the Netherlands outside the hospital sector.
  • Advised MultiLease on the securitisation of its car lease portfolio by means of a securitisation that meets the STS requirements.
  • Advised Annexum Beheer with respect to the €140m financing of its acquisition of the Jumbo supermarket property portfolio with ABN Amro Bank as arranger, underwriter and original lender.

BarentsKrans

Led by Jason van de Pol, the team at BarentsKrans handles domestic and cross-border transactions for corporate borrowers from sectors such as construction, food and agriculture, hotels and leisure, oil and gas and chemicals. The firm also has a particularly strong profile in the financial services sector, where it generates mandates from clients ranging in size from start-up companies to large multinationals. In a recent highlight, van de Pol led the advice to Zwanenberg Food Group on the financing aspects of its acquisition of Struik Foods Europe and its subsidiaries. The group also includes Michiel Martin.

Practice head(s):

Jason van de Pol

Other key lawyers:

Michiel Martin

Testimonials

‘Thorough legal knowledge applied to the case.’

‘The hands-on approach together with their up-to-date knowledge of the market.’

‘Their technical skills together with their accessibility.’

‘Easy access to the partner (not only at the start of the project, but throughout…).’

‘They were knowledgeable and responsive and readily able to handle English language documents and inquiries.’

Key clients

Ampleon

Borealis Hotel Group

BMW

BRAC International

Cornelder Holding

Dominion Colour Corporation

Ecorus

Saudi Aramco

Zwanenberg Food Group

Ducor Petrochemicals

Urban Gym Group

Huisman Equipment

Bosal

Mid Ocean Group

Quintes Holding

Amvest

Ecorus

MSA Safety

Altor

Amstelside

Work highlights

  • Advised Zwanenberg Food Group on its group financing with a consortium of banks.
  • Advised Borealis Hotel Group on its group financing with Three Hills Capital Partners and Rabobank.
  • Advising Ampleon on its group financing with a consortium of banks.

Bond Advocaten

A major development at banking and finance boutique Bond Advocaten saw Jan-Joost van Rijsbergen join the firm from Simmons & Simmons in September 2020. He works with Joannes de Bont, with both practitioners having over 40 years of experience collectively as international finance lawyers. The practice has a particular focus on real estate finance and project finance, although other drivers of activity include transactions involving acquisition finance, asset finance and syndicated loans. Borrower clients include domestic and international corporates, private equity investors and investment funds.

Practice head(s):

Jan-Joost van Rijsbergen; Joannes de Bont

Testimonials

‘Very experienced team. Very efficient and practical approach. Small and nimble firm. Excellent value for money.’

‘Bond Advocaten has response times similar to much larger firms. Many years of experience and deep understanding of financing transactions makes them effective advisers for both lenders and borrowers. They provide very practical and cost-efficient service. Good value for money.’

‘Jan-Joost van Rijsbergen is particularly good. He brings many years experience of project finance and corporate lending.’

‘We work with Joannes de Bont, who is always available. He is a seasoned lawyer who is there to really see where he can help his clients and will always stay calm and friendly and willing to take a commercial approach.’

‘Bond Advocaten is very dedicated niche law firm in the field of banking and finance law. They are able to maintain a thorough insight into the organisation and business of the client and are therefore able to adjust and adapt easily to new or unexpected situations during a transaction. This flexibility comes from a good understanding of the client’s business and a well-maintained relationship with the client.’

‘Bond Advocaten is a true boutique firm, headed by partners with years of experience in the field of finance facilities, while remaining focused on achieving the best possible outcome for their clients in the most efficient and pragmatic way.’

‘Joannes de Bont is experienced and has great knowledge, he is incredibly responsive and very practical. In multiple transactions under high pressure, he has been able to get a great deal done fast.’

‘Being successful and good as an attorney depends on in-depth knowledge of the subject matter and the ability to advise on those risks that are relevant to the client. Bond Advocaten is the kind of niche firm that combines the best of top-end knowledge and spot-on advice in the banking and finance sector.’

Key clients

Apax

Arcus Infrastructure Partners

Betty Blocks

Credit Linked Beheer

E-Fiber

ENGIE

Holland Casino

Keolis

Patricia Industries

Petro Ventures

Triple Jump

Triodos Bank

Wehkamp

Wessanen (currently Ecotone)

Victus Participations

Work highlights

  • Advised Arcus Infrastructure Partners/E-Fiber on the financing by ABN Amro and Rabobank of the expansion and roll-out of its Fibre to the Home (FTTH) network, which was accelerated by the steep increase in home working and home schooling due to the Covid-19 pandemic.
  • Advised ENGIE on the financing of three solar parks and one wind park (project finance) by ING Bank N.V.
  • Advised Holland Casino on its ongoing financing arrangements, any amendments thereto and related advice.

Heussen B.V.

Heussen B.V. is particularly known for handling cross-border banking and finance transactions for foreign and multinational clients. Martijn Koot leads the team, whose transactional experience spans areas such as trade finance, structured finance and commodities finance. It recently handled matters for corporate borrowers operating in areas such as digital/technology, chemicals, mining and hospitality. The group also includes Tim Schreuders and recently promoted partner Sandy van der Schaaf.

Practice head(s):

Martijn Koot

Other key lawyers:

Tim Schreuders; Sandy van der Schaaf

Testimonials

‘Lawyers are well versed in their area and responsive to legal concerns of Canadian and US entities. We are able to place a lot of trust in their team to get the job done.’

‘Tim B. Schreuders, Martijn B. Koot and Sandy van der Schaaf are among the best at what they do. They are dynamic, forward-thinking lawyers who are proactive to client problems.’

‘Heussen’s banking team integrates broad experience across industries and practices which allows them to capably support complex cross-border transactional projects. They are efficient and responsive. Heussen is my go-to law firm in the Netherlands for banking and finance matters.’

‘Sandy van der Shaaf, the recently promoted partner, is an outstanding lawyer, very client-oriented and always available to assist. Martijn Koot, the lead partner of the banking and finance team, is also an outstanding legal professional.’

Key clients

Agnico Eagle Mines Limited

Littelfuse, Inc.

Belden Inc.

Vantage Drilling International

Yamana Gold Inc.

International Flavors & Fragrances (IFF)

Essity

Sutherland Global

Work highlights

  • Acted as Dutch legal counsel to Sutherland Global, a leading process transformation company, on the refinancing of its existing credit facility, involving a large number of different jurisdictions.

Orange Clover Law

Orange Clover Law‘s strengths in finance transactions and regulatory work make it a go-to for clients such as private and publicly-listed companies, private equity houses and investment funds. The finance team, which is led by Kees Hooft, has expertise in acquisition finance, corporate lending, trade finance, project finance and financial restructuring, among other areas. Alex Gonzalez is a financial regulatory expert. The firm has gone from strength to strength since its inception in 2014, winning both direct instructions from clients and referrals from international law firms.

Practice head(s):

Kees Hooft; Alex Gonzalez

Other key lawyers:

Anita Koster

Testimonials

‘Top-class legal work, pleasure to work with.’

‘Kees Hooft is strong on the legal work, delivers high-quality legal work, is pragmatic and can come into a difficult negotiation and provide an easy solution.’

Key clients

Corum Origin

MCB

Plus Holding

Hoogvliet Super

Capital A (formerly ABN AMRO Participaties)

Stichting Warmtefonds

Avedon Capital Partners

Gilde Buy Out Partners

ProDelta

Plantise Holding

Triton

Work highlights

  • Acting as borrower’s counsel to Stichting Nationaal Warmtefonds, the Dutch energy transition/reduction fund in respect of (a) its €250m financing from CEB, (b) its €325m financing from Rabobank and (c) its €150m additional financing from EIB.
  • Acting as sponsor/borrower counsel to Capital A (previously named ABN AMRO Participaties) on its investment in Tromp Medical House, a distributor and service provider of medical imaging equipment.

Osborne Clarke

Osborne Clarke generates a significant volume of mid-market finance transactions, under the leadership of practice head Axel van der Staak, with a focus on real estate finance, renewable energy finance and general corporate lending. Other workstreams include financings for leveraged buyouts and restructurings. Senior associate Peter van der Horst is another key individual in the team.

Practice head(s):

Axel van der Staak

Other key lawyers:

Peter van der Horst

Testimonials

‘Nice team, people have the know-how and are pragmatic, which is a strong quality.’

‘Very commercial rates, excellent and quick advice.’

‘Axel van der Staak is appreciated because of his in-depth knowledge of the specifics of banking/loan agreements. He knows when to push back. He is easy to work with.’

Key clients

Angelo Gordon & Co, L.P.

Cairn Real Estate B.V.

Aspen Real Estate Investments B.V.

Silicon Valley Bank

Deutsche Leasing Finance GmbH

CV City Harbour Hotel

Vagomij Langstraat B.V.

Tree Eclipse B.V.

NewCold Coöperatieve U.A.

Guggenheim Credit Services LLC

HSBC Bank plc

Barclays Bank plc

Santander Bank plc

Work highlights

  • Advising AG Beursplein Rotterdam Coöperatieve U.A. (the borrower) on its €90m investment and development facilities agreement with ABN AMRO and Rabobank in connection with the iconic Beursgallery in Rotterdam.
  • Assisting InTheCity Fund for Joint Account with obtaining €90m worth of original and follow-on financing from ABN AMRO.
  • Advising Angelo Gordon and APF International on a €54.5m investment and development facilities agreement with Edmond de Rothschild in connection with the District West office centres of Telegraaf Media and APG.

Stek

Stek has a stand out reputation in healthcare/hospital financings, and it has also seen an uptick in sustainability-related project finance transactions. Elsewhere, the firm is seen by borrower clients (including large corporates and sponsor-held portfolio companies) as a go-to for advice on acquisition and leveraged finance transactions, as well as general corporate lending. The practice is jointly led by Herman Wamelink, Maarten van der Graaf, Frans Haak and Sharon Kaufmann. Guy Pegels was promoted to counsel. Another key counsel of note is Marleen Veenstra, who is a recent arrival from ABN AMRO Bank.

Practice head(s):

Herman Wamelink; Maarten van der Graaf; Frans Haak; Sharon Kaufmann

Other key lawyers:

Marleen Veenstra; Guy Pegels

Testimonials

‘Responsive and commercial.’

Key clients

BlackFin / CED Group

CleanLease

Egeria

Gilde Equity Management

Kees Smit

Klaas Puul

Work highlights

  • Advising Gilde on the financing of its acquisition of Andus Group.
  • Advising garden furniture company Kees Smit on an asset- based financing transaction.
  • Advising the company CleanLease (provider of integrated textile products and services) on a refinancing transaction.