Private equity in Netherlands
Allen & Overy LLP
At Allen & Overy LLP, co-head Karine Kodde advised Egeria on the acquisition of Trust International from its founder Michel Perridon. Fellow practice head Annelies van der Pauw is a key name for public M&A work and Jasper de Jong was promoted to the partnership. Other clients include Bencis Capital Partners, Parcom Capital and Investcorp.
Clifford Chance acted for longstanding client APG Asset Management on its acquisition of a 75% stake in Open Tower Company, from Rabo Bouwfonds Communication Infrastructure Fund; group lead Hans Beerlage and Mark Jan Arends led on the matter. Arends is working with Gregory Crookes in advising 3i on its acquisition of a personal care brand from Egeria. Thijs Alexander, Jeroen Thijssen and counsel Line Poliquin are other names to note.
The team at De Brauw Blackstone Westbroek is led by Lennard Keijzer. Amsterdam-based Paul Cronheim advised CVC on selling its majority stake in an energy efficiency service provider for €4.5bn and Arne Grimme handled the €10.1bn sale of AkzoNobel’s specialty chemicals division. Klaas de Vries is also noted.
Freshfields Bruckhaus Deringer
At Freshfields Bruckhaus Deringer, practice head Shawn der Kinderen acts for clients including CVC Capital Partners. In recent work, Dirk-Jan Smit advised an indirect subsidiary of JPMorgan Chase & Co on the sale of a 75% controlling interest in the Schoeller Allibert Group to Brookfield Business Partners and Alexander Doorman led advice to EQT on its acquisition of Curaeos, a pan-European dental services platform, from Bencis Capital Partners. Hanneke Rothbarth and senior associate Saloua Ouchan are also noted.
Houthoff fields 'a very smart and capable team' that is 'bright and easy to work with'. The group advised TMF on its ultimately abandoned IPO and eventual entire share sale to CVC Capital Partners. Counsel and energy sector specialist Kristen Berger was a new arrival from Stibbe. Bram Caudri and Michiel Pannekoek are also noted. Jan-Paul van der Hoek left the firm.
Loyens & Loeff’s department is integrated into its well-regarded M&A team. The practice is jointly led by Harmen Holtrop and Herman Kaemingk, whose clients include CVC Capital Partners and ING Corporate Investments. In recent work, the group advised Caryle on its acquisition of the special chemicals division from Akzo Nobel. Bas Vletter, Roel Fluitis and senior associate Antoinette van der Hauw are other key names.
The team at NautaDutilh, which is based across the firm's Amsterdam and Rotterdam offices, integrates corporate and finance lawyers, tax advisers and civil law notaries, to offer a multi-faceted service. Joost den Engelsman, Lieke van der Velden and Gaike Dalenoord are the practice heads. The team acted for Nutria, an animal nutrition company, on its international auction sale to Bluestar Adisseo for $193m.
Jones Day’s department is led by Floris Pierik, and has a focus on the TMT, life sciences, consumer products, technology, real estate, chemicals and energy sectors, among others. Pierik is advising US private equity fund Arsenal Capital Partners on the controlled auction of its Dutch portfolio company IGM Resins. Recently promoted counsel Bastiaan Kout is a 'stand-out' name. Other team changes include the arrivals of Ton Schutte from De Brauw Blackstone Westbroek and Ate van IJlzinga Veenstra, Quirine Eenhorst and senior associate Marierose Kouwenberg from Clifford Chance.
Linklaters has core strengths advising on the establishment of new PE funds, including assisting them with investments, as well as acting for major clients on some of the largest European deals. Jan Willem de Boer and counsel Anouk Oosterom led advice to Unilever on the leveraged buy-out of its spreads business by KKR for €6.8bn.
Simmons & Simmons fields 'a very hands-on team with good mid-market capabilities', which is 'highly capable of seeing issues on the deal and finding resolutions' and is 'able to handle highly charged situations with key stakeholders such as management very well'. Practice head Leo Verhoeff advised Gilde Equity Management on the €100m exit sale of one of its portfolio companies. Pieter van Uchelen, who is 'an exceptional senior lawyer', acts for clients including Arcus Infrastructure Partners and Aegon. Martijn Stuart is also singled out. Qualium Investment is also a client.
Clients praise Stek for delivering ‘partner attention whenever it’s needed’ and for providing 'a good balance between legal knowledge and business interest'. In recent work, Eelco Bijkerk acted for Rotterdam Port Fund on its investment in Tagpoint and assisted Bencis Capital Partners with the sale of a packaging company to Jindal. Dierik Cras, who is noted for his 'sharp brain', is advising Ponooc on the sale of its wind turbines portfolio company. Maarten van der Graaf and senior associate Malu Dijkstra are other names to note.
At AKD, the team is 'effective in analyses and negotiations'. In recent work, it acted for Landgoed Oranjewoud Participaties on the acquisition of an iconic hotel from the Bilderberg Group. Nathalie van Woerkom leads the team, which also includes François Koppenol and Lennart Crain, who is 'highly knowledgeable on both legal and financial matters'.
Lexence 's ‘high quality’ team is led by Luc Habets and Michiel van Schooten. Habets assisted Standard Investment with selling its share of a bakery business to Egeria and Van Schooten advised Endeit Capital on making an investment in Chronext, a luxury watch re-seller, for €28m. Wouter Helder and Joost Houtman are also notable names.
Van Doorne is a popular choice for sponsors and management. Practice head Onno Boerstra advised the board and senior management of Akzo Nobel on their participation in the company's €10.1bn acquisition by The Carlyle Group. In other work, Jeroen Sombezki assisted Atomico Ventures with its €51m investment in cloud communications company MessageBird. Friso Foppes and Dimitri van Hoewijk are also recommended.
deBreij is 'a specialised M&A boutique with in-depth knowledge and expertise in the mid-market segment in the Netherlands'. Joris Boon advised one of the two selling founders and shareholders on the sale of all shares in the share capital of Bugaboo to Bain Capital. Dennis de Breij is 'experienced', Laura Overes is 'an outstanding lawyer' and recently promoted partner Gaston Freijser is also recommended. Senior associate Maurits Hofman was a new arrival in 2018.
Orange Clover Law
Pien van Veersen leads the team at corporate and finance boutique Orange Clover Law. The practice counts Gilde Buyout Partners and Baltisse among its clients. Machiel Galjaart and Mark Loefs are key names. Managing associate Christopher Parker was a new arrival from De Brauw Blackstone Westbroek in 2018.