Project finance and PFI in Netherlands

Allen & Overy LLP

Providing a ‘very knowledgeable team with a pragmatic approach in the project finance space’, Allen & Overy LLP brings together experts in project financing, project development and regulatory law as well as procurement and construction, permitting, environmental and real estate issues. Particular strengths for the firm include renewables projects, including rooftop solar and wind (offshore and onshore) matters, litigation, data centre work, PPP and PFI mandates. Leon Hoppenbrouwers co-leads the team with Zeeger de Jongh, who ‘knows the market, has a wealth of experience and is able to connect both finance and project issues’; Jochem Spaans, who focuses on industry, climate change and energy projects; and counsel Werner Runge, who specialises in project financing and other structured financing transactions. Another key name in the area is senior associate Grace McLeish, who specialises in banking and finance issues with an emphasis on project finance, structured finance and leveraged finance work.

Practice head(s):

Leon Hoppenbrouwers; Zeeger de Jongh; Jochem Spaans; Werner Runge

Other key lawyers:

Grace McLeish

Testimonials

‘The team is nimble and able. The partner, Zeeger de Jongh, keeps good track of the associates. The associates are able to work alone and understand the client needs. All in all a very pleasant team to work with.’

‘Zeeger de Jongh (partner). He knows the market, has a wealth of experience and is able to connect both finance and project issues. Zeeger can utilise different negotiation techniques and hence adapts to the circumstances. Above all, he is a pleasant person to work with!’

‘Zeeger de Jongh; Intellectually very sharp. Fast thinker during negotiations. Is able to place himself in the position of his client. Creative in looking for solutions.’

‘Strong, hard-working team with a lot of sector and market knowledge. Very pragmatic.’

‘Grace McLeish is very smart and pragmatic/accommodating at the same time.’

‘Very knowledgeable team with a pragmatic approach in the project finance space!’

‘Client (borrower) centric approach, teams keeps an eye on the operational process of the borrower. Team member almost always promptly available.’

‘Highly skilled and dedicated team with a deal team that remained unchanged during the whole project period (over 1 year). Very strong, transparent and short communication lines. Good feeling with our business and able to make proper translations to stakeholders with focus on closing the deal. Finally, a very pragmatic approach to accelerate the closing process.’

Key clients

GelreGroen B.V

SwifterwinT op Land B.V.

Zonnepanelendelen B.V

Work highlights

  • Acted as lenders’ legal advisers in relation to the development, contracting and financing of SwifterwinT’s wind farm.

Clifford Chance

Known for new developments, complex financing structures and innovation, Clifford Chance is ‘clearly experienced and capable of providing not just the work but also the insights with an aim to create value for the project’. The firm specialises in new and innovative financing structures, acting for borrowers as well as lenders, a particular forte being portfolio financings in the wind and solar sectors. Key areas of work for the practice include advising on data centres and fibre networks, and matters in the energy and renewables, telecoms, oil and gas, and petrochemicals arenas. Team head Hein Tonnaer focuses on projects and project finance issues. Other key names in the practice are consultant Jaap Koster, who has expertise in real estate developments, transactions and projects; renewables and infrastructure projects specialist Liesbeth Buiter; and counsel Mike Niekoop, who handles projects and project financing, real estate finance, leveraged finance and asset-based finance transactions.

Practice head(s):

Hein Tonnaer

Other key lawyers:

David Woolmer; Priyanka Paunrana; Philip Walsh; Rutger Dekker; Carlijn Tenge; Liesbeth Buiter; Mike Niekoop; Jaap Koster

Testimonials

‘Team specializing in structured export finance. Very professional, dedicated, fast response time and “problem solving” approach.’

‘Work with David Woolmer and Priyanka Paunrana. Very experienced and professional, dedicated and available outside regular office hours, fast response time and result oriented.’

‘We were looking for knowledge, insight and experience while flexibility within the team was key. The CC team is clearly experienced and capable of providing not just the work but also the insights with an aim to create value for the project. The latter is key for project finance because such value will ultimately benefit all key stakeholders. This is clearly different from many other firms where quite often an individual is driving the deal. Also the broad experience of the team is valued because it can set the pace while your counter part / lawyer is lagging behind.’

‘Hein Tonnaer is capable of bridging legal needs and business ambitions. This makes you come back for more and pushes us as a client to continuously seek improvements and the like. Philip Walsh is a great support to the project and stable engine to make things spin. His drafting skills are really making the difference in our project documentation. Rutger Dekker is not just the next senior lawyer, but he takes full responsibility for a big part of the challenge. The way Rutger, Philip and others in the team interact provide great comfort.’

‘We selected Clifford Chance as they really stood out, most notably in terms of understanding the project and its background and providing valuable insights and learnings. Clifford Chance is acting as lead counsel for the project including advice re EPC and project finance.’

‘We primarily work with Hein Tonnaer. He is no less than a star. Friendly and easy going, but with rock solid skills and knowledge. Hein has impressed us with his sector knowledge and providing real valuable learnings even before project start.’

‘It shows that this team is used to cooperating together and a lot of aligning going on behind the scenes which makes them really hands on to work with.’

‘Liesbeth Buiter and Hein Tonnaer are a great team, approachable, transparent and fun to work with. Carlijn Tenge is a rising star within the team.’

Key clients

ENCAVIS AM Management GmbH

Kroningswind B.V.

SwifterwinT op Land B.V.

Blue Elephant Energy AG

Coöperatieve Rabobank U.A.

ING Bank N.V.

NIBC Bank N.V.

ABN AMRO Bank N.V.

SkyNRG BV

Vattenfall

Mitsubishi Corporation

Standard Bank of South Africa

Tikehau Investment Management

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)

Work highlights

  • Advising SkyNRG BV, the project company, on a sustainable aviation fuel plant being developed in the Netherlands.
  • Advised Blue Elephant Energy AG, the Hamburg-based independent operator of solar and wind farms, on the acquisition and financing of four construction-ready photovoltaic parks in the South East and East of the Netherlands with a combined capacity of 47MW.
  • Advised Encavis Infrastructure Fund III on the acquisition of the Zonnepark Vlagtwedde solar farm from Impax Asset Management.

Norton Rose Fulbright

Norton Rose Fulbright has experience in domestic and international PPP projects, particularly in major PFI infrastructure projects and in the power and renewable energy sectors. The firm combines strengths in infrastructure and banking and finance issues, as well as expertise advising on biomass power plants, solar energy parks, wind farms and tank storage terminals in the Netherlands. Another specialism for the practice is construction contracts, where it assists with operation and management agreements, permitting issues and the financing of the projects. Wouter Hertzberger  is a structured finance transactions expert and leads the team, which includes Daphne Broerse, who advises private parties and governmental authorities on large-scale energy, infrastructure and commercial developments. Other key names in the area are associate Ania Gorna, who handles a range of project finance matters, and Omar Salah, who joined from De Brauw Blackstone Westbroek in 2021 and brings borrower side expertise.

Practice head(s):

Wouter Hertzberger

Other key lawyers:

Ania Gorna; Daphne Broerse; Omar Salah

Key clients

Ballast Nedam Concessies

Besix

DEME Group

Dura Vermeer

EIB

BBGI

Foresight Group LLP

Heijmans Nederland

John Laing

Macquarie Capital

Meridiam Infrastructure

Ørsted

Strukton Integrale Projecten

TBI PPP

Zouk Capital LLP

Work highlights

  • Advised B.V. Wibautstraat 224 (an entity owned by Dutch real estate investor Dijkhuis Vastgoed Management) that has entered into a loan agreement for an amount of €30m with Berlin Hyp AG as lender, for the refinancing of the Renaultgebouw at Wibautstraat 224, for which the mortgage was renewed.
  • Advising Rabobank and Commerzbank on the provision of financing to the Republic of Ghana, acting through the Ministry of Finance for the dredging services related to the Elmina Fishing Port Rehabilitation and Expansion Project in Ghana.
  • Advised Kroningswind concerning the financing of a 80MW on-shore wind farm in the Netherlands, which will consist of 19 wind turbines and will be developed by Kroningswind B.V.

Pels Rijcken & Droogleever Fortuijn NV

As the go-to representatives for the state and government authorities, Pels Rijcken & Droogleever Fortuijn NV is very active in key infrastructure and energy sector projects, advising the contracting authorities of most of the major PPP/PFI deals in the Netherlands. The firm advises across the full project lifecycle, with significant experience in disputes arising from the area. In addition to its domestic public sector work, the practice assists corporate and international clients, including Siemens, ProRail, the Aruba Airport Authority and the government of Aruba, with a range of projects and project finance matters. Mark Birnage  leads the team and specialises in the procurement and contracting of major PPP projects and concessions. Also active in the area is senior associate Jeanile Weyne, who focuses on construction and procurement law.

Practice head(s):

Mark Birnage

Other key lawyers:

Maarten van Rijn; Jeanile Weyne

Key clients

State of the Netherlands, Ministry of Infrastructure and Water Management, Rijkswaterstaat

State of the Netherlands, Ministry of the Interior, Central Government Real Estate Agency

State of the Netherlands, Ministry of Defence

ProRail

Siemens Nederland

Aruba Airport Authority

City of Amsterdam

City of Rotterdam

City of The Hague

Province of Noord-Holland

Province of Overijssel

Province of Gelderland

Province of Zuid-Holland

Work highlights

  • Represented the State of the Netherlands in alternative dispute resolution proceedings for a €140m claim brought by the Contractor in the Zeetoegang IJmond PPP project.
  • Advised the State of the Netherlands on the execution of the €850m Via15 road PPP project.
  • Advised the joint project organisation of the State of the Netherlands, the City of Amsterdam and ProRail on the retendering of the €1bn Zuidasdok project.

Bird & Bird

Combining expertise in project finance, infrastructure, renewable energy and construction mandates, Bird & Bird’s multidisciplinary team handles a range of matters, with particular strength in digital infrastructure issues. The firm has a sector-focused approach, providing strong telecoms, energy and utilities practices, as well as being able to leverage its international presence. Roger van Buuren specialises in project finance work, notably digital infrastructure (including optic fibre and data centre) and renewable energy projects. He leads the team that was boosted in 2021 by the arrival from Simmons & Simmons of Andrea Chao, who brings expertise in construction and infrastructure matters.

Practice head(s):

Roger van Buuren

Other key lawyers:

Franka van Buuren; Andrea Chao

Testimonials

‘Quick response, detailed knowledge of project finance, initiative in negotiations, and pleasant communication style.’

‘Great collaboration, quick lines, kind people, very practical. High quality. Well informed about the market.’

‘Roger van Buuren and his team are great to work with. Hands-on, responsive and with a very good understanding of the client’s needs.’

‘The team stands out in the following: speed, transparency, loyalty and professionalism.’

‘We are happy to build a long-term relationship with Roger van Buuren and Franka van Buuren. Roger and Franka are very reliable people to work with, they fit very well with our way of working and are outstanding lawyers.’

‘Sector expertise, availability, quick turn around and follow through.’

‘Roger van Buuren: level of personal involvement, documentation lead and advice.’

Key clients

ABN AMRO Bank N.V.

Coöperatieve Rabobank U.A.

Limburgs Energie Fonds (LEF) B.V.

Oesterreichische Entwicklungsbank AG

Belgian Investment Company for Developing Countries SA/NV (BIO)

Pacifico Energy Gmb

Kreos Capital

Christofferson Robb & Company

Nationaal Groenfonds

Pfalzsolar GmbH

Green Create B.V.

Work highlights

  • Advised ABN AMRO Bank N.V. on a range of project finance transactions, varying from the roll-out of optic fibre networks to the construction of a plastic recycling facility or a cacao warehouse in the port of Amsterdam.
  • Advised Cooperatieve Rabobank U.A. / ABN AMRO Bank N.V.  on a club deal project financing for the construction and operation of a portfolio of optic fibre networks in the Netherlands.
  • Advised Limburgs Energiefonds (LEF) B.V. / Nationaal Groenfonds, a consortium of lenders on the financing of the construction and operation of a biomass facility in the Netherlands.

Dentons

The large international finance practice of Dentons focuses on transactional and regulatory work, advising banks and financial institutions, direct lenders, traders and corporations on a broad range of financings. The firm’s broad expertise covers project, real estate, acquisition, export, asset, trade and commodity finance work, emerging markets transactions and sustainable finance issues, as well as the related regulatory issues. Marcel Janssen  leads the team and his specialisms include project finance, energy finance, real estate finance, trade finance and leveraged finance mandates.

Practice head(s):

Marcel Janssen

Other key lawyers:

Jan Jakob Peelen

Testimonials

‘Jan Jakob Peelen is approachable and I think he is an absolute expert in his field.’

‘Approachable, flexible, knowledgeable.’

‘We worked with Jan Jakob Peelen and Marcel Janssen. Quick to respond, very accessible. Very knowledgeable in their domains.’

‘Well informed about the project/energy finance market, great responsiveness.’

‘Marcel Jansen is a great lawyer to get your deal done. Superb deal making between lender and borrower.’

Key clients

Rabobank

BNG Bank

RoundShield Partners

Bluefield

Stichting Groenfonds

TBM Europe B.V.

Triodos Group

Kommunalkredit Austria AG

Shell

Work highlights

  • Advising a group of banks in respect of securing the financing for the largest geothermal project in the Netherlands (Warmte van Leeuwarden).
  • Advising Rabobank on a very innovative equity release financing structure for Begro.
  • Advising Kommunalkredit Austria AG on the refinancing of a 14.8MW biomass power plant located in Siberië, the Netherlands.

HabrakenRutten

The ‘team of top professionals’ at HabrakenRutten is known for expertise in the financing of PPP projects, as well as drafting and reviewing shareholder loans (ESAs) and the co-ordination of CP processes. The firm specialises in being borrower and sponsor counsel, and provides an experienced infrastructure procurement practice. The practice is co-led by Henk Raven, who focuses on structuring and financing large projects; Peter Habraken, who handles real estate, infrastructure, energy and transport and logistics sector matters; and banking and finance expert Gérard Moussault.

Practice head(s):

Henk Raven; Peter Habraken; Gérard Moussault

Other key lawyers:

Jean-Marc Rovers

Testimonials

‘HabrakenRutten has a team of top professionals. We even received compliments from our counterparts about the quality of our advisers. Ability to translate day-to-day practice into solid agreements, in depth legal knowledge and good advice, good communication and negotiation skills, works quick without losing on quality’

‘Jean-Marc Rovers and Henk Raven: Very precise and sharp, in depth knowledge and negotiation skills, works quickly.’

Work highlights

  • Advising lenders on the project financing of the A15 Motorway PPP project.
  • Advising PPP A1-A6 sponsors on the distribution of refinancing gain including amendment of project and finance documentation.

NautaDutilh

Advising on Dutch projects in the real estate, area development, energy and utilities sectors, NautaDutilh also provides significant expertise in Dutch PPP projects. Another particular strength for the firm is renewable energy transactions, notably solar, onshore and offshore wind projects, as well as fibre, waste to chemical and power plant projects. Jaco Belder specialises in real estate, PPP/PFI, infrastructure, renewable and area development projects, assisting lenders and consortia, investors and development companies. He co-leads the team with ship and project finance specialist Erik Geerling.

Practice head(s):

Jaco Belder; Erik Geerling

Key clients

Allianz

BAM Group N.V.

Belfius

CBRE

Credit Agricole

Deka Bank

EIB

Heijmans

High Tech Campus Eindhoven

Infravia

Macquarie Capital

NIBC Bank

Rabobank

Siemens

Sodexo Altys B.V.

Stadion Feijenoord N.V.

Univé

Work highlights

  • Assisting Stadion Feijenoord N.V. and Feijenoord Rotterdam N.V. in connection with obtaining the senior and junior financing for the development and construction of the new stadium for football club Feyenoord in Rotterdam, the Netherlands.
  • Assisting Stichting Gebiedsontwikkeling aan de Maas in connection with the senior and subordinated financing for the ground acquisitions necessary for the area development program in connection with project “Feyenoord City”, a large area development program in Rotterdam.
  • Advising the lenders syndicate on an ongoing basis in connection with two of the currently largest ongoing PPP projects in The Netherlands, the A9 project and the Afsluitdijk Project.

Stek

Boutique firm Stek brings together expertise in finance documentation, project documentation and regulatory knowledge, with a focus on heat and gas projects. The strong finance transaction and energy regulatory practice covers biomass, solar wind and geothermal matters, as well as projects in the renewable energy and technology fields, notably glass fibre cable, data centre and recycling mandates. Experienced partners Herman Wamelink , Sharon Kaufmann , Reijnoud Homveld  and Coen Thomas co-lead the practice with recently promoted partner Claudia Beele .

Practice head(s):

Herman Wamelink; Sharon Kaufmann; Reijnoud Homveld; Claudia Beele; Coen Thomas

Key clients

ABN AMRO Bank N.V.

Amsterdams Klimaat & Energiefonds

ASN Bank N.V.

Asper

BNG Bank N.V.

Commerzbank

Coöperatieve Rabobank U.A.

EdgeConnex

ING Bank N.V.

Invest-NL

Limburgs Energie Fonds (LEF) B.V.

Nationale Nederlanden Investment Partners N.V.

Nederlandse Waterschapsbank N.V.

NIBC Bank N.V.

Triodos Bank N.V.

Yard

Work highlights

  • Advising Commerzbank on the financing of a solar park in Haarstdiek in the Netherlands.
  • Advising ABN AMRO Bank and Rabobank on the financing of Rendo, one of the key parties in the Dutch glass fibre market.
  • Assisting ABN AMRO Bank with the financing of the wind park located at the breaker dams of the Delfzijl port.

Stibbe

Stibbe provides experience in a range of project finance issues and combines expertise in banking, construction, procurement and regulatory matters. The firm is active in the key areas of infrastructure, data centres, public buildings, energy issues and water ways, both nationally and internationally. The team is co-led by David Orobio de Castro, who specialises in projects, project finance work, real estate issues and tenders; energy and industry sector specialist Martin In de Braekt; Ingmar de Groot, who focuses on projects; banking and finance expert Rein Van Helden; and Marieke Driessen, who joined from Simmons & Simmons in 2021 and brings expertise in banking, capital markets, structured finance and project finance work.

Practice head(s):

David Orobio de Castro; Martin In de Braekt; Ingmar de Groot; Rein van Helden; Marieke Driessen

Other key lawyers:

Boris Cammelbeeck; Valérie van ‘t Lam

Testimonials

‘Stibbe has a very solid team of competent lawyers all of whom work to deliver a prompt and high quality service. There is good depth within the team and a good level of expertise.’

‘David Orobio de Castro – an exceptional lawyer who is also a valued business adviser and leads the team in a most competent manner. Boris Cammelbeeck – Boris is a very dependable lawyer who manages the majority of our day to day affairs. He is always willing to pitch in and is effective at moving things forward. Valérie van ‘t Lam – one of the leading experts on planning matters in the Netherlands and a pleasure to work with.’

Key clients

Macquarie Capital

EIB, KBC, Korea Development Bank, Belfius Bank, KfW, BNG and SMBC, Natixis, MEAG, Samsung Life Insurance

ING

Citigroup, Inc.

Heijmans and Facilicom

AG Real Estate/Heylen Warehouses

Work highlights

  • Advised Macquarie Capital, as sponsor of the project, on the tender, contracting and reaching financial close the €850m PPP Project A9 Badhoevedorp-Holendrecht.
  • Advised the lenders, consisting of a mix of bank lenders and the EIB, in the largest PFI transaction of the recent years, providing finance to BAAK Blankenburg-Verbinding B.V. (a consortium consisting of Ballast Nedam, DEME and Macquarie Capital) on reaching financial close in the €1bn A24 Blankenburg connection project.
  • Acting as legal counsel to the consortium consisting of Heijmans and Facilicom in relation to the Design, Build, Financing and 30-year Maintenance (DBFM) of the new premises for the Amsterdam Courts.

Van Doorne

Known for project finance work related to real estate projects, Van Doorne’s experience also covers project development, construction, commercial and residential property transactions, as well as lease, tax, finance and refinance issues. The firm has a track record in transactional, advisory and disputes work in the area, as well as matters arising from zoning and environmental law. Another core strength for the practice is PPP and PFI deals. Angelique Thiele  specialises in the field of real estate and development financing, and co-leads the team with Roel Botter , who focuses on public sector financings, particularly in the healthcare and education sectors.

Practice head(s):

Angelique Thiele; Roel Botter

Key clients

MassMutual / Barings

BentallGreenOak

DRC Capital

Rothesay

Patrizia

Berlin Hyp AG

Deutsche Hypothekenbank AG

HCOB

OVG

PGIM

Rax

Garbe

Work highlights

  • Lead counsel to BentallGreenOak on a series of financings of Dutch turnkey development investments by Mirastar/KKR.
  • Acted for ‘s Heeren Loo, one of the largest mental healthcare institutions in the Netherlands, on its €200m financing from the European Investment Bank.
  • Advised BentallGreenOak in connection with its financing to a joint-venture between AM and Equity Estate of a prime Amsterdam South-Axis office and mixed use property held in joint ownership with the municipality of Amsterdam.

AKD

AKD stands out for its ‘diversity of knowledge of the various aspects of construction, project finance, PFI and real estate’. The firm provides substantial experience in PPP, project finance and project development mandates, as well as a strong focus on the energy sector, including handling solar-pv projects, offshore wind matters and sustainability issues related to real estate. Sven Billet co-leads the team with Marc Wintgens, who specialises in project finance and project development work.

Practice head(s):

Sven Billet; Marc Wintgens

Testimonials

‘AKD stands out for diversity of knowledge of the various aspects of Construction, Project Finance, PFI and Real estate. Therefore, since we encounter issues in this field of work we generally contact AKD who prove, time and again, that they are easy accessible, “know their stuff” and fun to work with.’

‘Marc Wintgens is very innovative. For instance he was the first lawyer to determine the necessity to transform office buildings into apartments, which at that time was not widely seen as an issue. He bundled his experience and wrote a book about it, which serves as a very practicable guide to the topic. Apart from this Marc is first and foremost an excellent lawyer who always provides practicable solutions.’

‘AKD has a high level of service. What makes AKD unique is that they are very accessible, work with a multi-disciplinary team and are therefore able to give comprehensive advice (for example, tax and civil law)’.

‘Often there is a need for haste and then it is essential that AKD is always available and able to switch quickly. This requires flexibility and AKD has sufficient resources to do so. In addition, AKD does not lose sight of our practice, our daily business. They are able to align/connect the legal advice with our daily business so that the advice is useful and can often be applied / implemented immediately.’

Key clients

VolkerWessels

DW Partners

Edge Technologies (former OVG)

WDP

DSV

Catella

Green Real estate

Development Company Greenport Venlo (DCGV)

M&G Real Estate

Heijmans

BAM

Crosslane

Philips

Janssen De Jong / Hercuton

Kaan Architects

Prologis

Skala Management Ltd

De Brauw Blackstone Westbroek

Active in PPP and energy transactions, De Brauw Blackstone Westbroek also handles disputes and regulatory enforcement matters related to projects and project financing work. The firm’s experience ranges from obtaining financing for projects (including wind parks and energy facilities), to constructing major roads, tunnels and buildings. Practice head Menno Stoffer specialises in financings and projects, with substantial expertise in international energy and infrastructure projects.

Practice head(s):

Menno Stoffer

Other key lawyers:

Bommel van der Bend

Key clients

Royal Vopak

Royal BAM

Royal Schiphol

VTTI

Port of Rotterdam

TenneT Holding

N.V. Nederlandse Gasunie

PALLAS nuclear reactor

Volker Wessels

TBI

Porthos (consortium of Port of Rotterdam, Gasunie and EBN)

Ørsted Wind Power A/S

Impax Asset Management (AIFM) Ltd

Cofra

Work highlights

  • Advising the Foundation Preparation Pallas reactor on the development of the state-of-the-art nuclear power plant in Petten.
  • Advised Ørsted on its €1.375bn sale of 50% of its ownership share of the 752MW Borssele 1 and 2 offshore wind farms to Norges Bank Investment Management (NBIM).
  • Advising investors on the onshore Windpark Zeewolde.

DLA Piper

DLA Piper focuses on the core areas of renewable energy, DFI-based lending (where the team is active in impact directed investments in developing countries) and infrastructural based project finance work, advising sponsors and lenders on large infrastructure PPP transactions. Gerard Kneppers  leads the team and focuses on renewable energy and infrastructure projects, PPPs, development financial institution lending and project finance matters.

Practice head(s):

Gerard Kneppers

Key clients

ABN Amro

Bank Nederlandse Gemeenten (BNG)

BASF

Chint Solar / Astronergy

Coöperatieve Rabobank U.A

FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden)

Hamburg Commercial Bank

ING Bank

Landesbank Baden-Württemberg (LBBW)

Work highlights

  • Advised BASF on the purchase of 49% in offshore wind farm Hollandse Kust Zuid by BASF from Vattenfall.
  • Advising Coöperatieve Rabobank U.A in its capacity as mandated lead arranger in relation to the syndicated project financing of Solar Park Vloeivelden Hollandia.
  • Advising Landesbank Baden-Württemberg (LBBW) in its capacity as mandated lead arranger in relation to the syndicated project financing of Solar Park Dorhout Mees.

Houthoff

Houthoff specialises in the financing and refinancing of large infrastructure investments, including wind power projects. In a recent highlight, the firm advised Nexperia on a $1.5bn underwritten refinancing, related to the acquisition by Wingtech of the majority interest in the Nexperia group. Taking the lead in this matter was practice head and project finance expert Jessica Terpstra, who splits her time between London and the Netherlands.

Practice head(s):

Jessica Terpstra

Other key lawyers:

Sander van den Boogaart

Testimonials

‘The Houthoff team has consistently provided high-quality advice to us as Project Finance Borrower (PPP) since 2015, covering the tender phase up to close in 2015, a restructuring of the financing in 2019 and many other topics. They have been able to retain all relevant knowledge (and the key people) in their team so we receive the right advice on practical and strategic matters in a very efficient and effective manner.’

‘Jessica Terpstra – provides us with clear strategic advice based on her extensive knowledge of our company and the market we operate in. Sander van den Boogaart – often knows our key contracts better than we know them ourselves.’

Key clients

Begro Holding B.V.

Asbeter Holding B.V.

Work highlights

  • Advised Nexperia on the $1.5bn underwritten refinancing in connection with the acquisition by Wingtech of the majority interest in the Nexperia group.
  • Assisting Van Oord in putting in place two green term loans – one loan with Rabobank and BNP Paribas and a loan with ING Bank.
  • Advising the lenders to the PMC project on amendments and waivers relating to PMC metal purifying project in the Netherlands.