On 23 December 2013 the Enterprise Chamber denied TPG’s requests. De Brauw defended Strauss Group in the proceedings before the Enterprise Chamber.
Enterprise Chamber rejects all claims against Strauss Group
In 2008 TPG acquired a 25.1% interest in Strauss Coffee for USD 293 million. Strauss Group retained 74.9% of Strauss Coffee. In May TPG indicated that it wanted to commit Strauss Coffee to an IPO which would pave the way for TPG’s exit. A dispute arose between TPG and Strauss Group regarding the dismissal of the CEO of SCBV, services agreements and TPG’s exit. TPG initiated inquiry proceedings at the Enterprise Chamber.