Matter 28 July 2022

Athena Consumer Acquisition Corp. and German Electric Carmaker E.GO Mobile Announce Business Combination Via SPAC Deal

De Brauw advises Athena Consumer Acquisition Corp. (Athena Consumer) in announced business combination with German electric carmaker e.GO Mobile (e.GO).
Matter 27 July 2022

Fugro successfully raises EUR 116 million through an accelerated bookbuild offering of new ordinary shares, as part of new EUR 516 million comprehensive sustainability-linked financing

Fugro successfully raises EUR 116 million through an accelerated bookbuild offering of new ordinary shares, as part of new EUR 516 million comprehensive sustainability-linked financing
Matter 6 July 2022

Just Eat N.V. announces commercial partnership with Amazon in the US

De Brauw advised Just Eat N.V. on the commercial agreement between its US subsidiary Grubhub, Inc. and Amazon. The commercial agreement enables Amazon Prime members in the United States to sign up for a free, one-year Grubhub+ membership and access unlimited $0 delivery fees from hundreds of thousands of restaurants on Grubhub throughout the year.
Matter 30 June 2022

Parcom and other shareholders sell Altrex to Frénéhard & Michaux

De Brauw advised Parcom and the other shareholders on the sale of the Altrex group to the Frénéhard & Michaux group (. The Altrex group is specialised in non-permanent aluminium access equipment such as scaffolds, stepladders, ladders and suspended platforms.
Matter 15 June 2022

Republic of Kazakhstan wins immunity dispute over USD 5.2 billion asset freeze

De Brauw has acted successfully for the Republic of Kazakhstan in proceedings against Anatolie and Gabriel Stati and their companies to lift the USD 5.2 billion attachment on shares in KMG Kashagan B.V. held by the Kazakh sovereign wealth fund Samruk-Kazyna. The Kashagan oil field is one of the largest offshore oil fields in the Caspian Sea. On 14 June 2022, the Hague Court of Appeal lifted the attachment with immediate effect based on state immunity from execution.
Matter 7 June 2022

Backbase raises EUR 120M in Series A funding round at a EUR 2.5B valuation

De Brauw has advised Backbase on its first venture capital funding round (Series A), raising EUR 120 million growth capital at EUR 2.5 billion valuation. Backbase is a global fintech company that provides the leading Engagement Banking Platform that empowers banks and other financial institutions to help digitize their processes. The investment was effectuated by a primary offering to Motive Partners, a fintech specialist private equity firm. Backbase is Motive Partners’ first Dutch investment.
Matter 1 June 2022

De Brauw advises AkzoNobel on its acquisition of African paints and coatings activities from Kansai Paint

De Brauw acted as lead counsel to AkzoNobel in its agreement to acquire all paints and coating activities of Kansai Paint in Africa. The transaction concerns the acquisition of companies across 12 countries with a consolidated revenue of around EUR 280 million. The intended acquisition involves the Plascon brand, one of the oldest paint brands in the region with a heritage of more than 100 years, as well as activities related to decorative paints, protective coatings and coatings for wood and coil. The transaction is subject to regulatory clearance and is expected to be completed in the course of 2023.
Matter 27 May 2022

Business combination between FL Entertainment Group and Pegasus Entrepreneurs

De Brauw advises SBM in announced business combination between FL Entertainment Group and Pegasus Entrepreneurs FL Entertainment Group is one of the world’s leading independent producers and distributors of television programs and offers a fast-growing online sports gaming platform, respectively through its businesses Banijay and Betclic. Pegasus Entrepreneurs is a special purpose acquisition vehicle (“SPAC”) listed on Euronext Amsterdam. The business combination agreement provides that FL Entertainment Group will become a listed company and with an initial pro forma enterprise value of EUR 7.2 billion, is the largest announced business combination by a European listed SPAC to date.Société Anonyme des Bains de Mer (“SBM”) is currently a major shareholder of Betclic and will become a minority shareholder of FL Entertainment upon completion of the business combination.De Brauw advises SBM together with Bredin Prat, a member of the Best Friends Network. The De Brauw team comprises Klaas de Vries, Gaby Smeenk, Casper Nagtegaal and Patrick van Rutten.
Matter 23 May 2022

TenneT successfully issues largest ever corporate Green Eurobond

De Brauw acted as lead
counsel to TenneT Holding B.V., the Netherlands-based electricity transmission
system operator, in successfully issuing the largest ever Green Eurobond. The
transaction concerned a EUR 3.85 billion bonds issue, split into four
tranches of EUR 1,250 million, EUR 1,000 million, EUR 750 million, and EUR 850
million respectively. The issuance was supported by six active joint
bookrunners, namely ABN AMRO, BNP Paribas, Commerzbank, NatWest Markets,
Santander and UniCredit.
Matter 23 May 2022

Silverfleet sells majority stake in STAXS to Haniel

De Brauw advised Silverfleet Capital on the sale of the STAXS Group, a leading value-added distributor of consumable products for cleanrooms in Life Sciences and other industries. The acquirer is a portfolio company of Franz Haniel & Cie. GmbH, a family-owned company with a diversified portfolio of investments. The parties entered into a sale and purchase agreement on 6 May 2022 after which the transaction was completed on 19 May 2022.
Matter 18 May 2022

NXP issues USD 1,500,000 senior unsecured notes under its SEC shelf registration

De Brauw advised on NXP B.V.'s offering of USD 500,000,000 4.400% senior unsecured notes due 2027 and USD 1,000,000,000 5.000% senior unsecured due 2033 notes together with NXP Funding LLC and NXP USA under NXP's US shelf registration filed with the SEC. The Notes are fully and unconditionally guaranteed by NXP Semiconductors N.V. The issuance of the Notes took place on 16 May 2022. De Brauw has previously also assisted NXP on the shelf registration.NXP intends to use the net proceeds from the offering of the 2027 Notes to redeem the USD 900,000,000 principal amount of the outstanding dollar-denominated 4.625% senior unsecured notes due 2023, including all premiums, accrued interest and costs and expenses related to this notes redemption. Any remaining net proceeds of the 2027 Notes will be temporarily held as cash and other short term securities or used for general corporate purposes such as capital expenditures or short-term debt repayment. The net proceeds of the 2033 Notes will be used for the financing, in whole or in part, of one or more eligible green projects, which are defined as investments in (A) research and development for NXP's "green chip" resonant solutions, (ii) battery control and management for electric and hybrid cars, (iii) Advanced Driver Assistance Systems, (iv) mobile device "beam steering", (v) edge processing portfolio and (vi) smart building technologies, and (B) energy efficiency measures at NXP's manufacturing and non-manufacturing facilities.Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering of the Notes.
Matter 2 May 2022

Achmea acquires ABN AMRO premium pension institution ("PPI")

De Brauw has advised Achmea on its takeover of ABN AMRO Pensioeninstelling NV. This transaction gives Achmea an entrance into the Premium Pension Institution (PPI) market and enables the business to respond to the opportunities offered by the Pension Agreement.