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.
Matter 2 May 2022

G-III Foreign Holdings B.V. acquires 80.76% stake in Karl Lagerfeld Holding B.V.

De Brauw advised G-III Apparel Group Ltd in its deal to become the sole owner of luxury-fashion brand Karl Lagerfeld. The New York-based fashion-licensing group agreed to pay 200 million euros ($221.5 million) for the 81% of Karl Lagerfeld that it doesn't already own. G-III has held a 19% stake in the brand since 2015 and also owns a North American affiliate, Karl Lagerfeld Paris.
Matter 1 May 2022

Qogita completes Series B funding round

De Brauw successfully advised Qogita, a leading global wholesale supplier, in completing its Series B funding round. Qogita raised EUR 80 million, effectuated by both a primary and secondary offering.
Matter 20 April 2022

Nordian sells BauWatch Group to Haniel

De Brauw advised Nordian on its sale of the BauWatch Group to Franz Haniel & Cie. GmbH. The BauWatch Group provides security, compliance and safety solutions at construction sites. The BauWatch Group is active in the Netherlands, Germany, Belgium and the UK.
Matter 5 April 2022

G Square Continuation Fund Vehicle

De Brauw advised G Square Capital I FCPR (“G Square”), managed by G Square Healthcare Private Equity LLP, concerning its €500 million continuation fund vehicle in connection with the acquisition of three portfolio companies from existing funds that it intends to close. As part of the transaction, the controlling interest in Denteam Holding B.V. was reconstituted to better fit with the new fund.
Matter 5 April 2022

Management buy-out of Multi Corporation from funds managed by Blackstone

Management buy-out of Multi Corporation from funds managed by BlackstoneDe Brauw has advised on the management buy-out of Multi Corporation, one of the largest commercial asset management companies in Europe, from funds managed by Blackstone. Multi Corporation manages 80 properties in 13 countries. Prior to the transfer, a restructuring of Multi Corporation took place. De Brauw acted as sole counsel on the buy-side, advising on a range of topics including corporate, M&A, tax, financing and restructuring.
Matter 30 March 2022

BE Semiconductor Industries EUR 175m convertible bond

BE Semiconductors Industries successfully offered a EUR 175 million convertible bond with a coupon of 1.875% interest due in 2029. The transaction has been one of very few equity or equity linked offerings in Europe since the outbreak of the war in Ukraine. In order to capitalize on momentum, the deal was done in a couple of days from beginning to launch, record pace for a transaction like this. De Brauw advised the Trustee.
Matter 23 March 2022

Hunkemöller to be sold to leading Dutch investors

Hunkemöller to be sold to leading Dutch investors, including Parcom and Opportunity Partners, with Carlyle reinvesting for a minority stake. Leading European lingerie brand Hunkemöller has been sold to leading Dutch investors, including Parcom, a Dutch investment company, and Opportunity Partners, the investment company of Dutch entrepreneur Robert van der Wallen. Global investment firm Carlyle (NASDAQ: CG), an existing shareholder, will reinvest for a minority stake. The new investors have an established track record in developing retail and e-commerce consumer goods brands and are ideally suited to support Hunkemöller's strategic ambitions. The board of Hunkemöller is excited and believes that this new partnership will accelerate the company's continued omni-channel growth strategy. The transaction remains subject to employee consultation and customary regulatory approvals.
Matter 22 March 2022

US Listing of Japanese cryptocurrency exchange provider Coincheck with USD 1.25 BN SPAC deal

De Brauw is advising Coincheck, Inc., a leading Japanese company in the Japanese crypto exchange industry, on its business combination with Thunder Bridge Capital Partners IV, Inc. (NASDAQ: THCP), a special purpose acquisition company. Following the combination, the combined company will be a Dutch N.V. listed on NASDAQ with an anticipated initial enterprise value of USD 1,25 billion. The transaction is expected to close in the second half of 2022, subject to customary approvals and conditions, and to Thunder Bridge's shareholders' vote.
Matter 14 March 2022 acquires consumer AI technology company Building Blocks

De Brauw advised, a global leader in cloud software for conversational commerce, in the acquisition of consumer AI technology company Building Blocks. Building Blocks combines data science software with data science services empowering its customers to build more relevant and personalised interactions across their businesses. Building Block’s suite of consumer AI solutions focuses on consumer guidance, consumer engagement and consumer care. Its customer portfolio includes renowned brands such as Samsung, Basic-Fit, Corendon and Sligro.The deal concerned the sale and transfer of 100% of the shares in Building Blocks Holding B.V. The acquisition is paid for by a combination of cash and equity consideration, whereby the sellers acquire listed shares in the capital of N.V.
Matter 3 February 2022

De Brauw advises DAF Trucks as lead counsel in extensive EU antitrust follow-on damages litigation in 19 jurisdictions

On 19 July 2016, the European Commission imposed fines totaling EUR 2.93 billion on five truck manufacturers, including DAF Trucks. De Brauw represented DAF Trucks throughout the Commission’s investigation. Thereafter, massive follow-on litigation ensued with thousands of legal proceedings in multiple European and non-European jurisdictions as a result. The cases vary from damages for a few trucks to collective proceedings in which hundreds of millions are claimed. DAF Trucks and PACCAR have appointed De Brauw to act as lead counsel in all of the 19 jurisdictions that are involved. This mass claim is of unprecedented scale, arguably the most complex and extensive ever in Europe, and requires close oversight to align strategy in all these different legal systems, including common and civil law systems. De Brauw developed its own 'mass claim platform' for this case, creating one central data, document, proceedings and compliance portal for all of those working on the connected proceedings, all over the world. This is a prime example of the international nature of De Brauw's practice.