Matter 8 November 2022

Infinite Electronics to acquire Cable Connectivity Group from TKH and Torqx Capital Partners

De Brauw acted as co-counsel together with U.S. firm Cleary Gottlieb Steen & Hamilton for Infinite Electronics, Inc. (Infinite Electronics) in its acquisition of the Cable Connectivity Group (CCG).Infinite Electronics, a leading global supplier of electronic components serving the needs of customers through a family of highly recognized and trusted brands, has announced on 8 November 2022 that it signed a definitive agreement to acquire Cable Connectivity Group (CCG) from Torqx Capital Partners (Torqx) and TKH Group NV (TKH). The transaction is subject to customary regulatory approval and is expected to close in Q1 2023.CCG is a leader in the production, distribution and assembly of specialty cables and cable connectivity solutions. The company operates across Europe with offices and production and distribution facilities in the Netherlands, Belgium, Germany, Poland, Italy and China. CCG is comprised of the following brands: Jobarco, Pantaflex, Capable, TKD, ConCab, Schrade Kabeltechnik and KC Industrie. CCG has a global customer base across industrial and electronics end-markets.
Matter 27 October 2022

De Brauw advises AEGON on the combination of its Dutch operations with a.s.r.

De Brauw advised AEGON, a leading multinational life insurance, pensions and asset management company, on the combination of its Dutch operations with a.s.r., a leading Dutch insurance group. The deal is valued at EUR 4.9 billion. In connection with the transaction, AEGON and a.s.r. have agreed certain arrangements regarding the provision of asset management services by AEGON for the enlarged a.s.r. group and AEGON's governance rights in a.s.r., including the right to nominate initially two members to the supervisory board with one such supervisory board member having an affirmative vote for certain resolutions, including dilutive transactions and material M&A.The deal signifies a transformative transaction for both AEGON and a.s.r., creating a champion in the Dutch pension, life, and non-life insurance markets.
Matter 22 October 2022

Athora Netherlands to acquire WTW's PPI in the Netherlands

De Brauw is advising Athora Netherlands on the acquisition of WTW's premium pension institution (PPI) in the Netherlands. The parties announced on 18 October 2022 that they have agreed on Athora Netherlands' takeover of the PPI. The transaction is expected to close early 2023, subject to regulatory approvals and the consultation of employee representative bodies. After the closing of the transaction, the PPI will become an integrated part of Athora Netherlands' market leading Zwitserleven PPI. The combined scale and capability will provide the opportunity for greater innovation and enhanced services for clients and members.
Matter 17 October 2022

Schroders Capital acquires 10.6% stake in Fastned

De Brauw has advised Schroders Capital on its acquisition in a private placement of a 10.6% stake in Fastned B.V., a Euronext Amsterdam listed company that provides fast electric charging for electrical cars. As part of the transaction, Schroders has obtained a supervisory board seat.
Matter 7 October 2022

Supreme Court: provisions on early repayment of fixed interest rate mortgages valid and binding

On 7 October 2022, the Supreme Court of the Netherlands dismissed the appeal of a former customer of Rabobank against a judgment by the Amsterdam Court of Appeal (judgment). On the same day, it also dismissed similar complaints against appellate court judgments brought by (former) customers of Volksbank N.V. (judgment) and ABN AMRO N.V. (judgment). The judgments are available in Dutch only.
Matter 21 September 2022

Digital Realty sells partial interest in German and US datacenters to Digital for up to USD 681 million

Digital Realty Trust, LP (NYSE listed) has entered into a sale and contribution agreement with Digital Core REIT (Singapore listed) in respect of interests in two datacenters for up to USD 681 million.
Matter 14 September 2022

Rivean Capital and other shareholders agree on the sale of Muon to IDEX

De Brauw advised Rivean Capital on the sale of the Muon group to IDEX. The Muon Group is headquartered in the Netherlands and is a global leader in mission critical micro precision solutions.
Matter 8 September 2022

Stora Enso to acquire De Jong Packaging Group

Stora Enso is to acquire De Jong Packaging Group, based in the Netherlands. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.Completion of the transaction is expected at the beginning of 2023, subject to employee consultation and regulatory approval. De Brauw acted as lead counsel for the founder of De Jong Packaging Group.
Matter 7 September 2022

DataSnipper completes minority investment from Insight Partners

De Brauw acted as lead counsel to the shareholders of DataSnipper on its first venture capital funding round (Series A). DataSnipper is a tech scale-up focused on transforming the financial audit industry. It provides auditors with an intelligent automation platform to increase the quality and efficiency of audit procedures. The investment was effectuated by an offering of a minority participation to Insight Partners, a U.S.-based global software investor partnering with high-growth technology, software and internet start-up and scale-up companies that are driving transformative change in their industries.
Matter 26 August 2022

Berlin Packaging acquires Bark Packaging Group

De Brauw assisted Berlin Packaging, the world's largest Hybrid Packaging Supplier, in its acquisition of Bark Packaging Group, a supplier of industrial, flexible, and UN-certified packaging
Matter 22 August 2022

Just Eat Takeaway.com sells iFood stake to Prosus

De Brauw advised Just Eat Takeaway.com N.V. on the sale of its ~33% stake in iFood, a leading food delivery company in Latin America, to Prosus. The cash consideration amounts to EUR 1.5 billion, as well as a conditional EUR 300 million payable depending on the performance of the food delivery sector. Completion of the sale is conditional on approval of the sale by Just Eat Takeaway.com's general meeting. Following the transaction, Prosus will hold (through its subsidiary) 100% in iFood.
Matter 17 August 2022

DIF Capital Partners and NN Group have launched the Dutch Climate Action Fund

DIF Capital Partners and NN Group have launched the Dutch Climate Action FundDe Brauw Blackstone Westbroek advised DIF Capital Partners on the set-up and closing of the Dutch Climate Action Fund. NN Group is a cornerstone investor with an initial commitment of EUR 125 million, and DIF will manage the fund. The Dutch Climate Action Fund will invest in projects and companies active in climate change solutions that envisage to support the Dutch energy transition. The fund is rising to this challenge by targeting investments that aim to support the reduction of carbon emissions in the Netherlands. These investments are targeted to be pioneers in their markets as well as investment in more traditional clean energy sections. The fund may invest in energy efficiency, e-mobility, energy storage and hydrogen, as well as in renewable energy generation such as onshore wind and solar farms. Renewable energy generation is expected to be a catalyst for electrification of industries, buildings and transportation, driving a significant part of emission reduction and therefore investment needs. The Dutch Climate Action Fund focuses on equity investments of up to EUR 25 million per investment. Specifically, the fund's investments target to support and promote the United Nations Sustainable Development Goals number 7 (affordable and clean energy), number 11 (sustainable cities and communities) as well as number 13 (climate action). Actual contribution to these SDGs, as well as reporting against the progress of achieving selected KPIs in relation to these SDGs, are targeted to be assessed for each investment opportunity. DIF Capital Partners is leading global independent infrastructure fund manager with ca. EUR 11 billion in assets under management across ten closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia.