Matter 19 July 2021

US listing of Italian luxury group Ermenegildo Zegna with USD 3.2 bn SPAC deal

De Brauw is advising Ermenegildo Zegna, a leading global luxury group in menswear, with presence in 80 countries through 296 directly operated stores, on its business combination with Investindustrial Acquistion Corp. (NYSE; IIAC), a special purpose acquisition company sponsored by investment subsidiaries of Investindustrial VII L.P. ("IIAC"). Following the combination, the combined company will be listed on the New York Stock Exchange with an anticipated initial enterprise value of USD 3.2 billion. The transaction is expected to close by the fourth quarter of 2021, subject to customary approvals and conditions and to IIAC's shareholders' vote.De Brauw acted as Dutch counsel alongside Sullivan & Cromwell.
Matter 11 July 2021

Van Lanschot Kempen simplifies group structure

De Brauw has assisted financial services group Van Lanschot Kempen with the simplification of its corporate structure. The restructuring reduces compliance and eliminates the minority interest deduction in relation to the AT1 and Tier 2 capital, thus improving the group's regulatory capital position.
Matter 10 July 2021

Z.B.G. Capital commits to tendering its shares under Infestos' recommended public takeover offer for Neways

Z.B.G. Capital - a company that invests in real estate development and investment (through Breevast), agriculture and in technology - has reached an agreement with Infestos Sustainability B.V. (Infestos) on its irrevocable commitment to tender all its shares in Neways Electronics International N.V. (Neways) under the recommended public takeover offer as announced by Infestos and Neways. De Brauw assisted Z.B.G. Capital on this transaction.
Matter 8 July 2021

NN to acquire majority stake in Dutch insurance broker Heinenoord

NN Group has agreed to buy a 70% stake in insurance broker and service provider Heinenoord for EUR 176 million. NN will also refinance Heinenoord's outstanding debt of EUR 129 million. Under an agreed option structure, NN could acquire the remaining 30% of shares within four years after the transaction's closing.
Matter 7 July 2021

IPRO Tech, LLC to acquire ZyLAB

IPRO Tech, a Parker Gale Capital portfolio company, has agreed to acquire ZyLAB, a peer e-discovery company. The Amsterdam-based ZyLAB is known for its data science technology including its ZyLAB ONE e-discovery platform and its ZyLAB Legal Hold products. Featuring a strong in-house analytics team with data science professor and longtime ZyLAB employee Johannes (Jan) Scholtes, the company has also in recent years increasingly moved into the SaaS and cloud offerings space. Financial details of the transaction have not been made public. ZyLAB will continue as a standalone brand within the EU and will be available as part of Ipro's suite of products as “ZyLAB, an Ipro company" in the US.
Matter 6 July 2021

CM.com acquires data start-up TraceDock

Global conversational commerce platform CM.com – through one of its subsidiaries – completed the strategic acquisition of TraceDock. This data start-up, with operations in Europe, specialises in privacy-friendly, first-party data collection. TraceDock's solutions will be integrated into CM.com's Mobile Marketing Cloud, enabling CM.com's customers to gain more insights from first-party website data. The integration will further improve and optimise CM.com's customer experience and is expected to boost CM.com's international growth strategy. TraceDock's founders remain involved in the business to promote this growth strategy.
Matter 5 July 2021

NN Group to acquire MetLife's business activities in Poland and Greece

De Brauw is advising NN Group as lead counsel on this acquisition. NN Group is a Netherlands-based international financial services company active in 20 countries. NN and MetLife announced on 5 July 2021 that they had agreed on NN's takeover of MetLife's Polish and Greek insurance businesses for a total purchase price of EUR 584 million. The acquisition provides NN with the unique opportunity to create a strong platform for future growth in these attractive CEE markets, in which it is already active.
Matter 23 June 2021

Mollie raises EUR 665m in Blackstone Growth–led Series C funding round

Mollie raises EUR 665m in Blackstone Growth–led Series C funding roundDe Brauw has advised Mollie, one of the fastest-growing payment service providers in Europe, on its EUR 665 million Series C funding round. The round was led by funds managed by Blackstone’s growth equity investing business, and included EQT Growth, General Atlantic, HMI Capital and Alkeon Capital. TCV, who led the Series B investment in September 2020, also participated in the funding round. The funding will fuel Mollie’s international expansion, team scaling and continued investment in product and engineering, helping the firm to realize its vision of becoming the most popular payment service provider in the world. The round values Mollie at EUR 5.4 billion, making Mollie one of the top five most valuable privately-held fintechs in Europe, and one of the top 20 in the world.The transaction is announced and completed in June 2021.
Matter 15 June 2021

Parcom and founders sell majority stake in GoodHabitz to Prosus

De Brauw advised Parcom and GoodHabitz's founders on the sale of a majority stake in GoodHabitz to Prosus. GoodHabitz is a fast-growing provider of online-training for the corporate market with eight offices throughout Europe.
Matter 10 June 2021

IMCD acquires Shanghai Yuanhe Chemicals in China

De Brauw assisted IMCD in its acquisition of Shanghai Yuanhe Chemicals in China. Shanghai Yuanhe is a specialty coatings, textile and ink solution distributor in China. The acquisition is a strategic move of IMCD into the Chinese coatings market, complementing IMCD's sustainability ambition of its global Coatings & Construction Business Group.The transaction is announced and completed in June 2021.
Matter 10 June 2021

Kloosterboer Group acquired by Lineage Logistics

De Brauw assisted the Kloosterboer family on the sale of Kloosterboer Group to Lineage Logistics. Lineage Logistics, one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solution providers, reached agreement to acquire the Dutch family-owned Kloosterboer Group, a leading independent integrated platform for temperature-controlled storage, logistics and value-added services in Europe.The Kloosterboer family will continue to be involved in the Kloosterboer Group, becoming investors in Lineage and rolling a part of their sale proceeds into Lineage equity.The transaction is subject to regulatory clearance and completion of the employee consultation process.
Matter 8 June 2021

Primavera Capital acquires Mead Johnson Business from Reckitt Benckiser Group

De Brauw assists Primavera Capital Group ("Primavera") in the acquisition of the infant formula and child nutrition business of Mead Johnson Nutrition Company ("Mead Johnson") in China from Reckitt Benckiser Group plc ("Reckitt") for an implied enterprise value of USD 2.2 billion. Reckitt will retain an 8% shareholding. Primavera and Reckitt have signed a definitive agreement to acquire Mead Johnson's Greater China infant formula and child nutrition business, including a manufacturing plant in Nijmegen, the Netherlands. Mead Johnson is a global leading infant formula and nutrition company. This acquisition is another milestone for Primavera in the consumer industry. Going forward, Primavera will fully support Mead Johnson's growth, through innovation, operational improvement, channel optimization, and digital transformation, to further enhance its positioning and growth prospects in China's infant nutrition market.Completion is, amongst other things, subject to works council consultation in the Netherlands. Subject to completing the works council consultation and the satisfaction of customary closing conditions, completion is expected in the second half of 2021.