Matter 14 September 2021

Financial group Ennia Caribe sells Banco di Caribe N.V. to United as part of its restructuring

An important milestone in the financial restructuring of the largest financial group in the Dutch Caribbean, De Brauw advised Central Bank of Curaçao and Sint Maarten ("CBCS") and ENNIA as seller on the sale of Banco di Caribe ("BdC"). Each of the target (BdC), the seller (ENNIA) and United (purchaser) are institutions with systemic importance in the Netherlands Antilles. The sale was set up as a competitive, limited auction. The sale of BDC to United Group Holdings N.V. marks an important step in the financial restructuring of the ENNIA Group, which has been under emergency regulations since 2018, and CBCS's efforts to maximize value and reduce risk for ENNIA and its policyholders.
Matter 14 September 2021

CM.com EUR 100 million convertible bond offering

De Brauw advised CM.com, a global leader in cloud software for conversational commerce, on a EUR 100 million convertible bond offering. The convertible bonds due 2026 carry a coupon of 2.00%. The deal was facilitated by a concurrent placement of existing shares on behalf of certain subscribers for the bonds to hedge market risk ('delta placement') and a sale of 250,000 existing shares by the founders to develop real estate in the surroundings of the current CM.com offices in Breda for possible future expansion of CM.com’s headquarters.
Matter 7 September 2021

Deutsche Telekom and Tele2 sell T-Mobile Netherlands to a consortium of Apax and Warburg Pincus for an EV of EUR 5.1 billion

De Brauw advised Deutsche Telekom AG on the sale by Deutsche Telekom and Tele2 of T-Mobile Netherlands to an entity jointly controlled by funds advised by Apax Partners LLP and Warburg Pincus LLC for an enterprise value of EUR 5.1 billion.
Matter 18 August 2021

NN Group NV sells NN Investment Partners to Goldman Sachs for EUR 1.7 billion

De Brauw advised NN Group on the sale of its asset manager NN Investment Partners (NN IP) to Goldman Sachs Group, Inc. for total cash proceeds of EUR 1.7 billion. As part of the agreement, NN Group and Goldman Sachs Asset Management will enter into a ten-year strategic partnership under which the combined company will continue to provide asset management services to NN Group. The combination with Goldman Sachs gives NN IP a broader platform to accelerate its growth and further improve the offering and service to its clients. It will also allow NN Group to continue its successful cooperation with NN IP and to benefit from the strengths and complementary product propositions of Goldman Sachs.
Matter 18 August 2021

Minority investment by Bridgepoint in ACT, valuing ACT at over $1 Billion

ACT, the leading provider of custom market-based solutions for reducing carbon footprints, today announced a minority investment from Bridgepoint, the quoted private assets growth investor. Bridgepoint’s investment moves ACT to a new level of leadership in the environmental markets, valuing the company at more than USD 1 billion. As part of the transaction, Bridgepoint is buying out exiting investor Three Hills Capital Partners.
Matter 16 August 2021

DSV Panalpina A/S completes USD 4.2 billion acquisition of Global Integrated Logistics from Agility

DSV Panalpina A/S (DSV) has completed its acquisition of Agility’s Global Integrated Logistics business (GIL) from Agility Public Warehousing Co KSC. With the acquisition of GIL, DSV is becoming a global top-three player within transport and logistics and the aim is to continue to grow the business from this strong position. The value of the GIL acquisition is USD 4.2 billion.De Brauw acted as Dutch counsel to DSV.
Matter 11 August 2021

BC Partners sells Pharmathen to Partners Group

De Brauw advised BC Partners, together with Kirkland & Ellis, on the sale of Pharmathen, a leading European pharmaceutical company, to Partners Group. The transaction values Pharmathen at approximately EUR 1.6 billion.
Matter 11 August 2021

BC Partners sells Pharmathen to Partners Group

De Brauw advised BC Partners, together with Kirkland & Ellis, on the sale of Pharmathen, a leading European pharmaceutical company, to Partners Group. The transaction values Pharmathen at approximately EUR 1.6 billion. Founded in 1969, Pharmathen is the leading European drug delivery technology company. With a highly differentiated business model and strong management team, the company is a specialist in the development of "sustained release" technologies, with best-in-class R&D capabilities. The company is a global leader in complex long lasting injectables and has also established a long-acting therapeutic technologies platform which will fuel growth for many years. Partners Group will work with Pharmathen on initiatives to scale the business in Europe and globally, and supporting the company to accelerate its expansion in the US. The transaction is expected to close by the end of 2021.
Matter 5 August 2021

High-tech ticketing serviceprovider Sqills to be acquired by Siemens Mobility.

De Brauw advised Sqills and its founders on the sale of the business. Sqills is the worldwide market leader in inventory management, reservations and ticketing software for public transport operators. Sqills will be acquired by Siemens Mobility, one of Europe's largest technology companies. The strategic acquisition by Siemens Mobility supports Sqills' ambitions to expand into Asia Pacific and the Americas, and contributes to the ongoing investments in the team, product, and long-term partnerships with operators. Sqills' founders will stay involved in the execution of the company's growth strategy.
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.