Stek has successfully represented energy metering company Kenter in a civil claim lodged by a real estate rental company before the Gelderland District Court. By judgement of 2 December 2020 the court sided with Kenter that Kenter could invoke the limitation of liability clause in its general conditions, dismissed the claim of the real estate company […]
Stek has assisted the grid operator Liander in a landmark dispute resolution procedure before the energy regulator Authority for Consumer and Markets (ACM) on the question when a grid operator may refuse the transport of electricity because it has reasonably no capacity available. By decision of 22 December 2020 ACM ruled that Liander had sufficiently demonstrated […]
Stek (Herman Wamelink, Guy Pegels & Kersten Wierda) has advised BlackFin Capital Partners and CED on the unitranche financing of its acquisition of French industry peer Eurexo. CED is the largest independent claims management company in the Netherlands. The French Eurexo – which has been part of the Groupe Prunay since 1997 – also has claims […]
Stek has advised Rabobank and BLF on the financing of the acquisition of Sunmaster Nederland by Home & Garden Solutions. Home & Garden Solutions, formerly known as Outdoor Living Group, is the holding company that acquired Verasol in June 2017 and Gardendreams in 2019. Verasol and Gardendreams produce aluminium verandas, garden rooms, glass sliding walls, garden […]
The Belgian Springbok has acquired the shares in Adeptiv and its subsidiaries SearchResult, Yourzine and Kernel Works from PostNL. By the acquisition a strong international organization is created that represents 280 employees, making it one of the largest digital marketing agencies in the Benelux. Stek represented Springbok in this transaction.
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Stek has successfully represented energy distribution company Stedin in civil litigation against balance responsible party Essent (part of E.On) before the District Court Oost-Brabant. The claim of Stedin was based on an interpretation of the market processes and the roles of the various market parties with respect to corrected metering data. In an extensively motivated interim […]
LEF sold the infrastructure part of Mijnwater to Enpuls, which is part of the Enexis Groep. In this context, Mijnwater demerged into Mijnwater Warmte Infra and Mijnwater Energy. Mijnwater Warmte Infra is the owner of the Mijnwater infrastructure. Both shareholders will invest approximately EUR 300 million in Mijnwater in the next 10 years.
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Buckaroo acquires payment service provider Sisow. This has been agreed upon by both parties earlier this month. With Sisow having over 14,000 customers in the Dutch and Belgian market, Buckaroo considers the acquisition a strategic move to strengthen its position in the SME market. Stek represents Buckaroo and its shareholder BlackFin Capital Partners in this transaction. […]
Following our previous news release and after ACM approval, the shares in Simpel have been transferred to T-Mobile as of 1 December 2020. Simpel is now officially part of T-Mobile Nederland. Stek has advised the shareholders of Simpel, including its founder and CEO Jasper de Rooij and private equity investor Parcom, during the acquisition […]
Stek has successfully represented energy distribution company Liander in a preliminary relief procedure before the District Court Gelderland. The procedure had been initiated by a large customer (a printing house), claiming that it was entitled to a large amount of contracted capacity. The court sided with Liander that this claim is without merit and awarded the […]
English IT service provider Gamma Communications PLC (listed at the LSE) has acquired gnTel, an independent Dutch and German provider of cloud PBX services.
Stek advised Gamma in this transaction.
Please click here for the press release.
Globalinternet, a global supplier of managed Internet access services, was acquired by Expereo, a portfolio company of French private-equity house Apax.
Stek acted as advisor to the sellers.
Please click here for the press release.
Stek has successfully represented Utility Support Group (USG) B.V. (“USG”), the utility joint venture for the Chemelot chemical industry cluster, in a dispute resolution procedure before the Authority for Consumers and Markets (“ACM”), the national regulatory authority in the Netherlands under the internal market directives for energy. USG had submitted a complaint against TenneT TSO B.V. […]
Stek has advised ING as coordinator and sustainability coordinator and ABN AMRO Bank, BNP Paribas, ING Bank, NatWest, Rabobank and SMBC as bookrunning mandated lead arrangers in the EUR 400 million revolving credit facility for Schiphol. The margin of the RCF is partly linked to the performance by Schiphol on five ESG related Key Performance Indicators. […]
T-Mobile is set to acquire Simpel from its founder and CEO Jasper de Rooij and private equity investor Parcom. Stek has advised the shareholders of Simpel during the acquisition process, resulting in the signing of the share purchase agreement last week. The proposed acquisition is subject to ACM approval. Our Competition team assists Simpel […]
HMS Industrial Networks AB has acquired a majority share in Ekitec Holding and its subsidiary Procentec. Procentec is a world leader in innovative and technical solutions and services for industrial networks. As a strategic partner Procentec will remain a separate entity within HMS Industrial Networks AB. HMS Industrial Networks AB is a wholly owned subsidiary of […]
Fnac Darty and Mirage Retail Group have announced that they have entered into exclusive negotiations for the envisaged acquisition by Mirage Retail Group of BCC. BCC is a well-established and longstanding consumer electronics brand in the Netherlands. Mirage is the retail platform behind a number of trusted retail formats in the Netherlands, including Blokker, Big Bazar […]
Foresco Packaging has acquired the shares in FHG Production Holding from Faber Halbertsma Group. FHG Production Holding in turn holds the shares in various subsidiaries. The group is active in the production of series of cases and pallets and operates sites in the Netherlands and Belgium. Foresco Packaging is the Belgian market leader in tailor-made wooden […]
CB Insights, a US company which enables the world’s leading companies to make smarter technology decisions, has acquired Blockdata, a Netherlands-based software company that tracks the global blockchain economy. Blockdata provides differentiated data and predictive insights on the growing but increasingly complex blockchain and distributed ledger technology ecosystem. Stek advised CB Insights in this transaction.
As part of the remedies offered to the EU Commission in connection with the acquisition by Assa Abloy of Agta Record, Assa Abloy has sold certain of the businesses of the consolidated group, including Dutch Agta Record subsidiary Record Holding Nederland, to FAAC. Assa Abloy is a Swedish based global leader in access solutions operating worldwide […]
Fintech company Ophen has acquired Davinci, a cross-border loan and mortgages Software as a Service (SaaS) provider. Stek has advised the shareholders of Davinci in this transaction.
Please click here for the press release.
Danish pharmaceutical supplier Abacus Medicine A/S has acquired Dutch pharmaceutical wholesaler Pluripharm Group. The group is one of four leading pharmaceutical wholesalers in the Netherlands with a full line of medicines, medical devices and services. Stek advised on the acquisition including the merger control proceeding before the Dutch Competition Authority.
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Saab AB sold its Dutch subsidiary Quality Positioning Services (QPS) to Total Specific Solutions. QPS is a a provider of hydrographic software solutions within the global maritime industry. QPS makes and delivers maritime geomatics software and services. Saab AB serves the global market with world-leading products, services and solutions from military defence to civil security. Stek […]
Stek has successfully represented energy distribution company Enexis in appeal before the Court of Appeal Den Bosch against a preliminary relief judgement in which Enexis had been ordered to make an offer for a new connection with a guaranteed transport capacity of 60 MW. Enexis argued in appeal that it had complied with with its connection […]
Five Dutch banks (ABN AMRO, ING, Rabobank, Triodos Bank and de Volksbank) have decided to establish Transaction Monitoring Netherlands (TMNL), a project in the collective fight against money laundering and the financing of terrorism. The TMNL initiative is a welcome addition to the banks’ individual transaction monitoring activities. TMNL will focus on identifying unusual patterns in […]
Stek advises Stork, part of Fluor’s Diversified Services segment, on the sale of EQIN, Stork’s professional equipment rental business in Europe, to VE Partners, a Netherlands-based private equity firm. This intended transaction is pending final approval by the Dutch Authority for Consumers and Markets (ACM). After final ACM approval, Stork and the new owner VE Partners […]
Volgroen and YARD ENERGY join forces to work together on sustainable solutions for the energy consumption of companies.
Volgroen provides energy savings and sustainable energy generation as a service to the corporate market. YARD ENERGY is an experienced party in respect of development and financing of renewable energy projects.
Please click here for the […]
Klimaatfonds Nederland and YARD ENERGY join forces to accelerate the growth of solar energy in the Netherlands. With €25 million additional capital, the partners are working together to finance and realize a minimum of 500 MW of solar energy parks in 2024. These solar parks will supply green energy to more than 170,000 Dutch households every […]
Stek has successfully represented energy distribution company Liander in appeal before the Administrative High Court for Trade and Industry (CBb). The appeal was directed against a dispute resolution decision of the Authority for Consumers and Markets (ACM) in which a complaint of a party connected to the electricity grid of Liander was upheld. In that decision […]
Stek advised EVS Broadcast Equipment on its acquisition of leading broadcast and media infrastructure specialist Axon. The acquisition of Axon will position EVS as the only technology company able to provide a comprehensive modern media infrastructure solution and allows EVS to further expand its global footprint and leverage its international presence to accelerate the reach of […]
Leading travel retailer Gebr Heinemann and travel food specialist Casualfood have partnered to create joint venture Smartseller that will integrate travel retail and food service in one concept. Smartseller will target small and mid-sized airports in Europe with a pilot project set to begin at Münster Osnabrück Airport. Expansion and roll-out at other sites throughout Europe […]
Stek has advised Dutch towage company Iskes in relation to an investigation of the Dutch Competition Authority (ACM) into Port Towage Amsterdam (PTA). PTA was a joint venture between Iskes and Danish towage company Svitzer, that offered towage services in the seaports of Amsterdam and IJmuiden. The ACM´s investigation concerned the structure of PTA, […]
Audax Digitaal has acquired online retailer BookSpot from Novamedia. BookSpot has an in-depth e-commerce expertise and is active on the Dutch and Belgium market selling books, e-books, music, films, series and games. Audax is a business platform for logistics retail with a focus on creating, marketing, distributing and selling print media, other products and services. Stek […]
Stek advised 3i Infrastructure and its portfolio company Joulz on its acquisition of the electric charging and e-mobilty service provider business of GreenFlux. The transaction included a pre-completion carve-out of the charging business by GreenFlux. The operations will be continued by Joulz under the name Joulz Laadoplossingen B.V. With this acquisition, Joulz increases its position as […]
Kaizo announced a seed round of funding co-led by Gradient — Google’s AI venture fund — and French VC Partech. Kaizo is a Dutch start-up which uses AI and gamification to improve customer service. Stek acted for Partech and Gradient.
Please click here for more information on the transaction.
Stek has successfully assisted two former (major) shareholders of the German HKB Bank GmbH in two proceedings before the Amsterdam District Court. In these proceedings, tens of millions of euros in damages were claimed from these former shareholders for alleged unlawful acts and breach of contract. The Amsterdam District Court rejected the claims in both proceedings […]
Stek has successfully represented the three healthcare providers Schakelring, De Riethorst Stromenland and Volckaert in the second phase merger control procedure before the Authority for Consumers & Markets (ACM). The ACM cleared the merger within 13 weeks, making it one of the fastest second phase decisions for healthcare mergers in the ACM’s history.
As a result […]
Stek advised SK FireSafety Group, a portfolio company of APAX Partners, on the acquisition of AED-Partner, a supplier of automatic external defibrillators in the Benelux. Please click here for the press release (in Dutch).
Stek has successfully represented distribution company Stedin in civil litigation initiated by a housing corporation. The housing corporation sued for consequential damages, including lost rental income, caused by alleged late completion of household electricity connections. By judgment of 22 January 2020 the Rotterdam District Court ruled that Stedin can invoke the exclusion of liability for indirect […]
Investor in sustainable energy ENGIE Services Nederland has acquired Hydreco Geomec from HydroCare, a subsidiary of Brabant Water. Hydreco Geomec is a rapidly growing company in the field of geothermal heat development and production with a solid mission: to contribute to the transition to sustainable energy with geothermal heat in the Netherlands. The acquisition will strengthen […]
Audax Groep has acquired franchise- and retail formula Bruna from Shared Stories Group. Bruna is a Dutch retailer operating 273 shops (including the franchise formula) in the Netherlands, selling inter alia (children’s) books, e-books, magazines, newspapers, gift cards, greeting cards and paper- and writing materials. Audax is a business platform for logistics retail with a focus […]
Kuehne + Nagel has acquired Rotra’s overland and logistics activities of Rotra. Rotra is a leading family-owned logistics service provider with branches in the Benelux and Romania and a fleet of over 200 trucks. The inland, seafreight and airfreight activities do not form part of the transaction. Kuehne + Nagel is a Swiss listed global logistics […]
Stek has successfully represented regional energy distribution company Enduris in an appeal before the Administrative High Court for Trade and Industry (CBb) brought by chemical company Arkema. Arkema appealed the decision of the Authority for Consumers and Markets (ACM) in a dispute resolution procedure in which ACM had dismissed the complaint of Arkema and ruled that […]
ING Corporate Investments, ING’s investment division, has acquired a stake in logistics service provider Nunner Logistics. Nunner Logistics is an innovative logistics service provider that has experienced strong growth in Europe and Asia in recent years. The group currently has around 30 branches in Europe and five in China. The investment by ING will enable Nunner […]
French sports manufacturer and retailer Decathlon has acquired iconic hockey brand Dita (hockey sticks, shoes and mouth guards) from private equity firm Nederlands Merkgoed. The acquisition is expected to strengthen Dita’s position in the competition against sporting giants such as Adidas and Asics.
Please click here for the press release.
Medicapital Rent is a world leading supplier of medical rentals for clinical trials. The company was founded in 1996 and has offices in Leiden (the Netherlands), Atlanta (GA) and Zug (Switzerland). Stek advised the founders on the sale to family investment platform Gryphion.
Please click here for the press release.
Stek has successfully represented the regional electricity and gas distribution companies, through their representative organization Netbeheer Nederland, in an appeal before the Administrative High Court for Trade and Industry (CBb) against the method decisions electricity and gas for the years 2017-2021 of the Authority for Consumers and Markets (ACM). The appeal concerned the level of the […]
Stek has advised Rabobank on the (re)financing of Plantise (one of the largest plant breeders in the Netherlands which originates from a merger between the plant breeders Leo Ammerlaan, Van der Lugt and Grow Group). Plantise will, amongst others, use the financing to further develop their international ambitions.
Please click here for the article […]
Alongside the motorway A1 a ‘solar field’ will be built on approximately 5 hectares of land, which solar field will generate sufficient power for 12,000 households. Stek advised BNG Bank on the financing of the project.
WeTransfer, the Amsterdam-headquartered company that is best known for its file-sharing service, has announced a €35 million secondary funding round. Stek represented WeTransfer in this transaction. The investment is led by European growth equity firm, HPE Growth, with significant participation from existing investor Highland Europe.
Click here for the press release from WeTransfer. Click […]