The Swedish investment firm Triton and Corendon Holiday Group have reached preliminary agreement on the sale and transfer of all shares in Corendon Holding to a portfolio company of Triton. Through the same portfolio company, Triton has recently acquired all shares in the leading European tour operator Sunweb. Corendon Holding is the parent company of the […]
The Danish global market leader in template management software Templafy ApS has acquired the Dutch-based brand identity and template management software provider Master IT Solutions B.V., acting under the name iWRITER. Both Templafy and Iwriter give access to Microsoft Office templates in PowerPoint, Outlook, Word and Excel. By acquiring iWRITER, Templafy has added 1,200 business customers […]
Stek advises Rabobank on its financing of ACCN B.V., a 100% subsidiary of Inashco B.V. ACCN B.V. will realise and operate a processing facility for bottom ashes at the site of Afvalzorg N.V.
In a recent interlocutory judgment, the Administrative High Court for Trade and Industry (CBb) has ruled that the Dutch Authority for Consumers and Markets (ACM) could not attribute liability for a cartel infringement to the managing partners of a German partnership (KG), solely on the basis of their position as managing partner. The […]
Silicon Valley venture capital firm Benchmark has invested $ 20 million in series A funding in Bohemian B.V., the maker of popular design tool Sketch.
Stek advised Bohemian in this transaction.
Please click here for more information.
Eneco eMobility, an affiliate of Eneco Groep N.V., has acquired FLOW Charging. The purchase adds new customers and around 2,000 active charging stations and 4,500 charging cards to the portfolio of Eneco eMobility.
Please click here for the press release. […]
Stek advised Stedin Group on the sale of Joulz through a controlled auction process to 3i Infrastructure for a purchase price of EUR 310.4 million. Prior to the transaction process, a carve-out of Joulz from the Stedin Group was effected. Joulz consists of two business units, Joulz Infradiensten and Joulz Meetbedrijf. Joulz Infradiensten Infrastructure Services facilitates […]
Bencis has acquired a stake in Bons & Evers. Bons & Evers is a manufacturer of high-quality aluminium, brass and copper parts for a wide range of sectors including the automotive sector, the power distribution sector and the sanitation sector. Stek advised ING Bank in this transaction.
Please click here for the press release […]
Stek acted for Head Mares in its acquisition of a majority stake in liveaboard.com, an online booking platform to book diving vacations. The Head Mares Group is one of the leading manufacturers for tennis rackets, ski’s, snowboards etc. under the “HEAD” brand and also manufactures and sells scuba diving equipment under the “MARES” brand. Mares owns […]
English IT service provider Gamma Communications PLC (listed at the LSE) has acquired Nimsys, an independent Dutch provider of IT services with a focus on multitenant buildings. Stek advised Gamma in this transaction.
Stek advised SK FireSafety Group and its majority shareholder Apax Partners on the sale of the AeroSafety division of SK FireSafety to Levine Leichtman Capital Partners, a US-based private equity firm.
Please click here for a press release.
Stek advises Cape Investment Partners on the acquisition of a majority stake in FoundOcean and Cape Holland. Cape Holland is the world leader in offshore vibro technology, providing a cost saving and environmentally friendly solution to pile driving and pile handling with their Vibro Lifting Tools. FoundOcean is the world’s largest dedicated offshore construction grouting company […]
Stek has advised TrueNoord, an aircraft leasing company leasing various regional aircraft types to airlines in a large number of jurisdictions worldwide, on the acquisition of two Embraer E195 aircraft from CCB Aviation Corporation Limited. Both aircraft are on lease to Brazilian airline Azul Linhas Aéreas Brasileiras S.A. Financing was provided under TrueNoord’s term loan warehouse […]
Stek advised YARD ENERGY Group (YARD), a Dutch-based developer of wind energy projects, on the sale of 6 operational wind farms in the Netherlands, Windpark Buren, Duiven, Vlaardingen, Coevorden, De Lier and Vlissingen, with a combined capacity of 32.18 MW to Eurus Energy Group, a leading Japanese renewable energy company. The 6 wind farms, consisting of […]
Stek advises ASN Bank on the project financing of the biomass plant to be constructed and operated by Afval Energie Bedrijf Amsterdam.
Please click here for the press release (in Dutch).
Stek has successfully represented Eneco in a preliminary relief procedure before the Administrative High Court for Trade and Industry (CBb) against a decision of the Minister of Economic Affairs and Climate Policy (the Minister) represented by CertiQ B.V. CertiQ had refused to accept English certificates of origin (REGO’s) in the Netherlands.
By judgment of 20 November […]
Harbert European Growth Capital (HEGC) provides specialty debt financing to European growth businesses, predominantly in the technology, life sciences and environmental sectors. Stek has advised HEGC on a number of such financings to Dutch businesses. HEGC is a subsidiary of a US investment management firm. Please click here for more information.
Stek has successfully represented Tata Steel IJmuiden B.V. and Nuon Power Generation B.V., part of Vattenfall, as complainants in a dispute resolution proceeding before the Authority for Consumers and Markets (ACM). The complaint revolved around the question who is responsible and should bear the costs of a relocation of a connection by TenneT. By decision of […]
Stek advised Norwegian Energy Company ASA’s (Noreco) wholly owned subsidiary, Altinex AS, on the acquisition of the entire share capital of Royal Dutch Shell Plc’s upstream assets in Denmark, Shell Olie- Og Gasudvinding Danmark B.V. for a consideration of USD 1.9 billion. Through this transaction, Noreco becomes the second largest oil and gas producer in Denmark […]
Uniphar plc, the largest integrated healthcare supply and services provider in Ireland, has acquired AngioCare, an independent distributor of diagnostic and interventional therapeutic solutions in cardiology, (neuro) radiology, vascular surgery and oncology.
Stek advised Uniphar in collaboration with the Irish law firm William Fry.
Stek advised Solar Works! B.V. and its shareholders on the equity investment by EDPR in the company. Solar Works makes solar energy products that help people in areas to have little or no access to electricity. Solar Works was founded in 2007 in the incubator of the Technical University of Delft. EDPR is a leading renewable […]
Stek advised Limburgs Energiefonds on the acquisition of Mijnwater from the municipality of Heerlen. Mijnwater provides for a cost effective operation and exploitation of heat and cold as a source of renewable energy by using mine water (mine passages of closed coal mines that have been filled with groundwater). Mijnwater developed innovative infrastructure for the distribution […]
Stek advised Nuon on its acquisition of two solar park projects from developer Powerfield, and has an option to acquire a third solar park. In total, the three parks add up to 27.5 MW. The locations of the parks are in Coevorden (7 MW), Gasselternijveen (3,5 MW) and Dokkum (17 MW). Please click here […]
Stek advised Inteno on its acquisition of Genexis Group, including subsidiaries in the Netherlands, Germany and Sweden. The combined Inteno Group is one of the major European providers of connected home platforms and residential gateways. Inteno is a portfolio company of Accent Equity Funds. Please click here for the press release of Inteno.
Stek has represented the representative organisation Netbeheer Nederland and the regional distribution companies Liander, Enduris and Coteq in appeal proceedings before the Administrative High Court for Trade and Industry (CBb) against the method decisions of the Authority for Consumers and Markets (ACM) for the regional distribution companies electricity and gas for the period 2017-2021. By judgment […]
Stek has advised ABN AMRO Participaties on its acquisition of a majority of the shares in MPS, a global provider of high-end print solutions, including labels and flexible packaging materials for the food, beverage and medical industries. ABN AMRO Participaties acquired the shares in MPS from Braver Investments B.V., Ontwikkelingsmaatschappij Oost NL B.V. and the founders […]
Lagerwey is a Dutch designer and manufacturer of direct drive wind turbines, most of which in house. The company has been delivering sustainable wind energy since 1979. ENERCON is a leading international wind turbine manufacturer based in Aurich, Germany and operates in more than 30 countries. With this strategic investment in Lagerwey, ENERCON strengthens its portfolio […]
Stek represented Stedin Group with respect to the auction sale of Joulz Energy Solutions (JES). It is planned that in the third quarter of 2018 the legal ownership of JES will transfer to Visser & Smit Hanab, a subsidiary of Royal VolkerWessels Group. JES is a specialist in complex medium and high-voltage applications.
Click here […]
Stek successfully represented German entities Beacon and Catana in appeal proceedings before the Amsterdam Court of Appeal on the unlawful termination of a loan agreement in the amount of EUR 2 million by Japanese Nissui Group. The Amsterdam Court of Appeal nullifies the judgment of the Amsterdam District Court and rules that no event of default […]
Stek has successfully represented distribution company Liander in the objections procedure initiated by VEMW (the Association for Energy, Environment and Water) against the decision of the Authority for Consumers and Markets (ACM) setting the electricity connection and transportation tariffs of Liander for 2018.
By decision of 25 May 2018 ACM ruled the objections of VEMW partly […]
Stek advises Egeria and its portfolio company Ilionx on the acquisition of a majority interest in QNH, a Netherlands-based company that specialises in IT business integration. QNH helps organizations to adjust and improve their business operations through the use of smart IT solutions. The company employs 470 people in Dutch offices in Amsterdam, Maastricht, Groningen, Eindhoven […]
Stek assisted Rabobank in the sale of payments service provider MyOrder to Ease2pay. Ease2pay N.V. (via its subsidiary Ease2pay B.V.) combines forces to accelerate the mobile payment & loyalty market. Ease2pay and MyOrder are currently active with a mobile tank and parking solution and after a period of intensive consultation with Rabobank it has been decided […]
Stek has successfully represented grid operator Liander in a dispute before the Authority for Consumers and Markets (ACM) pursuant to a complaint submitted by Notos Wind. Notos Wind argued that it has the right to a connection of more than 2 MVA to the local distribution grid. Liander has explained that connections of more than 2 […]
Airlines are able to offer more flights from Schiphol Airport this summer. The remaining capacity of flights at Schiphol Airport which was held back by Schiphol should be used this summer. That is what the District Court of Noord-Holland decided in a summary proceedings judgement started by Corendon, Easyjet and TUI. It involves around 2.700 flights. […]
Stek advises management of Portiva on the investment by Green Park Investment Partners. Portiva is an IT consultancy company with a strong focus on Microsoft Productivity solutions. Portiva employs 65 specialists who advises large corporate customers in Europe on their digital transformation. Originally Belgian based Green Park Investment Partners does it second deal in the Netherlands […]
Stek has successfully represented energy supplier Eneco in the appeal of easyEnergy before the Board of Appeal of the Dutch Advertising Code Authority. By decision of 22 February 2018 the Board of Appeal found the appeal of easyEnergy wholly unfounded and upheld the decision of the Advertising Code Committee of 22 December 2017 in which the […]
Stek advises Clondalkin, part of private equity firm Egeria in the sale of Cats Flexible Packaging, Hänsel and Nimax to Schur Flexibles. Cats Flexible Packaging and Hänsel are specialized producers of packaging solutions for premium confectionary with locations in Rotterdam (the Netherlands) and Freital (Germany). Nimax is focused on innovative paper based solutions in the tobacco […]
Stek acted for the Ridder group in the sale of its subsidiary Ridder Data Systems to Trivest Software Group. Ridder Data Systems is a renowned ERP supplier in the manufacturing industry. Trivest is a portfolio company of private equity investor Nedvest. Please click here for the press release on the transaction.
Stek advises KION Group AG on the reorganization of its group-wide cash pooling. Click here for the press release.
Housing corporation Ymere will green at least 8,500 rental homes in Amsterdam with solar panels and LED lighting. For this purpose, Ymere has made its roofs available to Iederzon. Iederzon has attracted financing for this project from BNG Bank as senior financier and from the municipality of Amsterdam and two crowdfund platforms, Zonnepanelendelen and Greencrowd, as […]
Stek has successfully represented Eneco in a complaints procedure before the Dutch Advertising Code Committee. The complaint was directed against the advertising by easyEnergy. By decision of 22 December 2017 the Advertising Code Committee ruled that the advertising of easyEnergy is misleading and violates the Dutch Advertising Code and has advised easyEnergy to no longer advertise […]
Stek advises Elementis PLC (LON:ELM) in the sale of Elementis Specialties Netherlands BV to Swiss chemicals company Kolb Distribution, belonging to the Malaysian KLK group. Elementis Specialties has a plant in Delden, the Netherlands which employs 200 persons and manufactures surfactants and other specialty chemicals. The sale is subject to works council consultation and merger clearance. […]
Stek has assisted Afvalfonds Verpakkingen, the packaging waste fund of producers and importers, and AEB Amsterdam, the waste solutions provider, in devising their innovative co-operation. The long-term co-operation consists of a partnership for the post-separation of plastic packaging waste that is unique in the Dutch market. In this process Stek has worked closely and pleasantly with […]
Stek has advised Standard Investment on the financing of its acquisition of Riedel from dairy company FrieslandCampina. The senior financing is arranged by Rabobank and ING Bank and the mezzanine financing by Dutch Mezzanine Fund. Riedel has developed itself to become market leader in long-life and refrigerated fruit juices and fruit drinks. Press here […]
Stek advised Raiffeisen Bank International in the financing of the Hyatt Regency Amsterdam, a 5 star hotel in Amsterdam.
Stek has represented Transavia in a hearing before the General Court of the European Union in a state aid case relating to Transavia’s activities at Pau Airport in France. In October 2015 Transavia lodged an appeal against a European Commission decision, by which the Commission ordered France to recoup illegal state aid from Transavia that was […]
The Amsterdam Climate & Energy Fund (AKEF) has invested in the Amsterdam based startup Aectual 3D. Aectual 3D manufactures building elements (such as stairs, floors, columns, wall panels, etc.) using XL 3D print technology, which uses significantly less concrete and saves on CO2 emissions. For more information please click here.
American specialty paper manufacturer Neenah Paper, Inc (NYSE: NP) has acquired all shares in the capital of Coldenhove Papier, a Dutch paper manufacturer which was founded in 1661. Please click here for the press release.
Stek advises the Amsterdam Climate & Energy Fund (AKEF) and Titan LNG (a supplier of LNG to the marine and industrial markets in North West Europe) on the financing of Europe’s first LNG bunkering pontoon, the FlexFueler001. AKEF is an investment fund having the City of Amsterdam as largest investor, and providing […]