Stek advises ASN Bank on the project financing of the biomass plant to be constructed and operated by Afval Energie Bedrijf Amsterdam.
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 acquisiton 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 Audax Retail B.V. on its merger with retail chain Retail Development Company (RDC Holding B.V.). The retail formulas of both organizations will continue under Audax Retail. Audax is the media company of publishing family De Leeuw. Among other things, the company owns the AKO chain, which has one hundred stores and operates from stations, […]
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 […]
Shell, one of the world’s largest energy providers, has acquired NewMotion in a deal that will enable both companies to accelerate the transition to low-carbon transport. Under the terms of the deal, NewMotion will remain focused on accelerating its mission in Europe by delivering more innovative smart-charging solutions to homes, businesses and public parking spaces. Stek […]
Stek has advised ING Bank on the financing of the acquisition by H2 Equity Partners of One Way Plastics. One Way Plastics is a developer and manufacturer of disposable piping bags for bakers and chefs. Press here for the press release.
Following the judgment of the Supreme Court of 26 June 2016 (ECLI:NL:HR:2016:1267) the appeal court in The Hague has rendered a landmark judgment in a dispute on municipal tax on encroachments on, over and under public land and water (precario). The dispute evolves around a tax assessment of EUR 544,695 imposed on distribution company Enduris by […]
Stek advises Vattenfall/Nuon on the acquisition of 32 wind turbine positions of the members of Windcollectief Wieringermeer. As a consequence Nuon will own a total of 82 wind turbines (295 MW) at the future Wieringermeer wind farm, which will be the largest on shore wind farm in the Netherlands. Nuon already owns 50 wind turbines. Click […]
In 2016 Stek successfully assisted Alliander before the Authority for Consumers and Markets (ACM) in the request for sanctions of RWE (Innogy) against Alliander’s subsidiaries Allego (electrical charging infrastructure), MPARE, EXE and HOOM. By letter of 9 Feburary 2016 and decision of 22 April 2016 ACM rejected this request for sanctions and ruled that the activities […]
Stek has successfully represented Tata Steel Ijmuiden in a dispute resolution procedure before the Authority for Consumers and Markets. Tata Steel was the complainant in that procedure and argued that TenneT, the national electricity transmission system operator, had not adequately performed its statutory tasks. The background to the complaint is the large-scale power interruption in the […]
Stek has assisted HVC, KAS Energy and Eneco in obtaining merger control approval of ACM (the Authority for Consumers and Markets) for their participation in PVNED. Previously PVNED was owned in equal parts by PZEM (previously DELTA) and Eneco; after the transaction PVNED is owned in equal parts by Eneco, HVC and KAS Energy. Click […]
Stek’s Competition Litigation team has succesfully defended tour operator Corendon against a large claim initiated by its former travel agent Prijsvrij based on an alleged infringement of the cartel prohibition contained in Article 6 of the Dutch Competition Act and Article 101 of the Treaty on the Functioning of the European Union. According to Prijsvrij, Corendon […]
Stek has successfully represented two shareholders in the German HKB Bank in summary proceedings before the Amsterdam District Court. Litigation was initiated by HKB Bank claiming payment in the amount of EUR 10 million based on an agreement entered into between the parties in 2014. In its judgment dated 20 July 2017 the District Court dismissed […]
Stek has advised Nordian Capital on the financing of its acquisition of De Jong Gorredijk from Noordelijke Participatie Maatschappij. The financing is arranged by ABN AMRO Bank. De Jong is a market leading product engineer and manufacturer of stainless steel hot water tanks. Press here for the press release.
E-Kite is a high-tech start-up company active in designing, manufacturing and marketing of kite power systems. For more information about E-Kite and its technology please refer to E-Kite’s website.
Stek advises DHG on the acquisition, through a holding entity, of 100% of the shares in the capital of M.P.S. Personnel Services B.V. from Peinemann Mobilift Group B.V. Simultaneously 100% of the shares in the capital of VPR Detachering B.V. and Uitzendbureau VPR B.V. were acquired by the holding entity. M.P.S offers operators, forklift drivers, logistical […]
Stek advises IlionX Investments in the sale of a majority interest in the IlionX Group to private equity fund Egeria. IlionX Investments is a vehicle through which management holds all shares in the IlionX Group. The IlionX Group is an independent IT-service provider with 350 employees and a turn-over of over EUR 50 million. Stek also […]