Stek has successfully assisted energy supplier Eneco in a complaints procedure before the Dutch Advertising Code Committee. The complaint was lodged against recent advertising by MKB Collectieven on behalf of energy supplier Total Gas & Power. In its decision of 16 May 2017 the Committee ruled that the advertising as meant in the complaint was unfair […]
Stek advised BNG Bank and Rabobank in the financing and the project due diligence of the Trias Westland project in the Netherlands. Trias will be the first to carry out drillings in the Triassic at a depth of 4 kilometres. For more information please refer to the press release.
Poeka Holding sold all its shares in Goed Gemerkt, a manufacturer of durable, personalized “kids’ labels” for the Benelux and German markets (goedgemerkt.nl) to Avery, a division of CCL Industries. Avery is a worldwide leading manufacturer of printable labels and cards. Click here for press coverage on this transaction.
Stek assists Stedin Holding N.V. in the auction sale by PZEM N.V. (PZEM, previously named DELTA) of all shares in Zeeuwse Netwerkholding N.V., including, inter alia, regional network operator Enduris B.V. and De Netwerkgroep Infra B.V. (together DELTA Netwerkgroep or DNWG) for an enterprise value of EUR 610 million. The sale of DNWG is part of […]
A banking consortium of ASN Bank, ING Bank, Rabobank and SMBC has agreed to provide financing to Windpark Krammer for the construction of 34 Enercon wind turbines on and around the “Krammersluizen” in the Province of Zeeland. With a total investment in excess of EUR 200 million and a total capacity of 102Mw Windpark Krammer is […]
Stek advises shareholders of energy company Nuts Group in the sale of 50% of Nuts Group to Waterland Private Equity. Nuts Group – through its Budget Energie and Elegant brands – provides green energy and gas to approximately 800,000 connections in Belgium and the Netherlands.
Stek has successfully represented the shippers DONG Energy (DK), RWE Trade & Supply (D) and Eneco in reclaiming many tens of millions of euros in paid tariffs. It concerns tariffs for the WQA (Wobbe Quality Adaptation) service of Gasunie Transport Services (GTS) at the Gate LNG terminal in Rotterdam. By dispute resolution decisions of 27 November […]
Challenger Acquisitions has sold the engineering group Starneth to its chief executive officer Chiel Smits. Starneth is an engineer of giant observation wheels such as The London Eye and the New York Wheel. Challenger Acquisitions Limited is an investment fund in the entertainment and leisure sector that is listed on the London Stock Exchange (CHAL). Please […]
Stek has successfully represented three subsidiaries of the Dümmen Orange Group, a leading company in – amongst others – breeding and development of cut flowers and potted plants, in civil litigation before the Rotterdam District Court. Litigation was initiated by an agrarian employment agency challenging the rightful termination of several agreements and claiming damages in the […]
NIBC, NOM and management divested all shares in Noordlease Holding to Hitachi Capital Corporation on 31 January 2017. Noordlease Holding and its subsidiaries are active in the vehicle lease business. Stek advised the sellers on this transaction (and had previously advised them on their acquisition of Noordlease in 2014). Click here for the press […]
Paragon Partners has acquired the Novagraaf Group. Novagraaf Group is the world’s largest trademark filer and a major patent filer, managing more than one million intellectual property assets worldwide. Paragon Partners is investing in Novagraaf by acquiring a majority stake from, among others, its former shareholder Gilde Buy Out Partners. Paragon Partners is an independent German […]
Ennatuurlijk and BeGreen have jointly entered into an agreement with Nuon for the purchase of five heat grids located in Culemborg, Wageningen, Hilversum, Zandvoort and Velp Schoonoord. As from 1 January 2017 Ennatuurlijk and BeGreen will jointly operate the five heat grid installations. Stek advised Ennatuurlijk in relation to the joint venture and further structure of […]
YARD ENERGY, a Dutch based developer of wind energy projects, sold nine wind farms in The Netherlands to Eurus Energy Holdings Corporation, a leading Japanese renewable energy company. The wind farms have a combined capacity of 72.5 MW. YARD ENERGY and Eurus Energy have also agreed to expand their collaboration for the development and realization of […]
Maas Capital Renewables (100% owned by ABN AMRO Bank N.V.), a dedicated investor in renewable energy, and YARD ENERGY, a Dutch based developer of wind energy projects, sold two wind farms in Finland to Eurus Energy Holdings Corporation, a leading Japanese renewable energy company. The wind farms have a total capacity of 27.5 MW and consist […]
Parcom Capital has acquired a substantial minority interest in Simpel. On the Netherlands market of mobile communication services, Simpel has a leading position in the budget, sim-only segment. The transaction was announced on 30 August 2016 and was successfully completed on 6 October 2016, after the approval of the Netherlands competition authorities had been obtained. Please […]
Fintage House has sold its music publishing and neighbouring rights business to Kobalt Music Group. The business collects music royalties worldwide for many of the greatest names in the music industry, including Bruce Springsteen, Justin Bieber, Katy Perry and Britney Spears. Please click here for the press release.
Stek has successfully represented energy distribution company Liander in a dispute before the Authority for Consumers and Markets. The dispute resolution procedure was initiated by a complaint of paper producer Parenco. Parenco argued that electricity TSO erronously operates on the assumption that Parenco has a connection on its grid instead of that of Liander. By decision […]
Stek has successfully represented media company Initiative Media, part of IPG Mediabrands (Nasdaq: IPG), in a large public procurement dispute. It concerns the tender for the strategy, planning and procurement of all media spending by the Dutch State, including its agencies and companies such as the Dutch Tax Authority and National Railways. After Initiative Media had […]
Stek has successfully represented distribution company Stedin Netbeheer in an appeal procedure before the Court of Appeal in The Hague in a complex dispute with energy supplier Greenchoice. After prevailing in first instance before the District Court in Rotterdam (click here for the judgement (in Dutch)) the Court of Appeal by appeal judgment of […]
Stek, in cooperation with Brussels firm Oswell & Vahida, acted for Lone Star Funds in filing a merger notification with the Dutch Authority for Consumers and Markets (ACM) for the acquisition of Propertize. On 2 August 2016 ACM approved this much discussed transaction. Please click here for more information and here for […]
Stek advised PitPoint, a portfolio company of Bencis Capital Partners, on setting-up a joint venture with Primagaz. The newly formed joint venture will focus entirely on the exploitation of LNG for the automotive and marine market. As part of the transaction, Stek also assisted PitPoint and Primagaz in obtaining first phase merger clearance from the European […]
Stek advised NIBC Mezzanine & Equity Partners on the management buy-out of Fletcher Hotels. Founder Chris Luken sold Fletcher Hotels to the existing management team and investors Xead Group and NIBC. Fletcher Hotels operates 73 hotels and is the largest hotel chain in the Netherlands. Please click here for more information.
Swedish company Thule Group (Nasdaq Stockholm: THULE) has acquired the Dutch company GMG B.V., the leading company in child bike seats in the Benelux market under the brand YEPP. Please click here for the press release.
Stek advised Oaktree Capital, a leading US investment management firm that is listed on the New York stock exchange, on its acquisition of a majority stake in Tribes. Tribes is an office concept which offers flexible office space. Press here for the press release (in Dutch).
After an extensive investigation the Authority for Consumers and Markets (ACM) has denied the request of RWE Benelux Holding to take legal action against Alliander. According to RWE Alliander violated the so-called group prohibition and/or the prohibition on ancillary activities. More specifically the complaint focused on the activities of Alliander subsidiaries Allego, HOOM, MPARE and EXE. […]
Stek has assisted the shippers DONG Energy and Eneco Energy Trade in a dispute with Gasunie Transport Services (GTS) before the Authority for Consumers and Markets (ACM). The dispute related to the tariff for the so-called Wobbe Quality Adaptation (WQA) service, the service to process the gas imported via the Gate LNG terminal. By decision of […]
The Amsterdam Climate & Energy Fund (AKEF) is investing in GrowX, which specializes in the building and exploitation of vertical farms. The investment is made partly in an equity stake and partly as a loan. The first project, GrowX Amsterdam, will be a multilevel ‘farm’ for salads and herbs in a 1300 m² empty office building, […]
Stek has advised ABN AMRO and NIBC in the financing of the acquisition of a majority stake in IGS GeboJagema by private equity firm Nordian Capital. IGS GeboJagema is one of the market leaders in the world of development, production and validation of moulds for plastic products in the optical and medical industries. Prior […]
Stek has advised Rabobank in the financing of the buy out in Dutch Power Company (DPC) by private equity firm ABN Amro Participaties. DPC is the parent company of the companies Conver, Herder, Precision Makers, Roberine and Votex. The companies specialize in roadside, green and ditch maintenance in combination with devices operated autonomously by […]
Stek has advised Rabobank in the financing of the acquisition of a majority stake in BouWatch by private equity firm Nordian Capital. BouWatch is the market leading provider of temporary security solutions for outdoor locations, e.g. construction sites, industrial infrastructure, events or locations where high value goods need to be kept safe and secure. […]
Stek has advised the Dutch banks ING Bank, NIBC Bank and Rabobank in the financing of the acquisition of the human resources services provider The Employment Group (portfolio company of Bencis) and secondment agency for technical professionals KP&T (portfolio company of Mentha Capital) by private equity firm Egeria. In addition, Stek has […]
Zenith Energy has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc. Zenith expects to take ownership of the terminal by the end of Q1 2016, following a transition process. The terminal assets are strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which […]
Stek advised Tendris and Imtech Traffic & Infra B.V. on the sale of Lemnis Public Lighting (LPL) and Innolumis Public Lighting (IPL) to Option. Option is a Belgian publicly listed technology company. LPL and IPL are manufacturers of lighting for the public space based on LED lightning. Please click here for the press release.
Stek has assisted the shippers DONG Energy, RWE Trade & Supply and Eneco Energy Trade in a dispute before the Authority for Consumers and Markets (ACM) with respect to the qualification of the so-called WQA (Wobbe Quality Adaptation) service. This WQA-service is provided by Gasunie Transport Services (GTS) in the vicinity of the LNG-terminal of Gate […]
On 1 January 2016, installation company Feenstra, a subsidiary of Nuon, sold its isolation activities to Takkenkamp Groep. Please click here for the press release.
By a decision of 23 July 2014 the European Commission decided that an agreement between Transavia and Pau Airport constitutes state aid to Transavia that is incompatible with EU rules. Transavia has lodged an appeal against this decision with the General Court of the European Union in Luxembourg. Stek represents Transavia in […]
Stek has assisted energy supplier Oxxio, a part of Eneco, in a complaints procedure before the Dutch Advertising Committee. The case evolved around a complaint against the recent advertising competitor of competitor Energiedirect over the alleged “lowest tariff” of Energiedirect. On 4 December 2015 the Committee ruled all expressions that were part of the complaint of […]
Tideland Signal Corporation (“Tideland”) has acquired the IMT Group. The IMT Group develops innovative lighting, navigation and signalization products and systems and operates though subsidiaries in The Netherlands, the UK, Singapore, Germany and Dubai. Tideland delivers world leading aids to navigation solutions, products, services and customer care. Tideland is a portfolio company of Rock Hill Capital. […]
The New Motion, European market leader in charging solution for electric vehicles, has welcomed Egis as a new shareholder. Egis strengthens its position in eMobility and supports The New Motion’s network expansion in Europe and more specifically in France, a rapidly growing electrical vehicle (EV) market. Click here for the press release.
Belgian brewer Duvel Moortgat has acquired an equity stake in Amsterdam brewery Brouwerij ‘t IJ. Brouwerij ‘t IJ will use the support of Duvel to expand its business. Please click here for the press release (in Dutch).
On 15 September 2015 AutoBinck acceded as a new shareholder of The New Motion, provider of charging solutions for electric vehicles. Its existing shareholders and founders also contributed to the investment round. Please click here for the press release.
From the bankruptcy of Dutch technical services group Imtech, the English private equity firm Endless LLP has acquired the shares of Imtech Suir Engineering Ltd and its subsidiaries Imtech Suir MEC Limited, Imtech Suir Saoudi Arabia LLC and Imtech Suir Quatar LLC. The transaction has saved 700 jobs in Ireland. Please click here for […]
The shareholders of ACA Groep Holding B.V. have sold their shareholding to Total Specific Solutions B.V. ACA is the market leader in the fashion industry software sector. Please click here for the press release.
Stork, the global provider of knowledge-based asset integrity services focused on the oil & gas, chemical and power sectors, has sold its activities in Doetinchem, the Netherlands to VINCI Energies. Please click here for the press release.
Stek advised NIBC on its participation in BECC B.V., which acquired the biomass power plant Cuijk from RWE Generation. BECC is a joint venture between NIBC and Biosco B.V. BECC intends to take the biomass plant into renewed operation in the coming months.
Swedish company Sensys Traffic AB (Nasdaq OMX Stockholm: SENS) has acquired Gatso Beheer B.V., a Dutch supplier of traffic enforcement equipment. The merger of the operations of Sensys Traffic and Gatso will create the largest supplier of traffic enforcement equipment.
Please click here for the press release.
Stek advised 4C, a data science software company in the field of advertising, on its acquisition of Teletrax from Civolution. Teletrax provides solutions for real-time television analytics and cross-screen synchronized marketing campaigns. Click here for the press release.