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Stek advises Enercon in connection with Windpark Krammer

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…

Stek advises shareholders of Nuts Group in sale to Waterland

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 successful for DONG, RWE and Eneco in reclaiming tens of millions of euros from Gasunie

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…

Stek advises Challenger Acquisitions on sale of the Starneth engineering group

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…

Stek successful for Dümmen Orange Group in civil court litigation

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…

Stek advised shareholders of Noordlease on sale to Hitachi

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…

Stek advises Paragon Partners on its acquisition of the Novagraaf Group

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.

Stek advises Ennatuurlijk on the joint venture with BeGreen

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…

Stek advises YARD ENERGY on the sale of nine wind farms to Eurus Energy

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…