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Stek advises PitPoint on LNG joint venture

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…

Stek advises NIBC on its investment in Fletcher Hotels

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…

Stek acts for Thule in acquisition of child bike seat company GMG

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 advises Oaktree on its participation in Tribes

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).

Stek assists Alliander in successful defence against request for ACM action

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…

Stek again successful for DONG and Eneco

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…

Stek advises the Amsterdam Climate & Energy Fund in vertical farming investment

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…

Stek advises ABN AMRO and NIBC in the financing of the acquisition of a majority stake in IGS GeboJagema by Nordian Capital

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…

Stek advises Rabobank in the financing of buy out in Dutch Power Company (DPC) by ABN Amro Participaties

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…