Matter 28 March 2025

Exor launches EUR 1 billion share buyback tender offer

De Brauw has acted as lead counsel to Exor on a EUR 1 billion share buyback tender offer. The tender offer will be executed via a reverse "Dutch auction", allowing qualifying shareholders to select the price at which they wish to sell their shares back to Exor within a pre-determined price range, extending in 1% increments, from a 3% discount to a 10% premium over a VWAP reference price. The tender offer is supported by Exor majority shareholder Giovanni Agnelli B.V., which has committed to participate for an amount of up to EUR 250 million at whatever price is ultimately determined to be the strike price (as a 'strike price tender'). As trusted lead legal adviser to Exor, De Brauw was involved in all strategic and legal aspects of the tender offer, the majority shareholder commitment, and the drafting of documentation including the offer memorandum.
Matter 13 March 2025

Thorizon secures EUR 20 million in Series A to advance molten salt reactor development

De Brauw has advised the start-up Thorizon on securing EUR 20 million in funding to accelerate the development of its innovative molten salt reactor technology that uses nuclear waste as fuel. The EUR 20M will fund prototyping, licensing and demonstration of Thorizon One’s cartridge fuel system, a game-changer towards molten salt reactor industrialization.
Matter 28 February 2025

Record EUR 3 billion Ferrari ABB by Exor

De Brauw has acted as lead counsel to Exor in its EUR 3 billion sale of Ferrari N.V. common shares through an accelerated bookbuild offering, constituting the largest ABB in the Eurozone of at least the last 10 years. The transaction will reduce concentration in Exor's portfolio and allow for a sizeable new acquisition, when such an opportunity presents itself. Exor also intends to use a portion of the proceeds to launch a new EUR 1 billion share buyback program. Following completion of the transaction, Exor will remain Ferrari's single largest shareholder with c. 20% of the economic rights and c. 30% of the voting rights in Ferrari's share capital and remains fully committed as a long-term shareholder of Ferrari. In the context of the transaction, Exor has entered into a 360-day lock-up commitment, with respect to its remaining common shares of Ferrari. Ferrari participated in the ABB by purchasing c. 10% of the total offering for c. EUR 300 million.
Matter 24 February 2025

Just Eat Takeaway.com and Prosus agree on recommended EUR 4.1bn all-cash offer for the shares in Just Eat Takeaway.com

Just Eat Takeaway.com N.V., one of the world’s leading on-demand delivery companies, and Prosus, the global technology company, have reached conditional agreement on an envisaged recommended public offer by Prosus for all issued and outstanding shares in the capital of Just Eat Takeaway.com of EUR 20.30 (cum dividend) in cash per share. The offer values a 100% of the shares at approximately EUR 4.1 bn and is unanimously recommended by Just Eat Takeaway.com’s management board and supervisory board.
Matter 20 February 2025

Axcel acquires De Tandartsengroep from HC Partners through its portfolio company Oral Care to create Northern European dental group

Axcel-backed Oral Care, a Sweden-based dental care service provider in Sweden, Norway and the Netherlands, has signed an agreement to acquire Dutch dental care provider De Tandartsengroep (DTG). The acquisition will significantly expand the group’s presence in the Netherlands and marks another step in Oral Care’s aspirations in becoming a leading dental care group in Northern Europe.
Matter 13 February 2025

De Brauw advises HEINEKEN on its EUR 1.5 billion share buyback programme

De Brauw has advised HEINEKEN in connection with its two-year programme to repurchase own shares for an aggregate amount of EUR 1.5 billion. Heineken Holding, HEINEKEN's majority shareholder, intends to participate pro rata to its shareholding.
Matter 13 February 2025

De Brauw advises Unigel on its USD 860 million reorganisation

De Brauw advised Unigel on its USD 860 million reorganisation. Due to the reorganisation, the Unigel Group's leverage reduced by approximately 50% and certain creditors acquired 50% of the equity interests in the Unigel Group.
Matter 6 February 2025

De Brauw advises Bolton on acquisition of Repair Care

De Brauw advised Bolton, an Italian family-owned fast-moving consumer goods company, on the acquisition of Repair Care, a Dutch company specialising in sustainable (bio)wood repair and maintenance solutions.
Matter 23 January 2025

De Brauw advises Generali on the combination of its asset management business with BPCE

De Brauw advised Assicurazioni Generali SpA, a leading global integrated insurer and asset manager, on the combination of its asset management operations with Natixis Investment Managers, part of Groupe BPCE, a leading French banking group. The deal is valued at EUR 9.5 billion.
Matter 23 January 2025

De Brauw advises Pontegadea on acquisition of minority stake in Q-Park

De Brauw is advising Pontegadea, the investment vehicle of Inditex founder Amancio Ortega and focused on a wide range of sectors as real estate, energy, infrastructure or retail, on the acquisition of a 20% stake in Q-Park from its existing majority shareholder KKR. Q-Park is a leading European parking infrastructure owner and operator, with a large and diversified portfolio of approximately 4,400 owned, leased and managed parking facilities in The Netherlands, Germany, France, Belgium, United Kingdom, Ireland and Denmark. Q-Park focuses on off-street, strategic prime locations and works together with municipalities and landlords to implement sustainable urban mobility plans, leveraging its industry-leading digital capabilities, strategic growth framework and its sizeable and rapidly expanding EV charging offering.
Matter 22 January 2025

De Brauw advises Inflexion on its investment in Baker Tilly Netherlands

De Brauw advised Inflexion, a leading European mid-market private equity firm, on its minority investment in Baker Tilly Netherlands, a leading accountancy and advisory firm. The investment is being made through Inflexion's dedicated minority fund and aims to support Baker Tilly Netherlands' growth plans in the region. Closing of the transaction is subject to clearance by the Dutch Authority for Consumers and Market (ACM) and advice from the works council. The parties are also in ongoing consultations with the Dutch Financial Markets Authority (AFM).
Matter 28 December 2024

De Brauw advises FrieslandCampina on its intended cross-border merger with Belgian cooperative dairy company Milcobel

On 18 December 2024, FrieslandCampina and Milcobel announced their intention to merge. De Brauw assists FrieslandCampina on this important step in the joint future of FrieslandCampina and Milcobel. By combining their forces, a leading dairy cooperative and dairy company will be created. The merger is intended to provide a strong foundation for a future-oriented organisation that has dairy front and centre for member dairy farmers, employees, consumers, and customers.

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