De Brauw Blackstone Westbroek

Netherlands

IFLR1000 Reviews

Financial and corporate

Founded in 1871, Dutch law firm De Brauw Blackstone Westbroek boasts a team of 60 partners. The firm is headquartered in Amsterdam and has offices in Brussels, London, Shanghai and Singapore. 

Focusses / specialisms

De Brauw Blackstone Westbroek has particularly strong M&A, equity capital markets, projects and restructuring offerings.

The work of the banking team often supports other practices in the firm, often acting on financings related to acquisitions. The firm also has a robust projects finance practice and is particularly strong in financing work for borrowers.

The capital markets team advises both corporations and banks on debt, equity and regulatory matters and has top-notch expertise in equity transactions. The firm notably houses the largest pure-play equity capital markets team in the Netherlands.

The firm is regularly involved in the market’s largest M&A transactions and has experience in acting for acquirers and sellers. The firm works for a mix of local and global private equity houses on their strategic investments and divestments, while it also counts the investment arms of Dutch banking groups such as ABN Amro, Rabobank and ING as its clients.

The firm’s market-leading projects team is recognised for its PPP expertise and is experienced in advising stakeholders, including government entities, sponsors, investors, and lenders.

Key clients

Noteworthy clients include Unilever, Royal Vopak, GATE Terminal, Central Bank of Curacao and St Maarten, IHC, GrandVision, and Silverfleet Capital Partners.

Research period review: 30th edition (2019/2020)

The banking team notably acted for TenneT Holding on the largest sustainable revolving credit facility in the Benelux.

Recent capital markets highlights include advising on IPOs, bookbuild offerings, bond issues, listings, and share buybacks.

A high-profile corporate deal saw the firm act for sellers in the high-value sale of a stake in Eneco Group to Mitsubishi Corporation and Chubu. In another headline-worthy transaction, the firm advised Fiat Chrysler Automobiles on a merger with Peugeot.

An interesting projects mandate saw the firm advise on the Porthos, the first large CCUS (carbon capture, utilisation and storage) project in the Netherlands to cut carbon emissions.

In restructuring and insolvency, the firm notably advised Rabobank as a stakeholder in the restructuring of IHC, which is the second-largest shipbuilding company in the Netherlands. The firm also advised Jet Airways on its high profile cross border bankruptcy.

During the review period, Sven Dumoulin joined the corporate team as a partner from AkzoNobel, while partner Bernard Roelvink left for COFRA Holding.

Deal highlights: 30th edition (2019/2020)

Digital Realty $8.4 billion acquisition of InterXion Holding

Fiat Chrysler Automobiles / Peugeot merger

Jet Airways insolvency

Mitsubishi Corporation and Chubu €4.1 billion acquisition of a stake in Eneco Group

Porthos

TenneT Holding €3 billion refinancing

Client feedback: 30th edition (2019/2020)

Banking

“Knowledge, availability day and night, effective teamwork, good relationship management, smart, and accurate.”

“Very thorough.”

 

Capital markets

“The DeBrauw team is extremely talented and responsive. The team led by Jan Willem Hoevers is perhaps the most experienced in the Dutch market.”

 

Financial services regulatory

“In-debt knowledge of the legal environment, fast and hands-on responsiveness, multi-disciplinary support if needed, and frequent know-how meeting for clients.”

 

M&A

“They are thorough and innovative in their approach, which gives various angels and ways to reach the goals.”

 

Restructuring and insolvency

“Content knowledge, teamwork within the law film, availability, honest in their opinion, have the strength to disagree and confront the customer with their view.”