Clifford Chance

Clifford Chance Amsterdam advises on the sale of Royal Reesink

Clifford Chance Amsterdam advises River Holding B.V., an entity controlled by private equity firm Gilde Buy-Out Partners with Teslin Participaties Coöperatief U.A. and Navitas B.V. as co-investors, on the sale of Royal Reesink to an entity controlled by funds advised by private equity firm Triton Partners. Completion of the envisaged transaction is expected in the second half of 2019 and is subject to customary approvals by regulatory authorities. The agreement is also subject to the completion of the consultation process with Royal Reesink’s works council. The Clifford Chance team also advised Gilde Buy-Out Partners and the co-investors when Royal Reesink was taken private through a public offer and subsequently delisted in 2016.

Royal Reesink is one of the largest international equipment distribution and aftermarket services platforms. The company is a long-standing partner for major A-brand OEMs and is active in the agriculture, turf care, material handling and construction industries and hydraulics business.

The team consisted of Hans Beerlage, Tim Heerschop, Amir Adl Rudbordeh, Sophie Wijdeveld, Ralph van Os and Robin Traas (Corporate). Michiel Sunderman and Stern Flik advised on tax matters. Floris van de Bult, Sanne Blankestijn and Marije Senne advised on the employment aspects of this transaction. Frans Muller, Céline Vermeulen and Jurre Jurriëns advised on antitrust and compliance matters. Folko de Vries, Sarah Lewis, Victor ten Have, Noor Corsten and Merel Vermolen were involved with respect to the financing aspects of this transaction.

The team assisting on due diligence consisted of other lawyers from the Corporate team, the Financial Markets Group and the IP, Pensions and Real Estate teams of Clifford Chance Amsterdam and lawyers from Clifford Chance Brussels (led by Niek de Pauw with the assistance of Chloé van der Velpen and Audrey Demeyer), Clifford Chance Frankfurt (led by Frederik Mühl with the assistance of Maria-Franziska Röntsch and Daniel Gutmann), and Clifford Chance London (led by Robert Crothers with the assistance of Edwin Wong).