8 October 2019
- Gregory Crookes, Jonny Myers, Spencer Baylin, Han Kalule, Edward Holmes, Reuben van Werkum, Floris Van de Bult, Jenine Hulsmann, Frans Muller, Michiel Sunderman, Folko de Vries, Liesbeth Buiter, Jaap Tempelman
Clifford Chance advises Partners Group on the sale of Vermaat Groep B.V.
Clifford Chance has advised Partners Group on the sale of Vermaat Groep B.V., the Dutch market leader in outsourced catering and hospitality services. The company will be acquired by Bridgepoint, an international private equity group. Partners Group will retain a minority position in the Company on behalf of its clients following the completion of the transaction. The agreement on the sale of Vermaat is subject to advice from the Dutch Works Council and approval from relevant regulatory bodies.
Partners Group, acting on behalf of its clients, acquired Vermaat from its founding family in 2015, when it had a total of 231 outlets in the Netherlands and generated annual sales of EUR 138 million. Today, Vermaat has 350 premium food and beverage outlets across the Netherlands, including restaurants, bistros, cafés and canteens, and a growing presence in Germany. The company employs over 4,000 people and is expected to generate close to EUR 300 million of sales in 2019.
The multi-jurisdictional Clifford Chance team was led by Gregory Crookes, Amsterdam-based Partner, and Jonny Myers, Global Head of Private Equity in London. The team also included Spencer Baylin, Han Kalule, Ed Holmes, Willemijn de Wit, Reuben van Werkum, Sebastiaan van Steenbergen and Marina Sarkisjan (Corporate), Floris van de Bult and Marije Senne (Employment), Jenine Hulsman and Frans Muller (Antitrust), Michiel Sunderman (Tax), Folko de Vries (Finance), Liesbeth Buiter and Lotte de Bruin (Real estate) and Jaap Tempelman (IP/IT/data).
In the past year, the firm has advised Partners Group on a number of matters, including its investment in a 500MW subsea and undergound interconnector between Great Britain and Ireland, its acquisition of Megadyne and Ammeraal, and on its consortium formation for US$1.34 billion real estate acquisition in Beijing's technology hub.