Philippe specialises in notarial company law which involves restructuring (of both for-profit and non-profit organisations), mergers and acquisitions, joint ventures, and venture capital and financing. He is also involved in the creation of security, in particular pledges on shares in public and private limited liability companies, memberships of cooperatives, and partnerships. After completing his studies in notarial law (real estate law, family law and the law of legal entities), Philippe joined Houthoff’s corporate law team in Amsterdam in 1999. In June 2001, he completed the professional training course for civil-law notaries. Philippe is a company law lecturer at the Legal Academy (Juridische Academie).
Qualifications & Experience
- Notarial Law (University of Groningen)
Houthoff acted as Dutch counsel in connection with the preparation and implementation of the settlement plan relating to the Agrokor group. Agrokor entered into an insolvency process in 2017 under 'Lex Agrokor', a law passed in Croatia aimed at the restructuring of Agrokor in view of its systemic importance for the Croatian economy. The business has been transferred to the Fortenova Group.
Houthoff advised Latour Capital and Bpifrance (Banque publique d’investissement), together with Cleary Gottlieb Steen & Hamilton LLP, in connection with their consortium acquisition of Plastic Omnium Environment BV, the environment division of Plastic Omnium. The purchase price amounts to €220 million.
Houthoff advised Nobia on the acquisition of Bribus Holding B.V., a Dutch kitchen supplier with annual sales of approximately EUR 65 million. Bribus was founded 90 years ago and is acquired from Bernhard ten Brinke, who remains in the company.
Advising OSX Brasil S.A. (a Brazilian publicly listed oil and gas company) and the Dutch OSX group of companies on the restructuring of their consolidated debt of over US$ 2.5 billion, including representing the OSX companies in various litigation and restructuring matters in the Netherlands as well as coordinating litigation abroad. The team is also involved in the restructuring of OSX debt structures, more specifically related to OSX 3, the USD 450 million bond structure and recently OSX 2, the syndicated debt of USD 850 million.
The OSX restructuring is currently the largest restructuring case in Latin America, with several billions of dollars at stake. An important part of the OSX group of companies is located in the Netherlands. The Dutch aspects of the matter, and thus the Dutch litigation, are crucial to the OSX global restructuring plan.
Advised US based private equity firm TwentyTwo Real Estate on the indirect acquisition and the restructuring of a real estate portfolio consisting of approximately 7,600 dwellings in France that are rented to Electricité de France (EDF). The portfolio value amounts close to EUR 1 bln.
Paul, Weiss together with Houthoff advised Apollo Global Investment in the 80.1% interest in Lumileds, a leading supplier of LED components and automotive lighting. Philips will retain the remaining 19.9% interest in Lumileds.