Capital Markets

Capital Markets

Whether you want to raise capital through equity, debt or alternative forms of financing, you need to thoroughly understand the sector and the legal ins and outs of domestic and international capital market regulations. Above all, though, you need experience. Our capital market specialists work in close coordination with our inhouse experts on all the various disciplines that are involved, including M&A, tax, finance and financial supervision. For cross-border transactions, our partnerships with leading law firms around the globe mean that we can provide you with the highest standard of service anywhere in the world.
  • Recommended
    Legal 500, Capital Markets: Debt (2022 Edition)
  • “Houthoff’s team is dedicated, professional and has expert knowledge of Dutch market requirements.”
    Legal 500, Capital Markets: Equity (2022 Edition)
  • First Tier firm
    Legal 500, Capital Markets: Equity (2022 Edition)
  • Recommended
    Chambers Global & Europe, Capital Markets: Equity (2022 Edition)
  • “The team’s scope is subject to praise among clients, one reporting: ‘What I always think is particularly helpful is the breadth of the team.’”
    Chambers Europe, Capital Markets: Equity (2021 Edition)
  • “A client acknowledges the practice’s approach, deeming it ‘practical, hands-on and skilled.’”
    Chambers Europe, Capital Markets: Equity (2021 Edition)
  • Recommended
    Chambers Global, Capital Markets: Equity (2021 Edition)
  • “In-depth knowledge combined with a practical approach.”
    Legal 500, Capital Markets: Debt (2021 Edition)
  • First Tier firm
    Legal 500, Capital Markets: Equity (2021 Edition)
  • Recommended
    Legal 500, Capital Markets: Debt (2021 Edition)
  • Recommended
    Chambers Global, Capital Markets: Equity (2020 Edition)
  • “A client praises them for being ‘commercial, reasonable and very creative.”
    Chambers Europe, Capital Markets: Equity (2020 Edition)
  • “A client describes the lawyers as ‘innovative, smart and focused’ and is particularly impressed by ‘the speed distributions are made and the handling of the complexities.’”
    Chambers Europe, Capital Markets: Equity (2020 Edition)
  • Recommended
    Legal 500, Capital Markets: Debt (2020 Edition)
  • First Tier firm
    Legal 500, Capital Markets: Equity (2020 Edition)
  • “Strong availability and pragmatic approach.”
    Legal 500, Capital Markets: Equity (2020 Edition)
  • “‘They worked very efficiently together,’ and adding: ‘They are responsive to suggestions and try to understand where we are coming from.’”      
    Chambers Europe, Capital Markets: Equity (2019 Edition)
  • “Clients appreciate that the team is ‘aware of all the issues and challenges’ and describe the lawyers as ‘very responsive, diligent and nice to work with.’”
    Chambers Europe, Capital Markets: Equity (2019 Edition)
  • Recommended
    Chambers Global, Capital Markets: Equity (2019 Edition)
  • “Houthoff's team stands out for its ‘combination of great in-depth knowledge and the ability to connect to clients.’”
    Legal 500, Capital Markets: Equity (2019 Edition)

EQUITY CAPITAL MARKETS

Our extensive detailed knowledge and listing experience covers all the principal jurisdictions, including:
  • Euronext (including Amsterdam, Dublin, Oslo and Milan)
  • New York Stock Exchange (NYSE)
  • NASDAQ
  • London Stock Exchange (LSE)
  • Frankfurt Stock Exchange (Deutsche Börse)
  • Tel Aviv Stock Exchange (TASE)

The Netherlands is an attractive home state for companies with listing ambitions, both domestic and abroad, and Dutch companies are frequently also listed on foreign stock exchanges, such as the NYSE. The Netherlands offers a reliable regulatory environment, and its legal system provides for governance structures that are both solid and flexible (including board structures and multiple voting rights).

Our clients include issuers, shareholders and joint global coordinators/underwriters. We assist them with the challenges presented by a variety of equity capital market transactions, including:
  • initial public offerings (IPOs)
  • special purpose acquisition companies (SPACs)
  • de-SPAC transactions and other business combinations
  • rights issuances
  • share issuances
  • private placements
  • public offerings
  • public takeovers, including pre-wired back-end restructuring
  • share buyback programmes

DEBT CAPITAL MARKETS

The way in which businesses organise their financing arrangements will depend heavily on their specific needs. Our Debt Capital Markets Team assists in setting up the right legal structure for our clients' business operations. We can help you decide between various options, such as stand-alone bond issues or bank-bond finance. Our Debt Capital Markets Team was one of the pioneers in advising Dutch companies on private placements (USPPs) and as a result has direct knowledge and experience of the particular matters that concern issuers of these products. In addition, the Debt Capital Markets Team supports and assists banks with all other kinds of debt capital structures, such as High Yield Notes. In view of the cross-border nature of most of these financing transactions, we always work closely with the top experts in other jurisdictions.  
 
  • Advised De Agostini on the EUR 7.2 billion business combination of Pegasus Entrepreneurs with FL Entertainment
  • Advised Fimalac in connection with the business combination between Pegasus Entrepreneurs, a Euronext Amsterdam listed SPAC, and FL Entertainment, a global leader in independent content production and the fastest-growing online sports betting platform in Europe.
  • Advised WeTransfer (The Creative Productivity Company), provider of an ecosystem of creative productivity tools, with its intended initial public offering and admission to listing and trading of its ordinary shares on Euronext Amsterdam.
  • Advised Ariston Holding N.V., a global player in sustainable comfort solutions for hot water and space heating, with the IPO of its ordinary shares to certain institutional investors. This included the admission to listing and trading of its ordinary shares on Euronext Milan.
  • Advised Ariston Holding N.V., a global player in sustainable comfort solutions for hot water and space heating with the initial public offering of its ordinary shares to certain institutional investors and admission to listing and trading of its ordinary shares on Euronext Milan.
  • Advised founder and majority shareholder Jørn Lyseggen on the IPO of Meltwater B.V., a leading global provider of media intelligence and social analytics Software-as-a-Service solutions, on Euronext Growth Oslo.
  • Advised Ally Bridge Group on PIPE investment in EUR1.5 billion de-SPAC.
  • Assisted Corre Energy B.V. with its plans to raise EUR 10 million through an initial public offering on Euronext Dublin.
  • Advised Kensington Capital Acquisition Corp. II, a NYSE-listed special purpose acquisition company, on the merger agreement with Wallbox and Wallbox's listing as a Dutch N.V. on NYSE through the merger.
  • Advised, together with Goodwin Procter LLP, Qell Acquisition Corp., a publicly listed special purpose acquisition company (Nasdaq: QELL) in connection with the intention to list Lilium as a Dutch N.V. on Nasdaq through a business combination with Qell.
  • Houthoff assisted ShoppingParks N.V., Terzetmus B.V., Kempen & Co N.V. and KBC Securities N.V. with the successful accelerated bookbuild offering of 750,000 shares in the capital of Retail Estates N.V., a Belgian publicly listed real estate company. ShoppingParks N.V. and Terzetmus B.V. are two closed-end Dutch real estate funds managed by Freeland.

  • Advised Intel Corporation on its tender offer to acquire Mobileye N.V., which has its headquarters and main operations in Israel. Mobileye N.V. is incorporated under Dutch law and listed on the New York Stock Exchange (MBLY.N). The tender offer was announced on 13 March 2017 and valued Mobileye at USD 15.3 billion.
Jetty Tukker

Key Contact

Amsterdam
Advocaat | Partner
+31 20 605 65 18
+31 6 5339 7433

Key Contact

Amsterdam
Advocaat | Partner
+31 20 605 61 10
+31 6 5165 9263
Jessica Terpstra

Key Contact

London
Advocaat | Partner
+44 207 422 50 42
+44 793 250 73 92
Paul de Vries

Key Contact

Amsterdam
Notaris | Partner
+31 20 605 61 87
+31 6 4155 7508