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.
Capital Markets

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, financial services 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.

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.

Corporate/M&A
Mergers and acquisitions are among the most transformative decisions a business can make – whether driven by ambitions for growth, entry into new markets, evolving industry dynamics or long-term investment objectives. These transactions demand clear insight and the ability to navigate legal and regulatory complexity across jurisdictions.
SPAC
A SPAC (Special Purpose Acquisition Company) is an alternative way of raising capital through an initial public offering, before acquiring an operating target company.

Recent
work

Advised Renewi plc, a pure-play recycling company, on the public offer by Macquarie and BCI on the entire issued share capital of Renewi by means of a scheme of arrangement. Renewi is listed on both the London Stock Exchange and Euronext Amsterdam.

Advised Brembo, the world leader in the design and production of high-performance braking systems and components for top manufacturers of cars, motorbikes, commercial and racing vehicles, on the relocation of its legal seat to the Netherlands.

Advised European Healthcare Acquisition Growth Company B.V., a Euronext Amsterdam-listed special purpose acquisition company (SPAC), on the intended business combination with Croma-Pharma GmbH.

Advised on the direct listing and admission to trading of all ordinary shares of The London Tunnels PLC on Euronext Amsterdam and the subsequent placing of new shares.

Advised Hydro Energi on its Series A investment in E-Magy B.V., a Dutch silicon battery scale-up.

Advised Corre Energy B.V., a leader in the development and operation of Long Duration Energy Storage (LDES) projects and products, with its initial public offering (IPO) on Euronext Dublin.

Advised Ally Bridge Group on its €30 million PIPE investment in the business combination between BenevolentAI, a UK-based leading clinical-stage AI drug discovery company, and Odyssey Acquisition SA, a SPAC listed on Euronext Amsterdam. With this business combination, BenevolentAI is valued at €1.1 billion (pre-money) and €1.5 billion (post-money).

Advised Ariston Holding N.V., a global leader in sustainable solutions for thermal comfort, with ordinary shares listed on Euronext Milan, on the acquisition of CENTROTEC Climate Systems GmbH.

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 Renewi plc, a pure-play recycling company, on the public offer by Macquarie and BCI on the entire issued share capital of Renewi by means of a scheme of arrangement. Renewi is listed on both the London Stock Exchange and Euronext Amsterdam.

Advised Brembo, the world leader in the design and production of high-performance braking systems and components for top manufacturers of cars, motorbikes, commercial and racing vehicles, on the relocation of its legal seat to the Netherlands.

Advised European Healthcare Acquisition Growth Company B.V., a Euronext Amsterdam-listed special purpose acquisition company (SPAC), on the intended business combination with Croma-Pharma GmbH.

Advised on the direct listing and admission to trading of all ordinary shares of The London Tunnels PLC on Euronext Amsterdam and the subsequent placing of new shares.

Advised Hydro Energi on its Series A investment in E-Magy B.V., a Dutch silicon battery scale-up.

Advised Corre Energy B.V., a leader in the development and operation of Long Duration Energy Storage (LDES) projects and products, with its initial public offering (IPO) on Euronext Dublin.

Advised Ally Bridge Group on its €30 million PIPE investment in the business combination between BenevolentAI, a UK-based leading clinical-stage AI drug discovery company, and Odyssey Acquisition SA, a SPAC listed on Euronext Amsterdam. With this business combination, BenevolentAI is valued at €1.1 billion (pre-money) and €1.5 billion (post-money).

Advised Ariston Holding N.V., a global leader in sustainable solutions for thermal comfort, with ordinary shares listed on Euronext Milan, on the acquisition of CENTROTEC Climate Systems GmbH.

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.

Ranked in Tier 1

Legal 500

Capital Markets (2025 Edition)

"This ECM practice has a superb knowledge of Dutch listing rules and practice. Aside from just knowing the rules, they have a great handle on Dutch market practice, which is invaluable in considering the pros and cons of a company listing on Euronext Amsterdam."

Legal 500

Capital Markets (2025 Edition)

Ranked in Band 2

Chambers Global & Europe

Capital Markets: Equity (2025 Edition)

"Houthoff is highly skilled and we are yet to find ourselves in a situation whereby the team is unable to assist us in a fast and practical manner."

Chambers Global & Europe

Capital Markets: Equity (2025 Edition)

"The Houthoff team provides an excellent service to the client. It immediately understands the unique aspects and technical issues involved in the transaction and finds practical solutions."

Chambers Global & Europe

Capital Markets: Equity (2025 Edition)
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Publications

26 March 2020
26 March 2020
Equity Capital Markets in The Netherlands: Regulatory Overview. Practical Law.
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