Michiel Pannekoek

Michiel Pannekoek

Advocaat | Partner

Languages

Dutch
English

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Michiel specialises in mergers and acquisitions, and private equity. He has a particular focus on advising in the context of international acquisitions, management buy-outs and joint ventures. Michiel is one of the most prominent corporate and private equity lawyers in the Netherlands. He represents both listed and unlisted companies, and venture capital firms in an array of Dutch and cross-border transactions, transactions with restructuring elements and large-scale projects. 

  • recommendation people shaking hands
    "He is described as 'extremely smart, effective and tactful' by clients, who praise his 'customer-oriented approach and commercial awareness."
    Chambers Global & Europe, Corporate/M&A: High-end capability (2018 edition)
  • recommendation people shaking hands
    Recommended
    Legal 500, Private Equity (2018 Edition)
  • recommendation people shaking hands
    Recommended
    Legal 500, Commercial, Corporate and M&A (2018 Edition)
  • recommendation people shaking hands
    "Sources describe him as 'very creative and solution-oriented, he thinks very much along with the business without giving in on legal risks and is strong in assessing the alternative scenarios'." 
    Chambers Global & Europe, Corporate/M&A: High-end Capability (2017 Edition)
  • recommendation people shaking hands
    "He is an experienced deal maker with a pragmatic approach. He is focused on closing the deal, acting as a trusted adviser and finding solutions instead of creating barriers." 
    Chambers Europe, Private Equity (2017 Edition)
  • recommendation people shaking hands
    "Michiel Pannekoek is a 'great negotiator, and creative in his solutions’."
    Legal 500, Private Equity (2017 Edition)
  • recommendation people shaking hands
    "Recommended as a 'Leading Lawyer in practice areas Capital Markets, Corporate and M&A and Private equity'."
    IFLR1000 (2017 Edition)
  • recommendation people shaking hands
    "Michiel Pannekoek is known for his strengths assisting clients with transactional matters. Interviewees say he is 'excellent at both private as well as public market deals, and is able to bring the parties together while always representing his client's interests'."
    Chambers Global & Europe, Private Equity (2016 Edition)
  • recommendation people shaking hands
    Recommended
    Legal 500, Private Equity (2016 Edition)

Between 2010 and 2014, Michiel headed the Corporate/M&A Group, and since January 2016 he has been a member of Houthoff’s Board of Directors – in which capacity he is responsible for the international strategy. Michiel is also a board member of Lex Mundi, the world’s largest and most prestigious network of independent law firms. Houthoff is the Netherlands’ only member of this leading professional services network.

QUALIFICATIONS & EXPERIENCE

  • Law (University of Groningen)
  • Houthoff advised the sellers on the sale of Mendix to Siemens. Mendix was founded in Rotterdam (2005) by, amongst others, Derek Roos and Derckjan Kruit and offers a low-code software platform for the development and implementation of applications. 
  • Houthoff advised H2 Equity Partners on the sale of Reparenco, a Dutch paper and recycling business, to Smurfit Kappa Group plc for a cash consideration of approximately €460 million. Smurfit Kappa Group plc is one of the world's largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas.

  • Houthoff advised Poiesz Supermarkten B.V., a chain of supermarkets in the Northern Netherlands, on the acquisition of Zorggroep Friesland B.V., sole shareholder of  Van Smaak B.V.. Van Smaak B.V. delivers meals to healthcare institutions and individual customers and has the whole relating process (including the purchase of the raw materials, processing and logistics) in house.

  • Houthoff represented the shareholders of Boal in the sale of a majority stake in Boal Group to Equistone Partners Europe. Headquartered in Naaldwijk, the Netherlands, BOAL Group has 48 years of experience in designing and manufacturing aluminium roofing and sidewall systems for greenhouses and holds a market leading position in the horticultural greenhouse industry. It also supplies the construction, engineering, and transport sectors with aluminium extrusions. The production of its high-performance products is underpinned by its in-house experience, know-how, innovation and aluminium extrusion capabilities across its sites in the Netherlands (‘s-Gravenzande, Maasdijk, De Lier) and the UK(Shepshed). BOAL Group currently employs c.370 people and generated revenues of c.€155m in 2017.

  • Houthoff represented Sandd in the acquisition of Van Straaten Post from its previous owners. The combined group is able to service the 24-, 48- and 72- hours postal market throughout the work week with national coverage. The acquisition is part of Sandd’s strategy to become a real alternative on the Dutch postal market.

  • Houthoff advises Tofane Global on the acquisition of iBasis from KPN. Tofane Global, a new player in the telecom and digital services market, acquires KPN subsidiary iBasis. This acquisition is the first milestone in the intended strategy of the Paris-based company. By means of acquisitions and digital transitions, Tofane Global aims to become the market leader in worldwide telephone services. After the completion of the acquisition, Tofane Global and iBasis will continue to work with KPN as strategic partners.

  • Houthoff represented Sligro Food Group on the sale of its foodretail business EMTÉ to a consortium formed by foodretailers Jumbo and Coop as well as the separate real estate transaction for 27 store locations. The EMTÉ business is integrated into the businesses of Jumbo and Coop respectively.
  • Houthoff represented Sligro Food Group in the strategic, long-term partnership with Heineken Netherlands for beer and cider logistics in the Netherlands, and the sale of other parts of the Heineken beverages wholesaler to Sligro Food Group. The partnership makes Heineken Sligro’s number one partner for beer and cider.

  • Houthoff assisted PO Söderberg & Partners Aktiebolag with the acquisition of a 31% stake in the pension advisor Montae Groep B.V. Through this collaboration, Montae will be able to link its in-depth knowledge of the Dutch collective pension market with the financial technology of Söderberg. Together they will enable employers, pension funds and participants to make a well-informed pension decision. Taking an interest in the Dutch Montae is in line with Söderberg's strategy to further expand its position on the Dutch market.

    PO Söderberg & Partners Aktiebolag is one of the leading financial advisors and provider of insurance and financial products in Scandinavia. It provides various products and services including insurance advice, securities and asset management and financial technology.

  • Houthoff represented the selling shareholders in the acquisition of PS Nachtdistributie by PostNL. PS Nachtdistributie is active in the field of overnight distribution in the Benelux.
  • Houthoff advised Oerlemans Foods Nederland B.V./H2 on the sale of its frozen potato processing division to Lamb-Weston/Meijer V.O.F. through a sale of all shares in Oerlemans Foods Nederland B.V. to Lamb-Weston/Meijer V.O.F.
  • Houthoff represented Söderberg & Partners in the acquisition of a stake in Floreijn Groep B.V., a Dutch financial service provider. The acquisition marks Söderberg & Partners’ first expansion outside the Nordic region. Söderberg & Partners is a leading independent advisor and provider of insurance and financial products, with one of the largest independent insurance analysis departments in Scandinavia.
  • Advised H2 Equity Partners in the acquisition of a number of industry leaders

    In the past 12 months our team advised H2 Equity Partners:
    - on the acquisition of a majority stake in Myler, a market leading, rapidly growing online staffing platform for highly educated, independent (IT) professionals. (June 2015)
    - on the acquisition of Jenrick, a staffing company of independent professionals focused on the IT segment. (June 2015)
    - on the acquisition on the Brink Group B.V., one of the global market leaders in towing systems in all major Western European aftermarkets and internationally to all major car manufacturers, from Nordic Capital. (June 2015)
    - advised Dümmen Orange, a portfolio company of H2 Equity Partners, on the acquisition of Florexpo, a leading specialist in the production of perennials, herbs and annuals. (July 2015)
  • Advised Parcom Capital, leader in a consortium with Pon Holdings, on the acquisition of Imtech Marine. Imtech Marine is specialised in installation work in the shipbuilding industry. Imtech Marine is part of Royal Imtech, a listed technical solutions company with an annual turnover of EUR 4 billion that went bankrupt in August 2015.
  • Advised Agrial on the acquisition of the Dutch Group Van Oers United. Agrial is the fifth largest French agricultural food processing cooperative group in France, with a reported turnover of € 4.2 billion in 2014.
  • Advised DNA Green Group, the fastest growing breeder of flowers and pot plants in the Netherlands, in its two major acquisitions of competitors Terra Nigra and Rijnplant and their extensive plant variety rights portfolios.
  • Advised Dümmen, part of DNA Green Group, the fastest growing breeder of flowers and pot plants in the Netherlands, on the acquisition of Florexpo, the global leader in the production of unrooted cuttings, based in Costa Rica.
  • Advised H2 Equity Partners on the sale of its shareholding in Ballast Phoenix Limited (“Ballast Phoenix”), the UK’s market leading Incinerator Bottom Ash recycling group, to Waterland Private Equity.
  • Advised OCI N.V. (NYSE Euronext: OCI) on the acquisition of BioMCN, one of Europe’s largest methanol producer and pioneer in bio-methanol production based in the Netherlands, for € 15 million. BioMCN’s glycerin activities are not part of the transaction and will be continued under the name of Dutch Glycerin Refinery B.V.
  • Houthoff advised Euretco shareholders (Avedon Capital Partners and Euretco's management) on the sale of a 75% stake in Euretco to EK-servicegroup eG. The combined company will have 4,100 independent retailers, which represent a EUR 2.2 billion turnover.
  • Royal IHC has acquired SAS Offshore, which is based in Alphen aan den Rijn, The Netherlands. SAS Offshore is specialised in designing and manufacturing high quality deck equipment for the offshore oil and gas market. This acquisition enables IHC to further secure its position as a supplier of reliable integrated offshore systems and integrated vessels in this sector.
    Royal IHC furthermore acquired a majority stake in Brastec Technologies, based in Brazil. Brastec Technologies designs and builds value-added, tailor-made production lines for the production of umbilicals and flexible pipes. This transaction fulfils two important elements of IHC business strategy: a foothold in the important Brazilian market; and the acquisition of Dutch-based SAS Offshore, which was fully owned by Brastec Technologies.

    Houthoff advised IHC on this transaction, together with a team from Machado Meyer Sendacz Opice.
  • Advised Symphony Technology Group on the sale of quCare Solutions to NEXUS.
  • Advised ASR on the sale of ASR Vastgoed Ontwikkeling N.V. to Meijer Realty Partners (MRP). The sale of real estate development division fits within ASR's strategy to focus on insurance activities and real estate investment management. The transaction is expected to be completed in late April 2016.
  • Houthoff advised JAC Capital, a subsidiary of JIC Capital - a Chinese state-owned investment company, as a lead counsel on the USD 1.8 billion acquisition of the RF Power Business (radio frequency power amplifiers), from NXP Semiconductors, a Dutch semiconductor manufacturer and one of the semiconductor sales leaders worldwide. The transaction is waiting for their approval of The European Commission, The Federal Trade Commission (US) and Chinese Ministry of Trade.
  • Houthoff advised H2 Equity Partners on the EUR 91.5 million sale of its portfolio company Isero to merchanting and DIY group Grafton, an Irish company listed on the London Stock Exchange. The acquisition is the group’s largest to date in continental Europe. Isero is a specialist distributor of tools and fixings in the Netherlands, and trades from 38 branches under the Gerritse, Breur Ceintuurbaan and Van der Winkel brands.
  • Advising H2 Equity partners on the sale of its majority stake in its portfolio company Dümmen Orange to BC Partners. Dümmen Orange is a leading breeder of cut flowers and potted plants with production in Europe, Central America and East Africa. The transaction is a subject to regulatory approvals and it is expected to be closed in the coming months.
  • Houthoff advised JAC Capital, a subsidiary of Chinese state-owned investment company JIC, and Wise Road Capital, as lead counsel on the USD 2.75 billion acquisition of the Standard Products business from NXP Semiconductors, one of the semiconductor market leaders worldwide. The transaction is waiting for approval from amongst others of the European Commission, Federal Trade Commission (US), CFIUS and the Chinese Ministry of Trade.
  • Houthoff assisted the sellers (among whom, H2 Equity Partners and ABN AMRO Participaties) in the sale of Evenementenhal to Artexis Easyfairs.
  • Houthoff advised H2 Equity Partners on its investment in TB&C Investments B.V. and TB&C Holding GmbH (TB&C). TB&C is a global supplier of hybrid components for automotive sunroofs.
  • Houthoff advised investment firm H2 Equity Partners on the acquisition of an interest in fixed base flight simulator producer Multi Pilot Simulations B.V. The company has its head office in the Netherlands with a production location in Germany. H2 will support the existing MPS management team in its growth plans.
  • Houthoff advised Sligro Food Group Nederland on the acquisition of Tintelingen B.V. Sligro is - next to its food retail and food service business - one of the leading sellers of traditional Christmas gift boxes in the Netherlands. The addition of Tintelingen enables Sligro to expand its assortment with online Christmas gift boxes.

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