Hydreco and Ennatuurlijk have agreed the sale of 5 ATES projects serving 1400 households in the Dutch province of Noord-Brabant for an undisclosed sum. See press release.
Hydreco is a 100% subsidiary of Brabant Water, the water supply company. Ennatuurlijk supplies heat to 85.000 households and 1200 companies in the Netherlands. Ennatuurlijk’s shareholders are PGGM (80%) and Veolia (20%).
Today Mollie announces the closing of 90 million Euro (US$100 million) in its Series B funding round, taking the total amount raised by the company to 115 million Euro. The round was led by TCV, one of the largest growth equity investors focused on technology. Mollie will use the funding to accelerate international expansion and invest in product and engineering: press release.
Capitium’s Joes Leopold is a board member and investor in Mollie.
Capitium advised Brabant Water on the sale of its geothermal subsidiary Hydreco Geomec to Engie in an all-cash transaction.
Engie will contribute its Dutch geothermal activities to Hydreco Geomec, thereby becoming market leader. Hydreco Geomec will continue to operate under its own name.
Engie’s press release (in Dutch) can be found here and an article in Dutch financial daily Het Financieele Dagblad can be found here (paywall).
Brabant Water supplies drinking water to 2.5 million people and companies in the Dutch province of Noord-Brabant. It employs 800 people.
Engie is a listed company employing 160,000 globally of which 6,000 are based in the Netherlands, generating EUR 60.6 bln of revenues (2018).
Capitium advises the City of Rotterdam on the proposed sale of all shares in Eneco to a consortium led by Mitsubishi for a total equity value of EUR 4.1 billion.
The Consortium has made an all-cash binding offer for all shares in Eneco. The offer has a value of EUR 4.1 billion, excluding net debt (the equity value). In addition, the current shareholders will receive a regular dividend over financial year 2019 in Q2 2020 or in any case prior to completion of the proposed transaction.
The shares in Eneco are held by 44 Dutch municipalities. Shareholders that jointly represent more than 95% of the share capital have already decided that they intend to sell their shares in Eneco. The offer of the Consortium explicitly extends to all shares, including the shares of shareholders that have not yet expressed an intention to sell their shares. The proposed transaction will be definitive if shareholders together holding at least 75% of the issued and outstanding share capital of Eneco decide to sell their shares.
The City of Rotterdam is Eneco’s largest shareholder and chairs the committee of shareholders. Capitium has advised the City of Rotterdam since 2016 just before Eneco demerged its distribution network into Stedin. Capitium provided Rotterdam with advise on the full range of topics concerning the privatisation and sale of the company.
Mollie, a leading European online payment processor, has raised €25 million from a group of technology and payment entrepreneurs.
Based in Amsterdam, Mollie launched over a decade ago to offer affordable, simple and reliable online payments for companies of all sizes and now serves over 65,000 businesses in Europe through its internally developed, cloud-based platform. The company processes over €5bn payment volume annually and is growing rapidly.
Read more: https://www.mollie.com/en/news/post/series-a-announcement
Capitium’s Joes Leopold is an investor and board member at Mollie.
The dispute between shareholders of Eindhoven based Nordeon has been resolved. The company secured financing and simplified its shareholder structure.
Link to article in Financieele Dagblad
Capitium’s Joes Leopold is appointed by the Enterprise Chamber of the Amsterdam Court of Appeal replacing the existing Supervisory Board in order to resolve a dispute between shareholders at Eindhoven based lighting manufacturer Nordeon and to secure financing for the company.
Joes Leopold has been appointed as a member of the Board of Directors of the European Investment Bank. Link.
Techcrunch: Framer, the Amsterdam-based startup behind interactive design platform Framer X, has raised $24 million in Series B investment. The round is led by European VC firm Atomico, with participation from Accel, and AngelList.
Het Financieele Dagblad: Investeringsfonds Atomico steekt $24 mln in Nederlandse start-up Framer
Techcrunch.com on Human.co’s acquisition by Mapbox. Capitium is an investor in human.co.