On 4 April 2025 B&S and Sarabel announced that a conditional agreement has been reached on a recommended full public offer to be made through its affiliate ELFB Investments Netherlands B.V., for all issued and outstanding shares in the share capital of B&S. On 24 November 2025 B&S and Sarabel announced that settlement of the public offer has occurred following which the offeror holds more than 95% of the shares in B&S causing B&S to be delisted per 23 December 2025.
We acted as counsel to Sarabel assisting them with tax, financing and structuring of this take private transaction. Our multidisciplinary deal team consisted of tax advisers, debt finance lawyers and civil law notaries.
For more information about this deal, please refer to our client’s press releases or contact our team members who advised on this deal.
