You are here:
05 November 2020 / deal

Loyens & Loeff advised a majority group of senior secured bondholders of Hema B.V.

Conditional agreement signed for the sale of HEMA. Loyens & Loeff has, together with Kirkland & Ellis, advised a majority group of senior secured bondholders of Hema B.V. (the Ad Hoc Group) on the conditional agreement of HEMA B.V. and the Ad Hoc Group for the acquisition of HEMA B.V. by a 50/50 consortium of Parcom and Mississippi Ventures, the investment vehicle of the Dutch entrepreneurial family Van Eerd, owner of Jumbo supermarkets.

Swiss-Insurance-Act.jpg

HEMA B.V. and the Ad Hoc Group reached a conditional agreement with a 50/50 consortium of Parcom and Mississippi Ventures for the contemplated sale of 100% of the outstanding shares of HEMA B.V. The consortium now has an exclusivity period of up to eight weeks in which it can complete further due diligence and obtain financing from Dutch financial institutions. An update on the transaction is expected in the first half of December. Mississippi Ventures was advised by Allen & Overy, Parcom was advised by Clifford Chance and HEMA B.V. was advised by De Brauw Blackstone Westbroek.

Loyens & Loeff acted as Dutch and Luxembourg counsel to the Ad Hoc Group. The transaction was led by Dutch corporate partner Roel Fluit, together with corporate partner Antoinette van der Hauw and senior associate Gerda de Jong, the team furthermore consisted of restructuring partner Vincent Vroom, senior associate Joris Dunki Jacobs and associates Gief de Gruijter and Kim de Bruijn. The Luxembourg team was headed by corporate partners Michael Scott and Frédéric Franckx with associates Diogo Morgado Filipe and Madeleine Marques and tax advisor Charlotte Haarsma – Den Dekker.



OECD-pillar-one-pillar-two-virtual-meeting

OECD virtual meeting on Pillar One and Pillar Two

In this article, our Digital Economy Taxation team shares key takeaways from the two panel sessions dedicated to the Pillar Two Blueprint. read more

Increasing trend of real estate share deals

Transactions in the real estate sector are becoming more and more complex, with indirect real estate transactions as an example. read more
Werknemer weigert mondkapje – geen recht op loon

Employee refuses face mask - no right to salary

The court in summary proceedings ruled that a Dutch patisserie was entitled to suspend an employee and to suspend payment of wages for this employee. read more