ASTREA advised INDU TOOLS GROUP with the acquisition of I-RENTAL, a company specialized in industrial rental of machinery and tools. The transaction was managed by Micha Van den Abeele, assisted by a multidisciplinary team at Astrea involved in the different aspects of the deal including commercial, social and corporate due diligence.
Astrea has advised the founders of the start-up GIMBER (gimber.com) a rapidly growing ginger drink manufacturer, with their first external funding round with the Luxembourg VC, DLF Venture and the Austrian VC, Square One Foods. The transaction was managed by Frédéric Verspreeuwen and Philippe Willemsens.
Astrea advised long-standing client Continuum Sports (CCC Team, formerly BMC Racing Team), with the Belgian aspects of the sale of its WorldTour License to Belgian ProTeam Circus Wanty Gobert (CWG) and this together with lead US Counsel Reinhart Boerner Van Deuren (Brian G. Carroll and Adam R. Konrad). The Astrea team was lead by partner Steven De Schrijver.
The sale still needs to be ratified by the UCI License Commission in December.
Steven De Schrijver and Dieter Veestraeten were advising Horizon Ventures, one of the largest venture capital funds of Hong Kong, on several rounds of investment in Cloudalize, a Belgian technology company. The Ghent based company Cloudalize offers a full-range of GPU-powered Cloud solutions for businesses. This is the first investment of Horizon Ventures in Belgium.
Astrea has assisted US-based company DoubleVerify Inc. (the leading independent platform for digital media measurement and analytics), which is backed by Providence, one of the largest sector-focused PE’s with a portfolio of 60 bn USD, with the acquisition of Zentrick, a Belgian company building technology that empowers ad tech companies to deliver effective video advertising by aligning the needs of advertisers, publishers and viewers.
Astrea (with lead partner Steven De Schrijver) assisted NYSE-listed HubSpot (which offers a full platform of marketing, sales, customer service, and CRM software — plus the methodology, resources, and support — to help businesses) with the acquisition of PieSync, a Belgian company providing a solution to synchronize customer data between different business apps. Astrea was able to complete the entire transaction from LOI to closing in 6 weeks.
Astrea assisted Alpina Capital Partners, a European technology growth investment firm, with respect to the acquisition of the majority of the shares of Objective, a software company based in Wichelen, Belgium.
Astrea partners Dieter Veestraeten and Steven De Schrijver have advised the sellers on the Belgian law aspects of a transaction involving the signing of an agreement on the sale of 100% of the shares in UNITANK to DIF’s Core Infrastructure Fund I and Aberdeen Standard Investments’ SL Capital Infrastructure II SCSp.
Astrea has advised Castelmore Group with the roll out of their buy and build strategy in de property management industry, acquiring amongst others JALO BEHEER and BEHEER. The transaction was managed by Frédéric Verspreeuwen and Philippe Willemsens, assisted by a multidisciplinary team at Astrea involved in the different aspects of the deal including on all regulatory and employment law aspects.
Astrea advised the founder and management of Contraload, a Belgian leading load carrier pooling company, active in almost all countries in Europe, with the sale of their shares to and reinvestment in Tosca, an American supplier of reusable packaging and supply chain solutions, controlled by Apax Funds. The transaction was managed by Frédéric Verspreeuwen, Dieter Veestraeten and Seppe Laenen.
ASTREA advised Alcopa with the sale of 60% of its shareholding in Alcomotive, a car distributor selling 30.000 vehicles per year in 6 European countries, to Bergé Auto, which sells 150.000 cars per year in 9 markets in Europe and Latin America. ). The transaction was managed by Frédéric Verspreeuwen, Philippe Willemsens and Seppe Laenen, assisted by a multidisciplinary team at Astrea involved in the different aspects of the deal including on all distribution and employment law aspects.
Astrea advised DPG Media (www.dpgmedia.be), the largest commercial broadcaster in Belgium, with the negotiation of a joint-venture with TELENET (www.telenet.be), a listed mobility services provider, to launch and commercialize a brand-new local streaming platform called STREAMZ (www.streamz.be). The transaction was managed by Frédéric Verspreeuwen and Seppe Laenen, assisted by a multidisciplinary team at Astrea involved in the different aspects of the deal including on the development of the streaming platform, datasharing, content licenses, advertisement and commercialization of the STREAMZ offering.
ASTREA advised VYBROS INVEST with the acquisition of 70% in VYCOM, a new holding company with the founders of INTOCON, a company specialized in machine construction for the food industry.
ASTREA advised project developer POC Partners with the negotiations and drafting of all documentation in connection with the restructuring of its shareholding and in particular the exit of one of its founding fathers. The transaction involved different aspects including court procedures and was managed by Marc Van Looveren – commercial litigation partner, Micha Van den Abeele – corporate real estate specialist and Mai Nguyen.
ASTREA advised the shareholders of the Antwerp project developer GANDS with the sale of their shares to one of their main competitors TRIPLE LIVING. This transaction was managed by our corporate real estate specialist Micha Van den Abeele.
Astrea advised VYBROS INVEST with the acquisition of VAPO HYDRAULICS and the setup of a buy and build platform by VYBROS and the founding fathers of VAPO HYDRAULICS to roll out in 2019 and 2020 several acquisitions in the Benelux in the field of hydraulic drive engineering for press construction, infrastructure works, offshore and the energy sector as well as the maintenance of hydraulic components. These transactions were managed by Micha Van den Abeele and her team.
Astrea assisted Medipartner and its CEO Sophie Mestré in the transaction with the new private equity firm WE ARE JANE, investing in MEDIPARTNER. Medipartner is the first investment of the We Are Jane fund that focuses on female entrepreneurs and is led by Conny Vandendriessche (Accent Jobs, House of HR and Stella P), Eline Talboom ann Muriel Uytterhaegen (former GIMV). This all female transaction (female founder, investor and advisors) was managed at Astrea by Micha Van den Abeele.
Astrea partners Dieter Veestraeten and Steven De Schrijver have advised on the Belgian law aspects of a transaction involving the signing of an agreement on the sale of 100% of the shares in UNITANK to DIF’s Core Infrastructure Fund I and Aberdeen Standard Investments’ SL Capital Infrastructure II SCSp.
You can read the full article on this transaction here.
Our Technology and M&A partner Steven De Schrijver is again recognised by Who’s Who Legal as “Global Elite Thought Leader” (EU) in 4 categories: “IT”, “Data Privacy & Protection”, “Data Security” and “Telecoms & Media”. He is called “the number-one IT lawyer in Belgium” and sources say “he has got a great understanding of his client’s business, which proves indispensable in the area of personal data”.
Congratulations Steven! A well-deserved recognition…