A multi-disciplinary and cross-jurisdictional AKD team has advised Standard Investment and First Dutch on the acquisition of the Verwater Group.

The Verwater Group is a leading company in the construction and maintenance of petrochemical storage tanks and technical infrastructure, with a prominent presence in the largest petrochemical hub of Europe (Amsterdam, Rotterdam and Antwerp). Originally founded in Rotterdam in 1922, the Verwater Group has grown significantly, currently employing over 1.200 persons and having the world’s largest energy producers as its clients.

The owner of First Dutch, Peter Goedvolk, is the former CEO of Argos with impressive sector knowledge of the energy industry and the Rotterdam port area.
Standard Investment, meanwhile, is a hands-on investor based in Amsterdam with ample experience in boosting growth.
With this acquisition, the two parties bring together a wealth of knowledge that will help Verwater Group to further strengthen and expand its market position.

The AKD deal team was led by Nathalie van Woerkom and further consisted of Bas Scheepers, Renée Alberts and Vincent Langenhuijsen (Corporate M&A), Joost Houdijk, Koen Platteau and Marjolein Snoek (Competition), Mariëlle van Winden-Spaans, Jorn de Bruin, Arie van der Meij, Julien Hick and Heleen Franco (Employment and Pensions), Philippine Beerman (Commercial Contracts), Nino van Deinsen (Real Estate), Bram Woltering (IP and IT), Sophie Hendriks (Data Privacy), and Ludo Luijks and Maud Plattel (Tax).

At the same time, an independent notarial team headed by Renate Punt-Huizer assisted all parties with the completion of this transaction and all notarial work involved, which consisted of both structuring and finance work.

For more information on the transaction, please see the press release by First Dutch here (Dutch) and a newspaper article in 'Het Financieel Dagblad' here (Dutch).