Gimv’s Acquisition of Baas Groep B.V.

Loyens and Loeff advised Gimv on the acquisition of all outstanding shares in Baas Groep B.V.

Baas Groep B.V. will form a strategic combination with the previously acquired Verkley, creating a strong, national, player active in design, construction and maintenance of essential infrastructure for energy, water, and telecom.

The departing CEO of Baas, Tiemen Schra, will remain involved after the transaction as a shareholder and as a member of the Supervisory Board. The management of the Baas-Verkley combination will consist of Pieter Elzinga, current regional director of Baas Infra Noord and Jacob de Graaf, current CFO of Baas.

A crucial link in the energy transition is the need to expand and strengthen the infrastructure for electricity, water and telecom. Figures show that before 2050, one in three streets in the Netherlands will have to be broken up for the transition to a sustainable energy system. Also, the ever-increasing demand for faster internet means that many households will be connected to the fibre optic network. Such complex infrastructure works require partners who can guarantee the quality, safety, continuity and high flexibility in the planning and execution of large assignments.

While Verkley is active in the construction and maintenance of underground infrastructure in the North of the Netherlands with specialized expertise in the field of horizontal directional drilling, Baas is a national player in the construction of energy infrastructure with additional services in the field of fibre optic networks and in-building installations. In addition, in recent years Baas has been focusing strongly on the design of energy networks, sustainable heat networks, charging stations and battery storage. These complementary areas of expertise make the Baas-Verkley combination a strong, multidisciplinary and stable party for the future. With approximately 750 permanent employees and around 350 flex workers, the combination can respond quickly and flexibly to its customers’ substantial projects.

The Loyens and Loeff team included Anke van Holthe tot Echten, Harmen Holtrop (Picture), Koen van Middelaar, Selke van Velthoven, Robert Fröger, Anne van Geen, Ruben den Hollander, marc Wiggers, Michiel Krebbers, Marten Wijma, Marita Snoek, Sandrine Lekkerkerker, Louis Lutz, Roos van den Berg.

Involved fees earner: Ruben den Hollander – Loyens & Loeff; Robert Fröger – Loyens & Loeff; Harmen Holtrop – Loyens & Loeff; Michiel Krebbers – Loyens & Loeff; Sandrine Lekkerkerker – Loyens & Loeff; Louis Lutz – Loyens & Loeff; Marita Snoek – Loyens & Loeff; Roos van den Berg – Loyens & Loeff; Anne van Geen – Loyens & Loeff; Anke van Holthe tot Echten – Loyens & Loeff; Koen van Middelaar – Loyens & Loeff; Selke van Velthoven – Loyens & Loeff; Marc Wiggers – Loyens & Loeff; Marten Wijma – Loyens & Loeff;

Law Firms: Loyens & Loeff;

Clients: Gimv NV;

Naoual Sadouqi

Author: Naoual Sadouqi