Sportfondsen is one of the largest Dutch operators in the field of sports, recreation and wellness accommodations.

The Sportfondsen / Laco combination creates a leading market position with more than 300 locations, more than 3,500 employees and 20 million visitors. The new combination makes an important contribution to a (more) vital Netherlands. By joining forces, Sportfondsen and Laco are building a strong organization that can meet the challenges of today and those of the future, such as digitization, legislation and regulations, sustainability and rising energy costs. Together, the companies form a very solid organization that locally connects the municipality and its residents.

Chestnut advised Sportfondsen throughout the full process to become one strong national partner in the field of sports, recreation and wellness accommodations.

NPEX is a stock exchange where investors can buy and/or trade stocks and bonds of Dutch SMEs. NPEX was founded in 2008 and is the abbreviation of Nederlandsche Participatie Exchange. Entrepreneurs can realize their financing from 1 million euros via NPEX. This can be done by issuing bonds or depositary receipts for stocks. These can be traded on the NPEX stock exchange after issuance.

Commissioned by NPEX, Chestnut prepared the Limited Sanity Check to define the financial position, revenue models and risks of the relevant client’s listing.

Smallsteps provides childcare services and is with over 250 childcare centres, one of the biggest childcare providers in the Netherlands. The Works Council of Smallsteps is (legally) tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of Smallsteps

Chestnut acted as exclusive financial advisor to the Works Council of Partou Kinderopvang & Smallsteps / KidsFoundation.

Tata Steel is one of Europe’s leading steel producers, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The company supplies high-quality strip steel products to demanding markets such as construction, automotive, packaging and engineering. Tata Steel Netherlands (TSN) produces and delivers over 7 million tonnes of flat steel on an annual basis. TSN employs over 11.000 people, of which over 9.000 at the fully integrated site and value chain in IJmuiden. The Central Works Council (CWC) of TSN is tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of TSN.

Chestnut acted as exclusive financial advisor to the Central Works Council of Tata Steel Europe.

DPD – part of the French Groupe La Poste – is one of the largest logistics service providers of Europe. As part of an active buy & build strategy, DPD is continuously searching for (digital) innovations and complementary services for its customers.

BK Pharma Logistics and BK Sneltransport offer conditioned pharmaceutical transport for leading national and international companies in the pharmaceutical and healthcare industry.

Chestnut advised DPD in the acquisition of BK Pharma Logistics and BK Sneltransport.

Portavita and MGRID are two medical ICT companies. Portavita provides ICT solutions for regionally organized screening, prevention and treatment of chronic diseases. MGRID provides business intelligence for large-scale data integration and self-service analytics environments.

CompuGroup Medical Nederland B.V. (CGM) is part of the German listed company CompuGroup Medical, Europe’s largest developer of primary care automation.

Chestnut advised the shareholders of Portavita and MGRID in the sale to CGM.

Valstar Simonis is an independent Dutch bureau of engineers specialising in technological building services. Valstar Simonis is headquartered in Rijswijk, with offices in Apeldoorn, Amsterdam, Eindhoven and Groningen.

Chestnut acted as financial advisor to the management of Valstar Simonis during the refinancing process.

Tata Steel is one of Europe’s leading steel producers, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The company supplies high-quality strip steel products to demanding markets such as construction, automotive, packaging and engineering. Tata Steel Netherlands (TSN) produces and delivers over 7 million tonnes of flat steel on an annual basis. TSN employs over 11.000 people, of which over 9.000 at the fully integrated site and value chain in IJmuiden. The Central Works Council (CWC) of TSN is tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of TSN.

Chestnut acted as exclusive financial advisor to the Central Works Council of Tata Steel Europe.

Smallsteps provides childcare services and is with over 250 childcare centres, one of the biggest childcare providers in the Netherlands. The Works Council of Smallsteps is (legally) tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of Smallsteps

Chestnut acted as exclusive financial advisor to the Works Council of Partou Kinderopvang & Smallsteps / KidsFoundation.

Founded in 2019, Payaut is an Amsterdam-based fintech that offers an automated payment solution for online marketplaces. Payaut functions as an intermediary between sellers and the different Payment Service Providers (PSPs) whereby marketplaces are no longer dependent on one single PSP.

The seed investment round was led by LocalGlobe, Entrée Capital and Finch Capital together with a group of angel investors with a strong background in the fintech industry (a.o. ex-Mollie and Adyen C-level executives).

Chestnut acted as financial advisor to Payaut in the fundraising process.

The Dutch is a premium 18 hole Inland Links golf course aimed primarily at corporate members. The Dutch was established in 2008 and has a par 71 Colin Montgomerie Signature Design golf course.

Chestnut advised the shareholders of The Dutch in various corporate finance related topics.

Bonarius specializes in the installation and maintenance of central heating systems for housing associations and commercial property managers. Bonarius manages more than 200,000 individual and 550 collective installations.

Chestnut assisted Bonarius in the transfer of part of the shares within the family to the current CEO and son of the owner of the company.

VVE NL manages c. 245 VVEs, parking associations and apartment cooperatives in and around Amsterdam. The company is involved in both new build and existing construction and arranges administrative, financial, technical and managerial issues. As an independent VVE manager, the company is independent of housing associations or brokers.

Chestnut has conducted a valuation analysis of the company on behalf of the shareholders.

Chordify is a fast-growing music edtech company that has developed proprietary technology to convert music into chords. On the Chordify platform, users can learn to play themselves by using the chords generated by Chordify. The business case is based on a freemium SaaS model.

Chestnut conducted the valuation analysis to support the company’s Employee Stock Option Plan (ESOP).

Studytube is a fast-growing B2B edtech scale-up that offers companies and governments an advanced and integrated learning platform. With Studytube’s platform, organizations can manage and monitor their entire staff’s learning needs.

Verdane is a €3bn+ Scandinavian investment fund focused on €10-150m investments in European tech scale-ups.

Chestnut has assisted Studytube in the €10m investment round by Verdane.

Founded in 2019, Payaut is an Amsterdam-based fintech that offers an automated payment solution for online marketplaces. Payaut functions as an intermediary between sellers and the different Payment Service Providers (PSPs) whereby marketplaces are no longer dependent on one single PSP.

The pre-seed investment round was led by LocalGlobe and Finch Capital together with a group of angel investors.

Chestnut acted as financial advisor to Payaut in the fundraising process.

Jellow is a fast growing online platform that matches companies (employers) with freelancers particularly in Business Services. The company was founded in 2012 and has offices in the Netherlands and Belgium.

Chestnut acted as exclusive financial advisor to the founders of Jellow resulting in among others the raising of growth capital from Mediahuis NV, the Belgian giant media company that owns among others the Dutch NRC and Telegraaf.

Smallsteps provides childcare services and is with over 250 childcare centres, one of the biggest childcare providers in the Netherlands. The Works Council of Smallsteps is (legally) tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of Smallsteps

Chestnut acted as exclusive financial advisor to the Works Council of Smallsteps during the request for advice from Smallsteps, regarding the acquisition of KidsFoundation Holdings (including Smallsteps) and Partou Kinderopvang by Onex and Waterland.

GoodFuels is a sustainable fuels pioneer and energy transition partner for the marine industry and heavy transportation. The biofuels from GoodFuels are immediately applicable as substitution for fossil fuels, thereby reducing CO₂ up to 90%. In addition GoodNRG introduces innovative sustainable products, services and business models on a regular basis.

Chestnut acted as exclusive financial advisor to the GoodNRG Group and its shareholders, resulting in the sale of the group to FinCo Fuel Group, a portfolio company of Coloured Finches.

Urban Arrow is a Dutch manufacturer of electronically driven cargo bikes that aims to be the frontrunner in urban mobility.

Chestnut acted as exclusive financial advisor to Urban Arrow and its shareholder, resulting in the sale of the company to Pon Bike (part of Pon Holdings), a substantial player in the bicycle market.

StuDocu is a crowdsourced online study platform offering access to shared materials (e.g. book summaries, past exams and lecture notes) to students from all over the world. Quality of content is ensured through user ratings and automated quality control.

Chestnut acted as exclusive financial advisor to StuDocu and its shareholders, resulting in the raising of growth capital from Piton Capital (a venture capital firm based in London).

DatacenterNext is a full fledged Cloud Managed Service Provider, which manages its clients’ entire operational IT platform. Services include infrastructure and platform services, as well as designing the client’s IT transformational strategy.

Chestnut acted as exclusive financial advisor to DatacenterNext and its shareholder, resulting in the sale of the company to Strikwerda Investments, a family office investment firm founded in 2000.

e-Village is a leading email marketing agency in The Netherlands. With an inhouse developed state-of-the-art email marketing software (Clang) and a team of 70 email specialists, the company helps its clients to increase the effectiveness of marketing campagnes and customer contact moments.

Inspired Thinking Group (ITG) is a specialist marketing services and technology business that helps major brands and retailers improve the efficiency, speed, cost and control of their marketing operations. ITG employs almost 600 people and is headquartered in Birmingham, UK.

Chestnut acted as exclusive financial advisor to the management and shareholders of e-Village during the transaction, resulting in the sale of e-Village to ITG, a portfolio company of Equistone.

QTS Realty Trust, a stock exchange listed (NYSE) leading provider of software-defined and mega scale data center solutions, has acquired the two data centers of  TCN Datahotels. The asset deal comprises one data center in Eemshaven and one in Groningen, for a purchase price totaling USD 44m.

Chestnut acted as exclusive financial advisor to TCN’s management and other stakeholders, resulting in the sale of the two datacenters to QTS.

ARTTIC is a European market leader in consultancy and management services for research and technological development. With its long-standing experience in financing programs in various scientific and technological areas, ARTTIC assist her clients to move from strategic plans to effective competitive operations. The company has multiple offices in North-West Europe, with its headquarters located in Paris.

PNO offers a wide range of subsidy, innovation and compliance services and is strongly positioned in the sectors life sciences & health, energy, climate & environment. In the Netherlands, PNO is among others market leader in the area of R&D subsidies (WBSO-dienstverlening).

Chestnut acted as exclusive financial advisor to the management and shareholders of PNO in the transaction, resulting in the acquisition of ARTTIC.

Nimsys manages networks and provides internet, VoIP telecom and other IT services to renters of multi tenant buildings.

Chestnut advised the shareholders of Nimsys during the proces of selling Nimsys B.V. to a subsidiary of Gamma Communications PLC, a listed British telecom and internet provider.

Swagemakers Intermodaal Transport (Swagemakers) is an intermodal transport and logistics provider with ca. 30 – 40 employees, strategically located in the North Sea Port (Westdorpe). The Company has a strong footprint in bulk and liquid goods, with a long-standing client portfolio.

Chestnut acted as exclusive financial advisor to Swagemakers and its shareholder in the sales process resulting in the sale of a majority stake to Trimodal Container Terminal Terneuzen (3-MCT).

Since 2010 FoodVentures develops and invests in high-quality environment greenhouses in emerging countries. Investments of the company include greenhouses in Ukraine, Kazakhstan and Georgia.

Chestnut compiled a comprehensive financial business case for FoodVentures.

Graydon is a business information provider in the field of financial information, marketing information, risk & compliance and debt collection. The debt collection activities mainly comprise amicable and international debt collection services.

Chestnut acted as exclusive financial advisor to the management of Graydon in the sales process resulting in the sale of the Dutch debt collection activities to Ultimoo.

Smallsteps provides childcare services and is with 250 childcare centres, one of the biggest childcare providers in the Netherlands. The Works Council of Smallsteps is (legally) tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of Smallsteps

Chestnut acted as exclusive financial advisor to the Works Council of Smallsteps during the request for advice from Smallsteps, regarding the acquisition of Smallsteps by Onex. Onex is a reputable listed (Toronto Stock Exchange) Canadian private equity firm with over $32 billion of assets under management.

Siilo is an online secure messaging platform tailored to the needs of healthcare professionals.

Chestnut acted as exclusive financial advisor to the shareholders and management of Siilo, resulting in the raising of growth capital of EUR 4.5m provided by EQT Ventures and existing shareholders for the purpose of foreign expansion of the business.

Le Pain Quotidien is a restaurant chain which serves dishes made of biological and local ingredients where possible. Breakfast, lunch and brunch courses are mainly served in the local stores, of which there are nine in the Netherlands.

On shareholders’ request, Chestnut compiled a financial business case for the company, followed by a valuation analysis based on the business case.

Mendix offers a software platform to build, integrate and deploy web- and mobile applications to clients around the world.

Chestnut conducted a valuation analysis of Mendix.

Lumat is a leading distributor of high tenacity yarns, such as Polyester, Polyamide, Aramid and Synthetic continuous filament yarns that are used in ropes, strappings and fabrics. Over the last twenty years, Lumat has become the principal distributor of industrial yarns in Europe, Africa and the Americas.

Chestnut acted as exclusive financial advisor to the shareholders and management of Lumat in the sales process resulting in the sale of Lumat to Active Capital Company.

Tata Steel is one of Europe’s leading steel producers, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The company supplies high-quality strip steel products to demanding markets such as construction, automotive, packaging and engineering. Tata Steel Netherlands (TSN) produces and delivers over 7 million tonnes of flat steel on an annual basis. TSN employs over 11.000 people, of which over 9.000 at the fully integrated site and value chain in IJmuiden. The Central Works Council (CWC) of TSN is tasked with providing advice to the company, for a.o. strategic decisions with a material impact on the employees of TSN.

Chestnut acted as exclusive financial advisor to the CWC of TSN during the full consultation- / advisory process, regarding the request for advice from TSN in relation to the proposed joint venture between the European steel activities of Tata Steel and thyssenkrupp. Thyssenkrupp is Europe’s second largest steel producer with its main production facility in Duisburg (Germany).

Hedera Consulting, having its offices located in Belgium (HQ) and the Netherlands, is a consulting firm with its main focus on company advice and data analysis. The company serves clients in a.o. Italy, Switzerland, Scandinavia, the UK and the Middle-East. The company’s expertise include growth strategy, innovation, marketing, sales and customers service.

Chestnut acted as exclusive financial advisor to the shareholders of the Dutch entity in the sales process resulting in the sale of Hedera Consulting to Cognizant.

GoodFuels aims to be a one-stop shop for sustainable biofuel. The company is currently active in two markets, the marine industry and the road & rail industry. In addition, GoodFuels is also actively involved in the development of new types of sustainable biofuels.

Chestnut acted as exclusive financial advisor to GoodFuels and its shareholders resulting in the raising and structuring of additional growth capital for the purpose of further development of the business.

HSB, a company comprising 300+ employees, provides tailor-made work in areas of real estate development, new-build projects, renovation, small construction and subcontracting. The company mainly develops and realizes sustainable projects for developers and housing corporations in specifically the northwest- and the middle of the Netherlands.

Chestnut performed a valuation of the company.

Burdock Group provides complete solutions for projects in the civil & structural, energy and oil & gas sectors. The company is specialized in project management, recruitment and consultancy.

Chestnut conducted a valuation analysis of Burdock Group.

RWS is an executive branch of the Ministry of Infrastructure and Water Management. RWS is responsible to maintain and improve traffic flows throughout The Netherlands. Additionally, RWS is responsible to construct and maintain waterways, while simultaneously assuring its quality and safety.

Chestnut conducted a valuation analysis for RWS. The assignment was aimed to value the B2C activities of the private company VID Netherlands.

Dynamic Credit is an alternative fixed income asset management firm that manages (securities of) loans of others and its own proprietary direct lending. In 2015, Dynamic Credit set up the first online mortgage distribution platform of the Netherlands (bijBouwe) and in June 2016 they launched the platform LoanClear, a marketplace for loan portfolios.

Chestnut acted as exclusive financial advisor to the shareholder and management of Dynamic Credit during the sale of a minority equity stake to Aegon, a leading financial services organization, providing life insurance, pensions and asset management.

Mendix offers a software platform to build, integrate and deploy web- and mobile applications to clients around the world.

Chestnut conducted a valuation analysis of Mendix.

Bridgevest is a SaaS and consultancy provider for the Wealth and Retirement Management sector and provides its clients – currently mainly pension funds – in-house developed software tools allowing them to make the step to a client-centric, technology focused and (big) data driven business model.

Chestnut acted as financial advisor to the shareholders and management resulting in the sale of their share capital to Keylane, a portfolio company of private equity firm Waterland.

KeyGene is an agricultural research driven biotech company dedicated to perform higher crop yield and quality. KeyGene assists organisations with their R&D challenges, combining cutting edge breeding technologies, bioinformatics & data science expertise and plant-based trait platforms.

Chestnut assisted KeyGene in a strategic decision process regarding one of its research programs.

Redbee focuses primarily on (managed) hosting activities, including PCI DSS compliant hosting, a security standard that is mandatory for creditcard service providers. The company is experienced in designing, building and managing secure and scalable environments. Fortytwo specializes in consultancy, management and audit activities in comparable segments as Redbee, mainly focused on security, networks and information architectures.

Chestnut acted as exclusive financial advisor to the shareholders of Fortytwo and Redbee in the sales process resulting in the acquisition of the companies by Internetservices , the leading IT & cloud services provider in the Netherlands.

Jan Snel provides a wide range of flexible, modular (semi-)permanent building solutions for a.o. industry applications, healthcare, education, student and refugee housing with a leading market position in the Benelux, next to its special-purpose transportation division.

Chestnut acted as exclusive financial advisor to the shareholders and management of Jan Snel during the sale of a majority equity stake to Parcom Capital, a leading mid-market private equity firm active in the Benelux.

Sportfondsen is a leading provider of management and operational services in the sports, recreation, well-being and culture sector. The Company manages and operates more than 200 facilities, ranging from swimming pools and other sports facilities to community centres and multifunctional accommodations, for over 70 municipalities in the Netherlands.

Chestnut acted as the advisor to Sportfondsen on a range of corporate finance topics during the first quarter of 2016.

A friend of mine (AFoM) is a digital agency engaged in social media marketing, specifically focused on Facebook advertising. AFoM realises Facebook campaigns for clients including Philips, Friesland Campina, Nationale Nederlanden and Hunkemöller from concept to execution. Second Degree (SD) is market leader in LinkedIn marketing in the Netherlands.

Chestnut acted as financial advisor to the shareholders of AFoM and SD resulting in the sale of their share capital to TamTam, a portfolio company of private equity firm Waterland.

Code P West (CPW) focuses on development and creation of assembled industrial products. These products are usually made of synthetic material, metal, fine sheet metal, precision engineering and electronics. In addition, the company produces and sells custom-made 3D printers.

Chestnut acted as exclusive financial advisor to CPW and its shareholders resulting in a Management Buy-Out (“MBO”) / sale of the Company to a private investor and management.

Digidentity provides end-to-end identity certification solutions for businesses and consumers that engage anywhere online. DDY’s high-assurance validation and authentication systems create secure environments for digital transactions across industries that include banking and insurance, transportation and logistics, government services, regulatory affairs, and electronic commerce.

Chestnut acted as exclusive financial advisor to the founding shareholder of DDY, resulting in a strategic sale to Solera (a global leader in data and software for automotive, home ownership and identity management), who has been a minority shareholder since 2010.

Poppers provides a wide range of fasteners (staples, collated nails & screws and metric fasteners) and related power tools to the construction, automotive, packaging and furniture industry.

Chestnut acted as exclusive financial advisor to the shareholders of Poppers during the sales process resulting in the acquisition of the company by Senco.

Roger Bacon is a young company that focuses on ‘mass customization’ in the optical industry. By combining proprietary software – that can merge 3D biometric scans and eyewear designs – with 3D printing Roger Bacon produces affordable, high quality, custom-made frames with short delivery times.

Chestnut acted as exclusive financial advisor to Roger Bacon and its shareholders resulting in the raise of additional growth capital.

Multi Pilot Simulations develops, manufactures and sells fixed-base, type-specific flight simulators (B737, A320) for airliners (such as Ryanair, WizzAir and El-Al), type-rating training organizations (TRTOs) and flight schools (FTOs).

Acting from its role as minority shareholder, Chestnut professionalized MPS’ finance organization, initiated the transaction with H2 and assisted the shareholders of MPS as principal in this transaction.