Equity & Debt Financing
Chestnut aims to assist and facilitate a company in their financing challenges and opportunities. Our Equity & Debt Financing services range from external (equity) investments, (bank) debt financing, to full financial restructurings (i.e. recapitalizations). With decades of deal team experience, we provide independent advice in order to realize a suitable equity-and-debt structure for our clients. Where possible we tackle issues beforehand.
Equity and Debt Financing services include:
- Fundraisings (e.g. private placements)
- Equity advisory
- Debt structuring and raising
- Debt advisory
- Financial restructuring
Equity & Debt Financing transactions
Acquisition
Chestnut acted as financial advisor to Hoornaert
Capital raise (€8m Seed)
Chestnut acted as financial advisor to Payaut
Capital raise (Seed)
Chestnut acted as financial advisor to Open HealthHub
Capital raise ($30m Series B)
Chestnut acted as financial advisor to Studytube
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Debt advisory & Refinancing
Chestnut
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
€2.6m capital raise
Chestnut acted as financial advisor to Payaut
Corporate finance advisory
Chestnut acted as financial advisor to The Dutch
Corporate finance advisory
Chestnut acted as financial advisor to Bonarius
Valuation analysis
Chestnut acted as financial advisor to VVE NL
Valuation analysis
Chestnut acted as financial advisor to Chordify
€10m capital raise
Chestnut acted as financial advisor to Studytube
€1.0m capital raise
Chestnut acted as financial advisor to Payaut
Acquisition
Chestnut acted as financial advisor to VBO
Private placement
Chestnut acted as financial advisor to Jellow
€4.5m private placement
Chestnut acted as financial advisor to Sillo
Private placement
Chestnut acted as financial advisor to GoodFuels
Acquisition
Chestnut acted as financial advisor to Hoornaert
Description
H. Hoornaert Scheepswerf De Schroef (HHSW) is located in Sas van Gent along the busy shipping route of the Ghent-Terneuzen canal. The shipyard provides various services for seagoing and inland vessels up to a length of 162 meters, including repair, conversion, outfitting and new construction. The facilities (including two dry docks and a slipway) are fully equipped to perform work above AND below the waterline.
Chestnut assisted and advised (both strategically and financially) HHSW in realizing an asset/liability transaction, resulting in the sale of HHSW to Norden Shipyard, part of Hicri Ercili, a major player in the shipping market.
Capital raise (€8m Seed)
Chestnut acted as financial advisor to Payaut
Description
Founded in 2019, Payaut is an Amsterdam-based fintech that provides an automated payment solution for online marketplaces. Payaut acts as an intermediary between sellers and the various Payment Service Providers (PSPs), meaning that marketplaces are no longer dependent on a single PSP.
The €8.0m Seed round was led by Gradient Ventures, Google’s AI-focused venture fund, with participation from existing investors LocalGlobe and Entrée Capital.
Chestnut acted as financial advisor to Payaut in the fundraising process.
Capital raise (Seed)
Chestnut acted as financial advisor to Open HealthHub
Description
Open HealthHub is a Netherlands based healthtech plaform focused on secure health data exchange between healthcare providers and patients aimed to reduce the administrative burden in healthcare. Currently, the Open HealthHub platform is successfully implemented at various European hospitals, clinics and research groups.
Holland Capital, who provided the growth capital to Open HealthHub, has successfully invested in more than 150 Dutch SMEs over the past 40 years. It is active in the growth markets of Healthcare and Technology.
Chestnut acted as financial advisor to Open HealthHub in the fundraising process.
Capital raise ($30m Series B)
Chestnut acted as financial advisor to Studytube
Description
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.
Energy Impact Partners (EIP), a US based growth investor (€2bn+ fund), and Verdane, a €3bn+ Scandinavian investment fund, invested $30m in the Series B round.
Chestnut acted as financial advisor to Studytube in the fundraising process.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
Partou is a childcare chain, and, with over 700 locations, it is one of the largest childcare chains in the Netherlands. Last year, almost 67,000 children visited their daycare centers or out-of-school care locations.
Chestnut OR Advies acted as exclusive financial advisor to the Works Council of Partou.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
Tata Steel Netherlands (TSN) is one of Europe’s leading steel producers, with steelmaking in IJmuiden, the Netherlands, and manufacturing plants across Europe. The company supplies high-quality strip steel products to demanding markets such as construction, automotive, packaging and engineering. 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.
Chestnut OR Advies acted as exclusive financial advisor to the Central Works Council of Tata Steel Netherlands.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
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.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
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.
Debt advisory & Refinancing
Chestnut
Description
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.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
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.
Works Council Advisory Services
Chestnut acted as financial advisor to the Works Council
Description
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.
€2.6m capital raise
Chestnut acted as financial advisor to Payaut
Description
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.
Corporate finance advisory
Chestnut acted as financial advisor to The Dutch
Description
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.
Corporate finance advisory
Chestnut acted as financial advisor to Bonarius
Description
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.
Valuation analysis
Chestnut acted as financial advisor to VVE NL
Description
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.
Valuation analysis
Chestnut acted as financial advisor to Chordify
Description
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).
€10m capital raise
Chestnut acted as financial advisor to Studytube
Description
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.
€1.0m capital raise
Chestnut acted as financial advisor to Payaut
Description
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.
Acquisition
Chestnut acted as financial advisor to VBO
Description
Venum is de voormalige joint venture tussen VBO en Wazzup Software, de ontwikkelaar van Housenet en Kolibri. Venum zet haar activiteiten vanaf heden voort onder de handelsnaam Kolibri.
VBO is een brancheorganisatie voor makelaars, taxateurs en verhuur-specialisten. Met circa 1.200 leden is VBO in geheel Nederland vertegenwoordigd. VBO ondersteunt haar leden o.a. met producten en diensten, opleidingen, voorlichting en belangenbehartiging.
Wazzup Software ontwikkelt al bijna 20 jaar software voor makelaars. Haar focus op de makelaardij en de ontwikkeling van stabiele, maar flexibele platforms heeft geresulteerd in Housenet, een professionele en betaalbare oplossing voor makelaarswebsites, en Kolibri, het gebruiksvriendelijke, effectieve en flexibele CRM-systeem voor de makelaardij.
Chestnut heeft VBO bijgestaan en geadviseerd (zowel strategisch als financieel) bij het realiseren van de transactie, resulterend in 100% aandelenbelang van Venum gehouden door VBO en een overname van de Housenet-activiteiten van Wazzup Software.
Private placement
Chestnut acted as financial advisor to Jellow
Description
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.
€4.5m private placement
Chestnut acted as financial advisor to Sillo
Description
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.
Private placement
Chestnut acted as financial advisor to GoodFuels
Description
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.