2023
![](https://www.chestnut.nl/wp-content/uploads/2023/09/PNO.png)
Acquisition
![](https://www.chestnut.nl/wp-content/uploads/2023/09/Bencis.png)
Chestnut acted as sell-side advisor to PNO
Omschrijving
PNO offers a wide range of subsidy, innovation and compliance services and is strongly positioned in the sectors life sciences & health, energy and climate & environment. In the Netherlands, PNO is among others market leader in the area of R&D subsidies (WBSO-dienstverlening).
Bencis is an independent investment fund with offices in Amsterdam, Brussels and Düsseldorf focusing on mid-market investments in European companies.
Chestnut acted as sell-side advisor to the shareholders and management of PNO on the sale to Bencis.