Special Assignments
Over the years, Chestnut has built strong relationships with a.o. many mid-market corporates and large (inter)national companies. Our pragmatic and discrete approach is highly valued by our clients, which is reflected in our recurring dealflow, of often complex assignments.
Our special assignments typically involve either of the following:
- (Corporate) works council advise
- Strategic advisory
- Company valuations
- Asset valuations
- Business plan (assessments)
- Fairness opinions
Special Assignments

Works Council Advisory Services

Chestnut acted as financial advisor to the Works Council
Omschrijving
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
Omschrijving
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.

Acquisition

Chestnut acted as financial advisor to the Works Council of Smallsteps
Omschrijving
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.

Business case support

Chestnut acted as financial advisor to FoodVentures
Omschrijving
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.

Acquisition

Chestnut acted as financial advisor to the Works Council of Smallsteps
Omschrijving
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.

Business case valuation

Chestnut acted as financial advisor to Le Pain Quotidien
Omschrijving
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.

Valuation analysis

Chestnut acted as financial advisor to Mendix
Omschrijving
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.

Works Council Advisory Services

Chestnut acted as financial advisor to the Central Works Council of Tata Steel Nederland
Omschrijving
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).

Management buy-out

Chestnut acted as financial advisor to the management of HSB
Omschrijving
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.

Valuation analysis

Chestnut acted as financial advisor to Burdock Group
Omschrijving
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.

Valuation analysis

Chestnut acted as financial advisor to RWS
Omschrijving
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.

Valuation analysis

Chestnut acted as financial advisor to Mendix
Omschrijving
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.

Strategic advisory

Chestnut acted as strategic advisor to KeyGene
Omschrijving
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.

Financial advisory

Chestnut acted as financial advisor to Sportfondsen
Omschrijving
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.