Capital Markets: Debt
Europe Guide 2024 : Netherlands
Band 2
Email address
[email protected]Contact number
+31 20 717 10 00About
Provided by NautaDutilh
The financing capacity of banks has reduced with the new capital requirements. Demand for alternative sources of financing is increasing. NautaDutilh's Capital Markets team assists companies in using both conventional and a growing choice of alternative forms of finance.
The team has extensive experience in advising issuers and lead managers/underwriters. We offer advice on various forms of equity capital markets transactions (IPOs and rights issues), debt capital markets transactions (advising on the issuance of stand-alone bonds, high-yield debt and investment grade debt), the drafting of debt issuance programmes for retail investors and professional market parties, and so-called direct loans.
NautaDutilh places the needs of the client as foremost, and where necessary will develop innovative structures to respond to those needs. An illustrative example of this was the recent financing of the largest single-asset real estate deal in Dutch history: the acquisition of the High Tech Campus from Philips Electronics Nederland by a consortium of investors led by Marcel Boekhoorn. A Credit Tenant Lease financing structure comprised of an innovative mix of derivatives, insurances, collateral, a U.S. note, indemnities and guarantees under various applicable laws.
Chambers Review
NautaDutilh boasts a market-leading securitisation practice, advising sponsors, originators, issuers and investors on RMBS transactions, portfolio sales, covered bond programmes and mortgage investment platforms. The law firm is also highly regarded for its work on ECM and DCM mandates, with particular experience in transatlantic transactions. It offers notable expertise in both corporate and regulatory bond issuances, including acting for the purchasers, as well as in assisting with the establishment of EMTN programmes. The team is also a popular choice with underwriters, SPACs and sponsors for advice on IPOs, capital raises and business combinations.
Work Highlights
- NautaDutilh advised Nationale-Nederlanden Bank on the set-up, issue and an update of its Soft Bullet Covered Bond Programme, valued at EUR10 billion.
Strengths
Provided by Chambers
"The team at NautaDutilh are business-oriented and solutions-driven."
"NautaDutilh distinguishes itself through its strong local law knowledge, keen sense of market developments, and advice that is both practical and reliable for overall transaction negotiations."
"Their level of client commitment is displayed in their lawyers' eagerness to respond quickly with commercially and legally measured advice."
"The team at NautaDutilh are business-oriented and solutions-driven."
"NautaDutilh distinguishes itself through its strong local law knowledge, keen sense of market developments, and advice that is both practical and reliable for overall transaction negotiations."
"Their level of client commitment is displayed in their lawyers' eagerness to respond quickly with commercially and legally measured advice."
Notable Practitioners
Arjan Scheltema is known for his expertise and high levels of activity in the setting up and updating of covered bond programmes. He has additional experience in multi-tranche mortgage securitisations and STS-compliant transactions.
"Arjan is the first person I call whenever a new deal or project comes up in order to secure his services. He has the rare ability to translate theoretical legal knowledge into practice and is highly creative in coming up with valuable solutions in capital markets transactions. I would highly recommend him."
"Arjan is very strong in his level of service. He is very knowledgeable about structured financial transactions, strong in negotiations, and adds value on commercial points in addition to legal points."
Michaëla Ulrici is a highly esteemed practitioner who regularly acts as drafting counsel on matters, including RMBS transactions and warehouse securitisations, as well as advising on investor accessions to mortgage loan platforms she advised on setting up.
"Michaëla is an approachable, hands-on lawyer who has a direct, no-nonsense approach."
"Michaëla is very accessible, and she's very helpful in thinking from a client perspective - not what can be done but how can it be done."
"Michaëla Ulrici is a go-getter with excellent knowledge and great social skills."
"Michaëla Ulrici is one of the best lawyers in the industry. She is someone you would like to have at your side of the table. She knows the market inside out and therefore combines deep knowledge with long experience."
Antonia Netiv has a strong reputation for advising underwriters and sponsors on traditional IPOs and capital raises. Her recent work highlights also include SPAC IPOs and business combinations, where she advises SPACs, sponsors and underwriters.
"Antonia is very responsive and an excellent issue spotter. She delegates the right level of work to her associates and is always in the background to ensure a quality service."
"Antonia is a great professional who is business-driven and solutions-driven."
"Antonia is an impressive individual who proposes practical solutions to complex cross-border issues that are creative and goal-oriented."
Former managing partner Petra Zijp's extensive knowledge includes public offerings and private placements, and she is particularly focused on advising international banking syndicates on IPOs and SPAC transactions. She has additional experience assisting Dutch companies on preparing their listings in the USA.
"Petra Zijp offers a very high level of service."
Liza Gerritsen supports her clients on securitisation mandates, including RMBS transactions, STS-compliant warehouse securitisations, establishing loan platforms and connected investor accessions.
"Liza is very experienced, service-oriented and knowledgeable. She is able to get large amounts of work done and is meticulous in her work."
"Liza offers very strong client service. She is very knowledgeable about structured finance transactions and is strong in preparing for negotiations, including their commercial elements."
Ranked Lawyers at
NautaDutilh
Netherlands
Members
Provided by NautaDutilh
Elizabeth van Schilfgaarde
Paul van der Bijl