Client name
VP Exploitatie NV – bidder

Other parties involved
Mediahuis NV; TMG

Nature of transaction
On 5 March 2017, TMG, Mediahuis and VP Exploitatie reached an agreement on a recommended cash offer for all shares in TMG. The combination of TMG and Mediahuis will create a leading Dutch-Belgian multimedia group with a sustainable future. Mediahuis and VP Exploitatie together already own a strategic stake of 59.25% of the TMG shares, providing for a realistic level of deal certainty. Talpa, holding 20% of the shares in TMG, announced itself as competing offeror in the bidding proces.

Value of transaction
EUR 278 million

Date deal
5 March 2017

De Brauw involvement
Legal counsel to VP Exploitatie

Other advisors
In connection with the transaction, TMG's financial advisors are ABN AMRO Bank N.V., Coöperatieve Rabobank U.A. and its legal counsel is Allen & Overy LLP, Amsterdam office. For the Supervisory Board Van Doorne N.V. acted as legal counsel and Rothschild as financial advisor. The communication advisor is Citigate First Financial. On behalf of Mediahuis, ING Bank N.V. is acting as financial advisor, Linklaters LLP, Amsterdam office is acting as legal counsel and the communication advisor is Hill+Knowlton Strategies. On behalf of VP Exploitatie, Alantra Corporate Finance B.V. is acting as financial advisor, De Brauw Blackstone Westbroek N.V. is acting as legal counsel and the communication advisor is Hill+Knowlton Strategies.

De Brauw lead partner
Bernard Roelvink

De Brauw team
Bernard Roelvink, Hanneke van Manen, Rutger van Boxtel, Rim Roomberg, Reinier Kleipool, Harm-Jan de Kluiver, Paul Sleurink, Maarten van der Weijden, Tes Flapper, Jonas Hinrichsen, Michelle Massart