On 22 January TomTom announced the sale of its Telematics business to Bridgestone Europe NV/SA for a purchase price of EUR 910 million. TomTom intends to return the vast majority of the proceeds, being EUR 750 million, through a capital repayment combined with a share consolidation.

De Brauw advises TomTom which led by partner Reinier Kleipool and the following team Barbara Kloppert, Frank Hamming, Paula Ravensbergen, Daniël van Gerven and Ravenne van de Paverd

Other advisors
Barclays (financial advisor), Lazard (advisor to the supervisory board), Allen & Overy