DLA Piper has advised Ballast Nedam N.V. on the sale of its offshore activities, which included the vessel Svanen, to a subsidiary of the dredging company Van Oord N.V. Ballast Nedam N.V.’s offshore activities consisted of engineering, procurement, construction and installation services for the construction of offshore wind farms.

The sale of the offshore activities took on the form of an auction process, with the transaction being completed under strict timeframes, in line with the announcement of Ballast Nedam N.V’s divestment programme.

DLA Piper has previously been involved in a number of Ballast Nedam N.V.’s divestments, such as the sale of Ballast Phoenix to H2 and the CNG Net assets to Bencis Capital Partners.

Partner Daphne Bens led the DLA Piper team and said: ‘We know the company well, which allows us to act quickly and we know where the priorities lie. It was an assets deal. The different parts of the offshore division, whose landmark was the floating crane Svanen, were spread across various companies which made the transaction interesting from a legal perspective."

DLA Piper’s team also included Hélène Bogaard, Patrick Gremmels, Bas Degelink, Jacklynn Everduim, Nicoline Evers and Sophie Gilliam.

Van Oord N.V. was advised by Houthoff Buruma.