De Brauw has advised Fugro on its initiated auction to sell its trenching cable laying business. Ultimately GMSL came out as the preferred bidder, offering a secured vendor loan and an equity stake.

Other parties involved
Other, JV partner

Nature of transaction
Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro's trenching and cable laying business in exchange for an equity stake of around 24% in the combined business valued at US$ 65 million, and a one year secured vendor loan of US% 7.5 million.

Value of transaction
Undisclosed, but more than 5 million

Other advisors
ING - investment bank advising Fugro Milbank - GMSL's lawyer

De Brauw lead partner
Bernard Roelvink

De Brauw team
Pierre Nijnens, Henk van Ravenhorst, Willemijne Adank and Hylke ten Bruggencate