Brandaris Capital’s Niek Hoek, Gerbrand ter Brugge on behalf of Oaklins Netherlands and Stephan Nanninga are the founding fathers and promotors of Dutch Star Companies ONE N.V. a special purpose acquisition company (“SPAC”) listed on Euronext Amsterdam as of 22 February 2018 (ticker symbol DSC1).
Dutch Star Companies ONE is a good example of how Brandaris Capital cooperates with different parties to establish innovative investment propositions.
The purpose of the now listed Dutch Star Companies ONE is to acquire a significant minority stake in a business with principal business operations in Europe, preferably in the Netherlands.
Dutch Star Companies ONE raised €55.4 million in equity in its IPO. Of this equity 99% is deposited in an escrow account to invest in one target company. If such a target company has been found at least 70% of the shareholders of Dutch Star Companies ONE have to approve the investment in the target company (the Business Combination). Thereafter, Dutch Star Companies ONE will seek to fully consolidate with the target company. It will continue its business activities under the name of the target company, at which point Dutch Star Companies ONE-shareholders will hold listed shares in the Business Combination.
Dutch Star Companies ONE aligns returns for investors, promoters and the target company’s shareholders aiming for a win-win-win. If a Business Combination is not proposed within 24 months after the IPO, invested funds deposited in the escrow account will be, for the most part, returned to shareholders as described in the Prospectus.
Dutch Star Companies ONE is led by Executive Directors Niek Hoek (Brandaris Capital) and Stephan Nanninga and is supported by Oaklins Netherlands and Derk Hoek of Brandaris Capital. For the Dutch Star Companies ONE Prospectus and further information please visit the Dutch Star Companies website: www.dutchstarcompanies.com