“This has been a highly complex transaction involving 10 jurisdictions. Cavendish has held our hands throughout the process, providing a dedicated team who have done a superb job; this has greatly reduced interruptions to our businesses whilst adhering to the original timetable. Cavendish has achieved a very successful sale at a fair price to a buyer who will enjoy significant strategic value...Michael Bostelmann | Group Managing Director of Fandstan Electric Group
“Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing...Lee Mowle|Owner and CEO of Stewarts
“This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by...John Stern|Chairman, Levolux
VARO Energy (VARO) has signed an agreement to acquire 100% of the shares in SMD Beheer BV, including all of the business activities of Calpam BV. (together Calpam).
The closing of this transaction is anticipated to take place at the end of October 2019, subject to the approval of the Dutch competition authorities.
Calpam owns and operates a 9.000cbm terminal in Gorinchem and 19 retail service stations in the central part of the Netherlands and is furthermore active in the wholesale of fuels, home base fuel deliveries within different market segments and distribution of lubricants.
VARO Energy refines, stores and distributes oil products for the North West European market. The company owns a refinery in Cressier, Switzerland, a minority share in the Bayernoil refinery, Southern Germany, storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland
Oaklins’ team in the Netherlands acted as lead advisor to the seller in this transaction.