NautaDutilh assists SHV Holdings, a family-owned multinational, on the merger of their group company Dyas Holdings B.V. (Dyas) with Oranje-Nassau Energie B.V. (ONE), in a combined entity called ONE-Dyas.
ONE-Dyas will be a prominent North Sea focused independent operator, holding operated and non-operated assets, with 2019 gas and oil production of some 35,000 boe/day and with an experienced technical and entrepreneurial team, building further on the track record of both ONE and Dyas. This position will enable ONE-Dyas to pursue further growth opportunities, by leveraging portfolio synergies and cross learnings and by continuously optimising the portfolio that is currently well balanced between oil and gas.
The combination aspires to grow its North Sea focused business and will have readily available sources of financing to fund the growth ambitions. It will be backed by a strong financial position with dedicated private shareholders.
The merging of activities is subject to regulatory approvals and completion of the transaction is expected to take place in the first half of 2019.
The NautaDutilh team led by Rebecca Pinto, Lisa Schoenmakers and Jeroen Preller consisted of Elias Ram, Ole de Vries, Willianne van Zandwijk, Olaf Baks, Lieke van der Velden, Jaap Jan Trommel, Harm Kerstholt, Barbara Nijs, Herman Speyart, Arnout Koeman, Nico Blom, Pieternel van den Brink, Sophie van Lanschot, Jeanine Evertse, Nadine Platenburg, Janneke Reijnders, Mirjam Vos, Annefleur van Oel, Martijn Gutteling, Niels Haasnoot, David Wumkes, Minke Hahn, Jorieke van Strijen, Fleur Folmer, Stijn Franken, Erik Poorthuis, Dido Wolvius, Jill Ruigrok, Arjan Pors and Stephan Huis in het Veld.
ONE pusblished a press release on its website: www.onebv.com/merger-of-oranje-nassau-energie-and-dyas/