DPG Media’s €460 Million Acquisition Of Sanoma Media Netherlands

Clifford Chance has advised Sanoma on its divestment of the strategic business unit Sanoma Media Netherlands to DPG Media.

Sanoma Media Netherlands consists of leading Dutch and Belgian magazines (incl. Libelle, Donald Duck, vtwonen) and the online news brand NU.nl. Divestment of Media Netherlands is an important step in Sanoma’s strategic transformation from a predominantly media company into a combination of a growing European-based learning company and the leading cross-media company in Finland. The agreed enterprise value of Sanoma Media Netherlands is EUR 460 million.

DPG Media is a Belgian publishing company that owns media assets in Belgium, Denmark, and the Netherlands. The firm is owned by the Van Thillo family.

The Clifford Chance team that advised Sanoma was led by Amsterdam-based partner Greg Crookes (Picture) and included Pieter Wiegman, Sahur Adam and Luc Van Oosterhout (Corporate), Jaap Tempelman and Bart Van Hattum (IP/IT/data and business separation), Floris van de Bult, Wijnanda Rutten, Sanne Blankestijn, Willemijn de Wit and Marije Senne (Employment and benefits), Michiel Sunderman, Stern Flik and Rocco Ijsselmuiden (Tax), Frans Muller, Jurre Jurriens and Celine Vermeulen (Antitrust) and Folko de Vries (Finance).

Involved fees earner: Sahur Adam – Clifford Chance; Sanne Blankestijn – Clifford Chance; Gregory Crookes – Clifford Chance; Folko de Vries – Clifford Chance; Willemijn de Wit – Clifford Chance; Stern Flik – Clifford Chance; Jurre Jurriens – Clifford Chance; Frans Muller – Clifford Chance; Wijnanda Rutten – Clifford Chance; Marije Senne – Clifford Chance; Michiel Sunderman – Clifford Chance; Jaap Tempelman – Clifford Chance; Floris van de Bult – Clifford Chance; Bart van Hattum – Clifford Chance; Luc van Oosterhout – Clifford Chance; Celine Vermeulen – Clifford Chance; Pieter Wiegman – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Sanoma Corporation;