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Dutch Star Companies TWO successfully lists in a US$130 million IPO

Dutch Star Companies TWO (DSC2), powered by Oaklins Netherlands, has raised US$130 million and has successfully listed on Euronext Amsterdam with the aim of forming a business combination with a Dutch mid-sized target company.

The IPO of DSC2, a special purpose acquisition company (SPAC), follows the successful launch of Dutch Star Companies ONE, which merged into a business combination with CM.com on 21 February 2020. The Dutch Star Companies, based on the successful launch of three Italian SPACs by Oaklins Italy, are led by established Dutch executives Niek Hoek, Stephan Nanninga and Gerbrand ter Brugge, the latter on behalf of Oaklins Netherlands.

As one of the sponsors of DSC2, Oaklins’ team in the Netherlands executed the IPO from start to listing. During this process, the team was involved in diverse activities such as securing significant pre-commitments from cornerstone investors, the structuring of the deal as well as the sizing of the IPO.

Niek Hoek, Executive Director of DSC2, commented: ”DSC2’s proceeds of US$130 million brings us in the reach of business combinations with a market value of around US$475 million, allowing the target company a fast, efficient stock exchange listing with limited IPO risk and lower upfront costs. The Dutch company with which we enter into such a transaction thus combines the liquidity of all its shares listed on Euronext while retaining control over its own company.”

“Realizing this IPO, we are now well positioned to identify a business combination that not only can benefit from the extensive network and expertise of both DSC2 Executive Directors and Oaklins but also offering that business combination a high-quality shareholder base of established Dutch entrepreneurs, executives and private investors.”

Gerbrand ter Brugge

Executive Director, DSC2

Talk to the deal team

Gerbrand ter Brugge

Partner
Amsterdam, Netherlands
Oaklins Netherlands

Maarten Wolleswinkel

Partner
Amsterdam, Netherlands
Oaklins Netherlands

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