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May 2023
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Sole Financial Adviser
Joint Venture


Sole Financial Adviser

Van Lanschot Kempen acted as sole financial adviser to TINC N.V. (“TINC”), a leading Belgian listed infrastructure investor, on the Joint Venture between its participation ‘GlasDraad’ and ‘Glaspoort’

Transaction Highlights

  • GlasDraad, a Dutch developer and operator of optical fiber networks founded in 2017, is joining forces with Glaspoort, a Dutch developer of optical fiber networks that is also active in the rollout of fiber networks in the Netherlands
  • GlasDraad and Glaspoort are joining forces to speed up the provision of high-speed fiber internet in the Netherlands 
  • The activities of both companies complement each other, with GlasDraad mainly active in underserved rural areas and Glaspoort in smaller municipalities, villages and business parks
  • As part of this cooperation, Glaspoort will take a 50% participation in GlasDraad, with the possibility of acquiring full ownership of GlasDraad over time
  • Van Lanschot Kempen acted as Sole Financial Adviser to TINC
  • This transaction marks Van Lanschot Kempen’s second Infrastructure and Renewables transaction in the last six months, underpinning the success of Van Lanschot Kempen to support companies in the Infrastructure and Renewables space

About GlasDraad

  • GlasDraad was founded in 2017 on the initiative of TINC, with the ambition to provide households and businesses in underserved areas in the Netherlands access to superfast, reliable and affordable fiber connections 
  • GlasDraad realizes network connections in function of effective demand by households and businesses who do not yet have access to broadband internet
  • GlasDraad is geographically present throughout the Netherlands and includes networks that are in various stages (built, under construction and in demand bundling) and already allowed more than 90,000 households to connect to superfast internet

About TINC

  • TINC is a Belgian listed infrastructure investment company that participates in companies active in the realization and operation of infrastructure, real assets and assets in the energy sector
  • TINC holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and selective real estate in Belgium, the Netherlands and Ireland

About Glaspoort

  • Glaspoort is a joint venture of KPN and APG, providing high-speed internet services in medium dense areas and business parks throughout the Netherlands
  • Glaspoort accelerates the roll-out of fiber connections in the Netherlands, and over the next years aims to provide approximately 1.2 million households and businesses with a future-proof internet fiber connection

Van Lanschot Kempen Infrastructure & Renewables credentials

  • Since 2020 to date, Van Lanschot Kempen advised on >110 transactions across different sectors and countries, representing a total deal value of >€30bn in a challenging and unprecedented pandemic environment
  • This transaction marks another important milestone for the van Lanschot Kempen’s Infrastructure & Renewables franchise as we continue to support our clients active in the digital and renewables sector
  • This transaction underpins our expertise in the digital infrastructure sector as well as our capabilities to successfully execute complex transactions with leading corporates and institutional investors

Please do not hesitate to contact us if you have further questions

Maarten de Zeeuw Van Lanschot Kempen

Maarten de Zeeuw

Managing Director
Infrastructure & Renewables

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