Flipvan der Drift

Associate

Amsterdam + 31.20.305.4214

Flip van der Drift's practice focuses on banking, finance, distressed debt, and a wide variety of restructuring and insolvency matters. He advises financial institutions and corporate clients on financing transactions and workouts related to syndicated and single bank loans, secured and unsecured financings, acquisitions, projects, asset-based lending, and financial restructurings, which include the global restructurings of the Isolux Group (global energy, construction, and industrial services provider) and the IAC Group (leading global supplier of automotive components and systems).

Flip is also part of the team of insolvency administrators in high-profile cross-border bankruptcy cases, including Intertoys (leading toy retailer in the European market), Oi Móvel (the Dutch financer of the Brazilian telecom giant), and PaperlinX (global paper distributor).

Prior to joining Jones Day in 2015, Flip served several internships with top-tier Dutch law firms.

Experience

  • ARA Asset Management acquires majority stake in Venn PartnersJones Day represented ARA Asset Management Limited ("ARA"), an Asian real estate fund management company listed on the Singapore Stock Exchange, in connection with the acquisition of a majority stake in Venn Partners LLP, a specialist investment manager in European real estate private debt.
  • JERA acquires minority stake in Formosa 2 offshore wind power projectJones Day advised JERA in the acquisition of a minority stake in the Formosa 2 offshore wind power project, located near Miaoli County off the west coast of Taiwan.
  • Ad hoc group of senior secured lenders advised in landmark restructuring of the syncreon groupJones Day acted for the ad hoc group of senior secured lenders in the landmark restructuring of the global logistics syncreon group which was implemented via English Schemes of arrangement, with chapter 15 recognition in the U.S. and CCAA recognition in Canada.
  • Wabtec announces new financing arrangementsJones Day represented Wabtec Corporation in connection with the refinancing and replacement of its existing revolving credit facility in the aggregate principal amount of $1.2 billion; a refinancing term loan in an aggregate principal amount of $350 million; and a new delayed draw term loan in an aggregate principal amount of $400 million.
  • International Automotive Components Group completes refinancing of Senior Secured NotesJones Day advised International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes due 2023 to Gamut Capital Management, L.P. in a private placement.
  • RPM acquires leading Dutch coatings company, SPS GroupJones Day advised RPM International Inc. in its acquisition of SPS Group, a Dutch decorative and specialty coatings company.
  • Total sells Atotech to The Carlyle Group for $3.2 billionJones Day advised Total in the $3.2 billion sale of specialty chemical affiliate Atotech B.V., a global manufacturer of high technology plating solutions, to The Carlyle Group.
  • Syndicate of lenders provides financing to Grupo Isolux Corsan for its restructuring of debtJones Day provided legal advice to a syndicate of Lenders (excluding bondholders) in a financing transaction to Grupo Isolux Corsan S.A., a listed global Spanish construction and engineering company, in the restructuring of nearly €2 billion debt owed by the worldwide-based group of companies.
  • Pandox acquires seven hotels in Germany, Austria, and Netherlands for €415 million (US$440 million)Jones Day advised Pandox AB in connection with the €415 million (US$440 million) acquisition and related financing of seven hotels in Germany, Austria, and the Netherlands, from Invesco Real Estate European Hotel Real Estate Fund II FCP - SIP.
  • Highbrook Income Property Fund acquires three real estate portfolios managed by Hanzevast Capital N.V. in the NetherlandsJones Day represented Highbrook Income Property Fund, LP in connection with the acquisition of three real estate portfolios managed by Hanzevast Capital N.V. in the Netherlands.
  • XiO portfolio company completes $245 million unitranche refinancingJones Day acted as international counsel to Lumenis Inc., the world's largest energy-based medical company for surgical, ophthalmology, and aesthetic applications and a portfolio company of XiO Group, in connection with its $245 million unitranche refinancing provided by Alcentra Limited.
  • Musim Mas Europe acquires Dutch Glycerin RefineryJones Day advised Musim Mas Europe Pte. Ltd. in connection with its acquisition of Dutch Glycerin Refinery B.V., a producer of refined and high quality glycerin and the largest crude glycerin refining unit at a single location in the world.
  • Gimv acquires stake in JoolzJones Day represented Gimv N.V. in connection with its acquisition of a 40% stake in the Amsterdam-based company Joolz, a unique fast growing premium pushchair brand with leading positions in various markets, next to the founder Emile Kuenen and the managing director Stan Vermeulen.
  • Gimv invests in international growth of natural climate control and fire safety specialist BrakelJones Day advised Gimv in connection with its acquisition of a majority interest of the Dutch company Brakel next to the existing management team.
  • PNC Bank enters into $575 million revolving credit facility with MSA Safety Incorporated, MSA UK Holdings Limited, and MSA International Holdings BVJones Day represented PNC Bank, National Association ("PNC"), as administrative agent, and PNC Capital Markets LLC, as joint lead arranger and joint bookrunner, in connection with the second amended and restated credit agreement among MSA Safety Incorporated, MSA UK Holdings Limited, and MSA International Holdings BV, as borrowers, pursuant to which a syndicate of financial institutions including PNC extended revolving credit commitments of $575 million.
  • Bunge and Solazyme expand joint venture to make oils from renewable sources using microbesJones Day assisted Bunge Global Innovation, LLC in renegotiating its joint venture agreements with Solazyme, Inc. in the Netherlands and Brazil to, among other things, expand the products to be made and the geographies and manner in which all such products will be sold.
  • Marfrig Global Foods completes cash tender offers for Senior NotesJones Day represented Marfrig Global Foods S.A., (BM&FBOVESPA: MRFG3) one of Brazilian's largest food processing companies, in connection with its quadruple cash tender offer to buy back Senior Notes maturing in 2018, 2019, 2020, and 2021 issued by its subsidiaries Marfrig Holdings (Europe) B.V. and Marfrig Overseas Limited.
  • CBRE Global Investment Partners acquires €350 million (US$400 million) European logistics portfolioJones Day advised CBRE Global Investment Partners in connection with its investment in Pan-European Logistics Venture, a TH Real Estate investment fund, and the fund's simultaneous acquisition and financing of a portfolio of seven logistics assets: four in France, one in Germany, one in Holland, and one in Spain, for €350 million (US$400 million).
  • XIO acquires Lumenis for approximately $510 million, $14 per share, in cashJones Day advised XIO Group in its acquisition of Lumenis Ltd., the world's largest energy-based medical company for surgical, ophthalmology, and aesthetic applications, for $14 per share in cash, for an aggregate purchase price of approximately $510 million.
  • Large automotive interior components supplier obtains $300 million and €175 million senior secured global revolving credit facilitiesJones Day represented a large automotive interior components supplier in connection with the negotiation and documentation of $300 million and €175 million (US$196.7 million) senior secured global revolving credit facilities with a syndicate of banks led by CF Lending, LLC as administrative agent and GE Capital Markets, Inc. as lead arranger.
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