Firm Advises ING Corporate Investments on Investment in Dutch Full Electric Bus Pioneer EBUSCO

22 Dec 2016

International law firm Simmons & Simmons advised ING Corporate Investments, the co-investment branch of ING Bank, on their investment in EBUSCO B.V., a Dutch company which develops, markets and sells full electric (public transport) buses in the European market. The transaction was structured as a share issuance that resulted in a minority stake in EBUSCO for ING CI.

EBUSCO is a pioneer in the development of electric bus transport and was the first European company to receive a full European type approval for a full electric bus. ING also provides a loan which, together with a loan from the Dutch Ministry of Economic Affairs, will be used to expand the production of electric buses rapidly, since all public transport buses in the Netherlands are required to be emission-free by 2030.

Rob Hendriks, the firm's partner in Amsterdam commented, “we take great pride in advising ING on what they understandably regard as a high profile investment.”

The Simmons & Simmons team was led by partner Rob Hendriks and supervising associate Martijn Stuart. Other members of the team included Michiel Boer and Gijs ter Braak. 

                                                                             -Ends-

 

Notes to editors:

1. We are a leading international law firm with fully integrated teams working through offices in Europe, the Middle East and Asia, and bring experienced professionals to some of the most active growth markets today. Our focus on a small number of sectors means we are able to understand and respond to our clients’ needs. Our industry sectors are: Asset Management & Investment Funds, Financial Institutions, Life Sciences and Telecoms, Media & Technology (TMT). We also focus on the Energy & Infrastructure market, in particular through our international projects and construction teams. We have a track record for innovation and delivering value to clients through new ways of working.

2. Simmons & Simmons is an international legal practice carried on by Simmons & Simmons LLP and its affiliated practices. Accordingly, references to Simmons & Simmons mean Simmons & Simmons LLP and the other partnerships and other entities or practices authorised to use the name “Simmons & Simmons” or one or more of those practices as the context requires. The word “partner” refers to a member of Simmons & Simmons LLP or an employee or consultant with equivalent standing and qualifications or to an individual with equivalent status in one of Simmons & Simmons LLP’s affiliated practices. For further information on the international entities and practices, refer to simmons-simmons.com/legalresp.

3. Visit our website at simmons-simmons.com or our award-winning online legal service at elexica.com.

4. For further information, please contact Jodi Young, Head of Marketing & Communications on +44 20 7825 3134 or at jodi.young@simmons-simmons.com , or Lauryn McKinney, Communications & PR Executive on +44 20 7825 3764 or email lauryn.mckinney@simmons-simmons.com