JBR has advised Boskalis in the sale of its shares in De Jong to the management and Foreman Capital.
The De Jong activities were taken over at the end of 2011 as part of the acquisition of MNO Vervat. De Jong is primarily active in the maintenance of the main road network and inland waterways in the Netherlands.
Boskalis’ strategy in the Netherlands is focused on large and medium-sized integrated projects and an independent maintenance company does not fit in this strategy. The management at that point had expressed its ambition to independently continue the company activities.
JBR has advised Boskalis through the entire process; from the initial valuation, through the transaction process and negotiations until the closing in February 2015.
The result has been a successful sale of De Jong en Zoon Beheer BV to Foreman Capital and the management of De Jong.