DUTCH STAR COMPANIES ONE NV

DUTCH STAR COMPANIES ONE NV lists on Euronext

Dutch Star Companies NV

Dutch Star Companies ONE (ticker symbol : DSC1), a Special Purpose Acquisition Company (SPAC) that aims to acquire minority interest in a mid-sized non-listed Dutch company lists on Euronext Amsterdam. 

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Dutch Star Companies ONE
Listing of Dutch Star Companies ONE on Euronext 

"Dutch Star Companies ONE provides an opportunity for investors to participate in a company they would otherwise have no access to."

 

DUTCH STAR COMPANIES ONE NV

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Identification

DSC1
Name: DUTCH STAR COMPANIES ONE NV
Market: Euronext Amsterdam
Capitalization compartment: Compartment C
Subsector: Nonequity Investment Instruments
Isin code: NL0012747059
Symbol: DSC1

Operation

IPO Date: 22/02/2018
Issue type: Initial Public offering
Operation description:

The Company is offering Units, consisting of:

  • ordinary shares,
  • stock warrants.

A maximum of 2,500,000 Units are offered, each
consisting of 2 ordinary shares and 2 stock warrants

IPO Price: EUR 20.00 per Unit

Company Profile

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News

Date Title
22 Feb 2018 Dutch Star Companies ONE Celebrates IPO on Euronext expand

Amsterdam – 22 February 2018 – Dutch Star Companies ONE N.V.[1], a special purpose acquisition vehicle, began trading today on Euronext Amsterdam. 

At opening, based on a reference price of € 10.00 per share, the total market capitalisation of Dutch Star Companies ONE (ticker symbol Ordinary Share: DCS1, ticker symbol Warrant: DSC1W) was approximately € 55.36 million.

DSCO is a special purpose acquisition company (SPAC), incorporated for the purpose of acquiring a significant minority stake in a business with principal business operations in Europe, preferably in the Netherlands. The Company is powered by Oaklins, based on its successful launch of three Italian SPAC’s, by Oaklins Italy. The company is led by established Dutch seasoned executives as promoters; Niek Hoek, Stephan Nanninga and Gerbrand ter Brugge, the latter on behalf of Oaklins Netherlands.

Once a concrete target business has been identified, the Company will enter into negotiations with the target business’ current owners for the purpose of agreeing transaction documentation appropriate for the potential Business Combination. Following completion of the Business Combination, it is anticipated that the holder of Ordinary Shares in the Company become shareholders in the target business directly.

Niek Hoek, Promoter and Executive DSCO, said: We are very happy to celebrate the IPO of Dutch Star Companies ONE today at Euronext Amsterdam. It’s the start of an exciting journey.

Stephan Nanninga, Promoter and Executive DSCO, said: Looking forward, our ambition is to realise a Business Combination within two years. The target company can benefit from both the knowledge and experience of the Promoters and the equity DSCO brings to the Business Combination.

Gerbrand ter Brugge, Promoter and Non-Executive DSCO, said: The Netherlands has a large number of qualified well managed companies, and we are convinced that Dutch Star Companies ONE offers an attractive alternative way to go public.”

DSCO celebrated their IPO by the sounding the gong, which denotes the opening of trading of the Company on Euronext Amsterdam.


[1] The offering will consist of 2,500,000 to 5,000,000 units each consisting of two ordinary shares and two warrants, at a price per unit of €20.00 representing a total value of the offering of 50 to 100 million euro. The ordinary shares and one warrant shall be issued on the settlement date, 26 February 2018, and the other warrant shortly after completion of the Business Combination.

About Dutch Star Companies ONE
Dutch Star Companies ONE N.V. is a special purpose acquisition company (“SPAC”) for the purpose of acquiring a significant minority stake in a business with principal business operations in Europe, preferably in the Netherlands. Details of the SPAC and the offering are described in the Prospectus dated 9 February 2018. Listing (IPO) of Dutch Star Companies ONE on Euronext Amsterdam is scheduled for 22 February 2018. Dutch Star Companies ONE is powered by Oaklins based on its successful launch of three Italian SPAC’s. Dutch Star Companies ONE is led by established Dutch businessmen as promoters. 99% the of equity raised in the IPO will be deposited in an escrow account until 70% of the shareholders meeting of Dutch Star Companies ONE has approved the investment in a business combination (the target company), thereafter Dutch Star Companies ONE will seek to fully consolidate with the target company and the SPAC will continue the business activities under the name of the target company (at which point the SPAC-shareholders will still hold listed shares). Dutch Star Companies ONE aligns returns for investors, promotors and the target company’s shareholders aiming for a win-win-win. If a Business Combination is not proposed within 24 months after the IPO, invested funds deposited in the escrow account will be returned to shareholders. A decision to invest should be solely based on the Prospectus.

22 Feb 2018 IPO Dutch Star Companies ONE expand

Euronext Amsterdam welcomes Dutch Star Companies ONE

Euronext Amsterdam welcomes Dutch Star Companies ONE. Dutch Star Companies ONE N.V. (ticker symbol: DSC1) starts trading as the first special purpose acquisition company (“SPAC”) currently listed on Euronext Amsterdam. Stephan Nanninga Executive Director and promotor of Dutch Star Companies ONE sounds the gong accompanied by a.o. Niek Hoek, Executive Director and promotor and Gerbrand ter Brugge, Non-Executive Director and promotor of Dutch Star Companies ONE.

The purpose of Dutch Star Companies ONE is to acquire a significant minority stake in a business with principal operations in Europe, preferably in the Netherlands. Dutch Star Companies ONE shall seek a business combination with the following characteristics:  A family business, carve-out or private equity exit with an EBITDA between 25 to 75 million euro, strong competitive position within its industry and an experienced management team that financially performed well in recent years and active in the industrial, agriculture or maritime sector, or involved in wholesale, logistics or “smart” production.

Dutch Star Companies ONE is powered by Oaklins based on its successful launch of three Italian SPAC’s. 99% of the equity raised in the IPO will be deposited in an escrow account until 70% of the shareholders meeting of Dutch Star Companies ONE has approved the investment in a business combination.

For more information: www.dutchstarcompanies.com

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