Leading Associates

Firms To Watch: Private equity

Private equity in Belgium

CMS

Led by Vincent Dirckx, the CMS private equity team advises a range of domestic and international sponsors on PE acquisitions, investments and fund formations.

Principaux dossiers


PwC Legal

PwC Legal handles the full spectrum of private equity transactional and advisory work, including advising on acquisitions, strategic investments and fund formation. The team is spearheaded by Harold Vanden Berghe, who combines M&A and tax expertise.

Principaux dossiers


A&O Shearman

A&O Shearman assists clients across a range of complex high-value and cross-jurisdictional M&A transactions, acting for a wealth of notable international private equity funds. Practice head Wouter Van de Voorde possesses significant experience in handling intricate cross-border transactions, bringing deep sectoral expertise across an array of industries, including technology, healthcare and food & beverages. Dirk Meeus is a further key contact for complex transaction structuring matters, including voluntary takeover bids. Frederiek Adams boasts a strong track-record in assisting high-profile PE funds in big-ticket M&A transactions. Hans Kets is particularly active within the telecoms industry.

Responsables de la pratique:

Wouter Van de Voorde


Autres avocats clés:

Dirk Meeus; Frederiek Adams; Hans Kets


Les références

‘A&O Shearman stands out for its professionalism, accessibility, and strong global network. The team combines deep industry knowledge with commercial insight, delivering high-quality, practical advice across jurisdictions.’

‘Frederiek Adams stands out for his deep understanding of both the legal and commercial aspects of transactions, which helps drive deals forward efficiently. He is well-informed, solution-oriented, and maintains a calm, practical approach even in complex situations.’

‘They have the best and most experienced professionals within the Belgian market covering all relevant areas needed for private equity transactions.’

Principaux dossiers


Baker McKenzie BV/SRL

Baker McKenzie BV/SRL is well-equipped to advise on complex cross-border big-ticket M&A transactions, acting for a range of PE and VC funds, particularly within the life sciences sector. The firm has particular expertise in advising an array of international private equity clients on the structuring of funds. Practice head Roel Meers is well-regarded for his expertise in complex M&A as well as equity capital markets deals, including securities offerings and listings. Luc Meeus is relied upon for his expertise in complex fund structuring mandates. Koen Vanhaerents is a longstanding expert in the private equity space. Kristoff Cox supports the team.

Responsables de la pratique:

Roel Meers


Autres avocats clés:

Luc Meeus; Koen Vanhaerents; Kristoff Cox


Les références

‘Hands-on approach, prompt advice.’

‘Luc Meeus is a nice person, understands the business, is practical and hands-on.’

‘Exceptional quality of advice, out of the box, reactive, professional. They have your back in any negotiation’

Principaux clients

Astanor


AgomAb Therapeutics


Apheon


Astorg


Belgian Growth Fund II


Capricorn


CVC Capital


Damier


FPIM-SFPI


GIMV


IMEC


Imec Xpand II


Innovation Industries


Kebek


Korys Investments


MRM Health


Newton Biocapital


Participatiemaatschappij Vlaanderen / PMV


ReMYND


Revive


Smile Sail


Straco


TA Associates


The Akkermansia Company


Welvaartsfonds


Principaux dossiers


  • Advised MRM Health on its €71m Series B financing round, with participation from new investors Biocodex and Athos, as well as existing investors.
  • AgomAb Therapeutics on its $89m Series D financing round, with participation from new investors Sanofi and Invus, as well as existing investors.
  • Advised Septentrio and its shareholders on the sale of Septentrio to Hexagon Solutions AB.

Linklaters

Linklaters covers the full gamut of private equity-related mandates, from fund set-up and structuring to management equity plans, exits, and public M&A. The team has considerable transactional expertise both domestically and internationally, and regularly advises on complex, cross-border large-cap M&A deals. Practice head Arnaud Coibion is highly sought-after for his transactional expertise within regulated sectors, including energy and infrastructure. An-Sofie Van Hootegem has notable experience in structuring management equity packages. Evita Bassot is a key contact among funds and sponsors on high-value transactions. Nils Vermeulen and Andreas Depoortere support the team.

Responsables de la pratique:

Arnaud Coibion


Autres avocats clés:

An-Sofie Van Hootegem; Evita Bassot; Nils Vermeulen; Andreas Depoortere


Les références

‘This firm stands out for its deep understanding of our business and industry, consistently providing advice that is both practical and relevant. Clients can expect knowledgeable guidance and a genuinely collaborative experience.’

‘An-Sofie Van Hootegem stands out for her deep knowledge of both our industry and the details of our file. She excels at translating complex legal issues into accessible, actionable guidance, and her solution-driven mindset ensures we always feel supported and empowered to make informed decisions.

‘The team’s collaborative approach and commitment to client needs make them different from competitors; every interaction reflects their expertise and genuine care for achieving the best possible outcomes for their clients.’

Principaux clients

Hg capital


Carlyle


Ardian


Nayarit Participations


Waterland Private Equity


Cobepa


I Square Capital


Sofina


GBL


Verlinvest


PMV


SEPIM


Strada Partners


GIMV


Tasco NV


Invest Europe


Rivean Capital


Principaux dossiers


  • Advised Hg Capital with the sale of Genesis 8 fund’s 20% stake in team.blue to the Canada Pension Plan Investment Board, valuing team.blue at around €4.8 billion.
  • Advised Waterland Private Equity in acquiring a majority stake in X²O.
  • Advised Gimv on its acquisition of The Spice Factory Group.

ARGO Law

ARGO Law advises an array of private equity and venture capital funds through a range of transactional matters, from fund structuring work to early-stage funding mandates. Practice co-head Freya Jorens is particularly well-versed in fund formation and post-incorporation matters, including regulatory issues. Fellow co-lead Philippe Rens specialises in handling the tax structuring of large-scale M&A transactions. Other key contacts include private equity transaction and fund structuring expert Kris Verdoodt, and Bert Van Ingelghem, who boasts a deep track-record in the acquisition of portfolio companies.

Responsables de la pratique:

Philippe Rens; Freya Jorens


Autres avocats clés:

Krist Verddodt; Bert Van Ingelghem


Les références

‘The gold standard for excellence in fund structuring services.’

‘Philippe Rens and Freya Jorens, the department’s key professionals, have established themselves as the preeminent experts in this specialised field through their unparalleled technical expertise and comprehensive understanding of the Belgian fund landscape.’

‘Their deep knowledge encompasses the full spectrum of fund structuring complexities, from regulatory compliance to innovative structuring solutions, positioning them at the forefront of the industry.’

Principaux clients

Waterland Private Equity Investments


Think2Act


Sofindev


Fortino Capital


Rivean Capital


Worxinvest


Down2Earth Partners


Winwinner Debt Fund


Vectis Private Equity


NPM Capital


Hummingbird Ventures


Bencis Capital Partners


Gimv


Strada Partners


Entourage Capital


Smile Invest


Fin.co


Integra Partners


Maxus Capital


Agri Investment Fund


Astorg


Principaux dossiers


  • Advised Altebra and its majority shareholder Sofindev within the framework of the merger of Altebra of Belgium and Slovakian-based Pyronova.
  • Assisted Waterland on the acquisition of a majority stake in the Umami Group as well as on the reinvestment of the selling shareholders.
  • Assisted Nobi with its Series B Investment round.

Clifford Chance

Clifford Chance demonstrates considerable experience acting for private equity firms, sell-side management teams and VC-backed startups, particularly within the tech sector. The team is headed by Niek De Pauw, who is sought-after by a host of international private equity funds, sovereign wealth funds and listed companies for his expertise in buy- and sell-side acquisitions as well as public takeover bids. Other notable names in the team include Xavier Remy and Patrice Viaene, who are particularly active within the energy and infrastructure sectors, as well as Alexandre Ooms, who brings significant tax litigation expertise.

Responsables de la pratique:

Niek De Pauw


Autres avocats clés:

Xavier Remy; Patrice Viaene; Alexander Ooms


Principaux clients

Publi-T


EQT Infrastructure


What’s Cooking


Eurofiber


PSA Group


Mubadala Investment Company PJSC


SFPIM


Aïkido Security


Asterion Industrial Partners


Amavi Capital


Kingspan


Ekopak


Corialis


Antin Infrastructure Partners and Eurofiber


BNP Paribas Fortis


Baltisse


LNC Capital Partners


Blackfin Capital Partners


CVC Capital Partners


Principaux dossiers


  • Advised EQT on the sale of 20 million shares in Azelis Group NV with BNPP, Goldman Sachs and JP Morgan acting as managers, for aggregate gross proceeds of c. €366m.
  • Advised Mubadala Investment Company on its investment in Belgian Unicorn Odoo.
  • Advised CVC Capital Partners on their €70m investment into the Itineris group.

DLA Piper

DLA Piper advises international private equity and venture capital funds on fund formation, investment structuring, transactions and management issues. The team is co-headed by Pierre Berger, who possesses considerable expertise in corporate transactional mandates, as well as financial services regulatory issues. Berger is particularly active in the fintech space, with a cryptocurrency and blockchain focus. Fellow co-lead Michael Heene is regularly instructed by a host of private equity funds for his expertise throughout each stage of the buy and build cycle.

Responsables de la pratique:

Pierre Berger; Michael Heene


Principaux clients

Apheon


EMK


FPIM


Grinta


Ponsardin Capital


777 Partners


Bregal Milestone


Carlyle


Castik


Eagle Football Holdings


Fortino Capital Venture


Horizon Equity Partners


IceLake Capital


Marklaan Advisory – Strada Partners


Miraclon


Newport Buyout


NPM Capital


PMV


Tioga Capital Partners sLP


Torqx Capital Partners


Waterland


Principaux dossiers


  • Advising Armen on minority investment in Vendis Capital.
  • Advising Brokers in Excellence on strategic insurance sector consolidation, acting as lead counsel on six strategic acquisitions.
  • Advising EyeCare Group on Belgian buy-and-build expansion strategy, having completed seven acquisitions.

Loyens & Loeff

Loyens & Loeff ‘s private equity practice is well-equipped to handle complex cross-border private equity transactions, advising a combination of domestic and international private equity and venture capital funds on acquisitions, demergers, and fund formations. The practice is led by Thomas Lenné who possesses deep experience in handling big-ticket cross-jurisdiction mandates, with particularly notable sectoral experience in technology, energy & infrastructure and life sciences. Additionally, Robrecht Coppens advises international financial sponsors on both complex transactional matters, with added expertise in tax structures.

Responsables de la pratique:

Thomas Lenné


Autres avocats clés:

Robrecht Coppens; Mélanie Schollaert; Mathias Hendrickx


Les références

‘Loyens & Loeff stands out as a truly unique practice because of its ability to combine deep technical expertise with a pragmatic and solution-oriented approach.’

‘What makes the team exceptional is not only the high level of professionalism and availability, but also their clear, objective guidance—always outlining what is acceptable and what is not, so that decisions can be made with confidence and full knowledge of the implications.’

‘Consistently responsive, concise, and to the point, without ever losing sight of the bigger picture. Their advice is always tailored to the specific circumstances, balancing legal precision with practical business realities.’

Principaux clients

ParticipatieMaatschappij Vlaanderen


Summit Partners


Vitruvian Partners


Eurazeo


Bregal


Main Capital Partners


Falcon Point Capital


L Cattertron


EQT


Permira


General Atlantic


Strategic Value Partners


Pioneer Point Partners


Astanor Ventures


Smartfin Capital


Notion Capital


Principaux dossiers


  • Advised ParticipatieMaatschappij Vlaanderen NV on its acquisition of a 52% stake in Brussels Airport Investments SA, indirectly securing a 39% interest in Brussels Airport Company.
  • Advised Summit Partners on the €500m partial exit of its stake in Odoo SA to a consortium led by CapitalG and Sequoia Capital.
  • Advised Vitruvian Partners and its portfolio company Easypark (now rebranded as Arrive) on its €175m acquisition of Be-Mobile NV from Proximus, including a simultaneous demerger and share swap.

Stibbe

Stibbe advises private equity and venture capital funds across a range of mandates, including fund structuring, acquisitions and management incentive packages. The team is well-versed in handling complex high-value LBOs, MBOs, secondary deals and continuation fund structuring across a wide array of sectors, most notably energy & infrastructure, life sciences and technology. Practice head Stefan Odeurs demonstrates considerable experience in leveraged transactions, divestments and secondary buy-outs. Dries Hommez is relied upon by institutional investors and has expertise in handling public and private M&A.

Responsables de la pratique:

Stefan Odeurs


Autres avocats clés:

Dries Hommez


Les références

‘Great team, solution and deal-oriented.’

‘Dries Hommez is an excellent lawyer with a rare ability to understand the most complex financial and economic aspects of deals and incentive packages.’

Principaux dossiers


  • Advised Palex Medical on the acquisition of Duomed, a fast-growing Belgian-based MedTech distributor.
  • Advised PSG Equity on the acquisition of a stake in the Corilus group.
  • Assisted KKR on the acquisition of an undisclosed stake in Lighthouse.

White & Case LLP

White & Case LLP advises notable private equity clients on complex large-scale cross-border M&A transactions. Practice co-head Thierry Bosly acts for a roster of global private capital sponsors and venture capital funds and is highly-regarded for his ability to lead on complex cross-border transactions. Fellow co-head Carlo Meert is notable for his transactional proficiency and deep knowledge of corporate governance matters. Nick Hallemeesch has a strong track-record in assisting with management incentive plans, as well as post-acquisition disputes. Philippe Hendrickx left the firm.

Responsables de la pratique:

Thierry Bosly


Autres avocats clés:

Carlo Meert; Nick Hallemeesch


Les références

‘Outstanding commercial acumen and « to the point » advice in complex settings with difficult stakeholder management.’

‘Carlo Meert and Nick Hallemeesch truly stand out in their ability to support clients not just by laying out facts but how to navigate on this basis.’

Principaux dossiers


ALTIUS

ALTIUS has a proven track-record in acting for domestic and international private equity, venture capital and real estate funds on transactions across the technology, life sciences, healthcare and food sectors. Practice co-head Tom Vantroyen is a seasoned M&A lawyer, advising on acquisitions, restructurings, exits and joint ventures. Fellow co-lead Marie Brasseur has experience handling both domestic and international transactional mandates, with particular expertise in the renewable energy sector.

Responsables de la pratique:

Tom Vantroyen; Marie Brasseur


Les références

‘Very detailed lawyers.’

‘Tom Vantroyen: very modest attorney, but will stand up and discuss on real important matters.’

Principaux clients

Access Capital Partners


Alfeor


Aurelius


Aurelius Equity


Bloc Ventures


BPI Investissement


Bridgepoint Capital


CM-CIC


CVC Capital Partners


Deutsche Invest Capital and Deutsche Invest Mittelstand


Exor


Indufin Capital Partners


Indufin Investment Fund


LBO France


Newfund


Omnes Capital


Otium


Platinum Equity


Starwood Capital


Tikehaut Investment


Valiance Advisors LLP


Vertica Capital Partners


Principaux dossiers


  • Advised Indufin Investment Fund in relation to its strategic investment in ACE Packaging.
  • Advised the Moyson family on the sale of Moyson Invest and CTC Moyson Airport Equipment to CVC/DIF.
  • Advised CVC Capital Partners on several aspects of its regulatory obligations as an AIFMD in Belgium.

Cresco Advocaten

Cresco Advocaten acts for PE funds and start-ups across a range of by- and sell-side transactions as well as corporate governance and venture capital matters. The team is led by David Dessers, who possesses a wealth of transactional experience, particularly with regard to venture capital financing and acquisitions in the tech sector. Glenn L’hoëst possesses experience assisting on funding rounds and transactions for technology and infrastructure clients. Olivier Van Raemdonck combines transactional experience with intellectual property expertise.

Responsables de la pratique:

David Dessers


Autres avocats clés:

Glenn L’hoëst; Olivier Van Raemdonck


Les références

‘They are very experienced in setting up deep-tech VC funds and structuring deep-tech direct VC deals.’

‘Their cooperation was exceptional. They are fast and smart and immediately understand what you need. Agile and to the point. ’

‘An excellent team with extensive experience in launching first-time funds, adept at establishing the foundational structures and operational mechanics necessary for long-term success.’

Principaux clients

imec.xpand II


Dovesco


SmartFin Capital – SmartFin Ventures


Impact Shakers Ventures


Partech Ventures


imec.istart future fund


Air Liquide Venture Capital


Novalis Ventures


M80 Capital


Xange Ventures


Airbus Ventures


Hymont Capital


Pitchdrive Fund IIIs


Angelwise


Innovation Industries


KBC Focus Fund


Headline


KBC Group


Credix


Techwolf


PMV


Welvaartsfonds


Main Capital


Birdhouse Ventures


Apheon


Biotope Ventures I and II


Volta Ventures II


Principaux dossiers


  • Assisted Accountable with its strategic sale to HG Capital backed Visma.
  • Assisted Smartfin Capital in its €250m fund formation and multiple investments.
  • Assisted Main Capital and M80 Capital in various platform and add-on acquisitions.

Eubelius

Eubelius assists notable private equity clients through buy-outs, funding rounds, complex carve-outs as well as exits. Philippe Mulliez is an expert in private equity transactions within the Flemish market. Felix Dobbelaere advises a portfolio of private equity funds on transactions, joint ventures and internal reorganisations. Filip Jenné brings a specialisation in real estate transactions. Life sciences sector specialist Erwin Destuyver and longstanding private equity expert Matthias Wauters are further key contacts.

Responsables de la pratique:

Matthias Wauters; Philippe Mulliez; Erwin Destuyver; Filip Jenné; Felix Dobbelaere


Les références

‘Very professional and knowledgeable team, always reachable, always timely, and quality work.’

‘Approachable, do not linger or make the process go slower, the opposite. Overall, great people to work with.’

‘Eubelius’ private equity practice is positioned to handle the most complex fund structures and transaction frameworks.’

Principaux clients

BNP Paribas Fortis Private Equity


Credit Mutuel Equity


Dovesco


Robur Capital


EQT Life Sciences


Sun Capital Partners


European Innovation Council Fund


I4B – The Belgian Infrastructure Fund


Participatiemaatschappij Vlaanderen


Federale Participatie- en Investeringsmaatschappij


Duomed


PE Group


Peruna


CubeCold Europe


Biotope B.V.


Principaux dossiers


  • Assistance to Sun Capital Partners and management on the sale of the Sports and Leisure Group and to TenCate.
  • Assisting EQT Life Sciences in connection with the successful Series A round in ATB Therapeutics.
  • Assistance to the shareholders of CBS Beton in connection with the sale to and reinvestment in private equity firm Gilde Equity Management.

Lydian

Lydian has a strong track record advising an array of Belgian and global private equity funds on matters ranging from deal structuring, governance arrangements and post-transaction reorganisations. Peter De Ryck is active across a range of sectors including food and beverages, transport and energy. Maxime Colle provides expertise in public M&A, venture capital transactions and corporate governance matters, and is particularly active within the technology and life sciences sectors. Florence Colpaert specialises in transactional and advisory work within the insurance sector. The three co-lead the team.

Responsables de la pratique:

Peter De Ryck; Maxime Colle; Florence Colpaert


Les références

‘Lydian’s private equity team combines strong technical expertise with a clear, business-minded approach.’

‘Their advice is practical and to the point, which is particularly valuable in cross-border transactions.’

‘Coordination across the team was seamless, and they maintained consistency and clarity throughout.’

Principaux clients

Naxicap Partners


House of HR


Visma


White Bridge Investments


Andera Partners


Tikehau Ace Capital


Carl Zeiss Ventures


La Financière Patrimoniale d’Investissement


European Dental Group


Northleaf Capital Partners


Waterland Private Equity


Hartree Partners


Alantra


IU Group – formerly Career Partner Group


Topp Holdings GmbH


Zurich Global Ventures


StoneCalibre


Groupe Astek


Dense Air Limited


DWK Life Sciences GmbH


SteelCase Inc.


Level Equity Growth Partners


Bundesrepublik Deutschland – Finanzagentur GmbH


Ufenau Capital Partners


Bencis Capital Partners


TINC NV


Bloom Equity Partners


Trill Impact Ventures


Eli Lilly & Company


EuroParcs Belgium Holding BV


Mindspring Padel BV


Aurelius


Quist Holding BV


Cheqroom NV


Accent Jobs For People NV


Banyan


Speakap Holding B.V.


7R Group GmbH


Altares Dun & Bradstreet


Ecclesia


Polymer Additives Holdings Inc.


EverCurious VC


Pockit Limited


Snowcentres Limited


Windrose Holdings Limited NV


Compagnie Transnationale d’Investissement Holding


Avon Capital Pte Ltd


Calibre Scientific Belgium NV


Orthan & Cauchy BV


Principaux dossiers


  • Assisted Naxicap Partners with the acquisition of the APF Autoparts Group.
  • Assisted Vizma in the acquisition of Bizzcontrol BV from its founding shareholders and investors (a.o. Belfius) and the acquisition of 100% of the securities of CXM Holding NV from its shareholders Fortino Capital and Sofidev.
  • Assisted Altares Dun & Bradstreet in its acquisition of Companyweb BV (and its holding company Info Invest NV).

Quinz

Quinz is particularly active within the life sciences, technology and industrial sectors. The practice is well-equipped to advise buy-side PE and VC funds on a range of transactional, regulatory and contentious matters. Bart Lintermans demonstrates notable expertise in real estate transactions, while Klaas Thibaut focuses on the sports and life sciences sectors. The team has been further bolstered by the arrival of Willem Witters from Stibbe in September 2024, bringing expertise in public M&A and equity capital markets. The three co-lead the team.

Responsables de la pratique:

Bart Lintermans; Klaas Thibaut; Willem Witters


Les références

‘Efficient, to-the-point, quick response.’

‘Pragmatic and useful advice that brings solutions.’

‘Very hands on, knows our firm’s practice after one transaction and very responsive.’

Principaux clients

BNP Paribas Fortis Private Equity Belgium


Only Creative Entrepreneurs


Ackermans & van Haaren


Gimv


Cim Capital


Driehaus Capital Management


Worxinvest


EyeCare Group


Normec


Ampersand Capital Partners


Principaux dossiers


  • Advised BNP Paribas Fortis Private Equity Belgium on its exit from Gouden Carolus brewery (Het Anker) and on a strategic investment in Anima Research.
  • Advised Ackermans & van Haaren and Driehaus Capital Management on their €60m Series B investment in Confo Therapeutics.
  • Advised EyeCare Group, backed by EMK Capital, on the acquisition of Vision Over Sight.

Strelia

Regularly instructed on complex regulated sector deals, Strelia acts for a full range of sector stakeholders, including domestic and foreign PE and VC funds, angel investors, as well as sell-side target companies and management. Heading the team is Gisèle Rosselle, an expert in tech sector acquisitions and exits. The ‘excellent, pragmatic; Katrien Vorlat provides expertise in advising management groups. Laurent Verhavert stands out on life sciences sector deals.

Responsables de la pratique:

Gisèle Rosselle


Autres avocats clés:

Katrien Vorlat; Laurent Verhavert


Les références

‘The team at Strelia has always provided us with excellent support – commercial, proactive and responsive.’

‘Katrien Vorlat is an excellent, pragmatic and user-friendly lawyer. Everything you would want in local legal support.’

Principaux clients

Elkedonia


CCSFR


Diversis capital


Quaero capital


Cognivia


AYA


Sandton Capital


Rubis Group


Arcadea Group


Dematra Waterland


Swarovski Group


Foreman Capital


Chemtech Group


Société générale


AbéNex


Newton Biocapital


Vesalius Biocapital


Quilvest Capital Partners


Dawn Capital


Crane Capital


Arlington Capital Partners


BC Partners


Flamingo Therapeutics


Novadip Biosciences


Neuvasq Biotechnologies


Epics Therapeutics


Soil Capital


Ambienta


Aboleris Pharma


New Mountain Capital


Principaux dossiers


  • Assisted Ocean Peak Capital in an investment in Moret Industries.
  • Assisted VC Verint in its acquisition of Intelligent Voice Limited group.
  • Assisted energy management company Aya Energy in the negotiation and structuring of an equity financing round with Wallonie Entreprendre, Nomainvest, and Bewatt.

Ace Law

Ace Law acts for notable PE and VC funds on matters concerning the full corporate and fund lifecycle, demonstrating particular proficiency on fund structuring mandates. The team, led by Didier Roemers and Wouter Verhelst, handles both transactional and regulatory advisory work, with experience supporting funds through full buy-and-build cycles. Christophe De Backere supports the team.

Responsables de la pratique:

Didier Roemers; Wouter Verhelst


Autres avocats clés:

Christophe De Backere


Les références

‘The practice combines deep technical expertise with a pragmatic, client-focused approach. The team is responsive, commercially minded, and highly effective in cross-border matters, which sets them apart from peers.’

‘The individuals we work with stand out for their responsiveness, clarity of advice, and genuine commitment to client service.’

‘They combine technical excellence with a practical, solution-oriented mindset, which distinguishes them from competitors.’

Principaux clients

IceLake Capital


Cheops Technology


Lighthouse Intelligence


Tilleghem


Down2Earth Capital


Alistar (formerly known as ESC)


IPCOM


Jeco Energies


Chequers Capital


GIMV


Capital A Partners


VD Pro Group


Esprit ICT


Elan Languages


Principaux dossiers


  • Advised Dutch investor IceLake Capital on its first investment in Belgium, acquiring a majority stake in the Studibo Group, and supported its subsequent buy-and-build strategy.
  • Advised Jef Van den Brande and Jeco Energies on the strategic investment by NPM Capital, which acquired a significant minority stake in Jeco Energies.
  • Advised Cheops Technology in two strategic acquisitions of IT service providers, being Drive IT and Nimble.

Cambrian

Cambrian acts for both venture capital and angel investors, as well as sell-side tech start-ups and scale-ups on complex transactions. Pieter Capiau has experience advising both EU and US-based venture capital funds on a range of transactional mandates including M&A, divestitures and management equity plans. Wim Van Berendoncks is experienced in venture capital fund formation, while Yannick Verrycke possesses a particular focus on technology sector deals. The three co-lead the team.

Responsables de la pratique:

Pieter Capiau; Wim Van Berendoncks; Yannick Verrycke


Autres avocats clés:

Sammy Perel


Les références

‘Both strategic and pragmatic in its approach.’

‘Pieter Capiau is an outstanding lawyer.’

‘Very solid expertise in VC and PE especially in fundraising and M&A.’

Principaux clients

Hummingbird Ventures


Prime Ventures


Peak Capital


Senovo


Pitchdrive


SmartFin Capital


Sweetwood Ventures


Think2Act


TheClubdealFund


Rio Fund


Shift Invest


Force over Mass


Inventures


FPIM


LRM


Arkane


Storychief


Loop Earplugs


Pluginvest


Vaultspeed


Principaux dossiers


  • Advised Nodalview on its growth strategy through strategic acquisitions.
  • Advised Hummingbird on a range of high-impact equity and equity-linked transactions involving its Belgium-based portfolio companies.
  • Acting as legal counsel to Entourage, an emerging venture studio and early-stage fund.

Deloitte Legal

Deloitte Legal‘s private equity practice is particularly adept at handling early-stage investments and exit transactions, acting for a roster of PE and VC clients. The team is co-led by David Roelens, Christoph Michiels, and Marc Van tieghem. Roelens is experienced acting for clients across the real estate, energy, telecoms, and finance sectors; Michiels is regularly entrusted by start-ups, scale-ups, and VC and PE funds; and Van tieghem focuses on transactions in the energy and infrastructure sectors.

Responsables de la pratique:

David Roelens; Christoph Michiels; Marc van tieghem


Les références

‘The Deloitte practice is unique because of their client orientation. Having a single point of contact who brings in additional experts where needed is making a very impactful difference for us as a client.’

‘Each individual we worked with has shown massive expertise, willingness to go the extra mile, total flexibility in emergency situations, personal accountability, and a positive, collaborative work ethic.’

‘Full legal service covering all dimensions of legal advice.’

Principaux clients

PMV


Baltisse


Waterland


Saffelberg


D’Ieteren


Chequers Capital


Aurelius


Kebek Private Equity


Essers family office


Heylen Group


Cobepa


Korys Investments


M80 Partners


De Eik NV


Forbion


Imec.Xpand Comm.V.


Jeito


Inkef Capital


Welvaartsfonds


ECBF


Capricorn Health Fund


QBIC fund


White Fund


Participatiemaatschappij Vlaanderen


Korys Investments


Vbio-Ventures


Accelleran NV


Agomab Therapeutics NV


Amber Technologies


Ampacimon NV


Amphistar BV


Arkite NV


Aphea NV


Apitope International NV


Arcsec NV


Astracite BV


Augustine Therapeutics NV


Bioqube Ventures NV


Blue Foot Membranes


Bubbly-Doo BV


Beeple NV


Complix NV


Constell8 NV


Deuteroncology NV


Dualyx NV


Epigan NV


eTheRNA Immunotherapies NV


FOx Biosystems NV


Friedewald Confectionary NV


Inbiose NV


Indigo Diabetes NV


Intigriti NV


Jay Technologies


Leuven Air Bearings NV


Micledi Microdisplays BV


Minoryx Therapeutics BE NV


MRM Technologies NV


MRM Health NV


Ontoforce NV


Ovizio Imaging Systems NV


Phiome BV


Primmune


Prodigest BV


Protealis NV


Qubeco Biologics BV


Qustomdot BV


Rainbow Crops BV


Rewind Therapeutics NV


S-biomedic NV


Sensolus NV


Sentea NV


Skilpod BV


Softhale NV


Solithor BV


Spica Therapeutics NV


Swave BV


Tanai Therapeutics NV


Temmune Therapeutics NV


Trim Therapeutics NV


Trince BV


Unifly NV


Vipun Medical NV


Principaux dossiers


  • Assisted in the sale of Beaulieu Technical Textiles NV by Beaulieu International Group NV to the German group RCP (SteelCo GmbH).
  • Assisted Swave as company counsel in securing its €33m Series A investment round, consisting of an initial equity round of €27m in December 2024, followed by a tail investment of €6m in June 2025.
  • Assisted Milcobel CV with the sale of Ysco to Davidson Kempner, backed by Afendis as operational partner.

Jones Day

Jones Day is well-equipped to handle complex high-value, cross-jurisdictional transactions for notable Belgian and international private equity funds. The practice is headed by M&A and capital markets expert Pierre-Olivier Mahieu, who joined from A&O Shearman and brings notable experience assisting on pharmaceutical sector transactions. Jonas Van den Bossche is a further key contact. Thomas De Muynck left the firm in November 2025.

Responsables de la pratique:

Pierre-Olivier Mahieu


Autres avocats clés:

Jonas Van den Bossche


Principaux clients

Arsenal Capital Partners


BioFirst


CellCarta Biosciences


Fortino Capital


For Talents Transmission


Hi Inov Capital


iSTAR Medical


Pandox


Partech Capital


Ring Capital


Stride.VC


The Riverside Company


Principaux dossiers


  • Advised Fortino Capital on the exit of its portfolio company Mobilexpense to Norwegian software group Visma.
  • Advised Stride.VC on the sale, together with its co-investors, of Belgian company Accountable to Norwegian software group Visma.
  • Advised iStar Medical SA on its financing round subscribed by GIMV, EQT, Earlybird Ventures,Capricorn and others.

Liedekerke

Liedekerke assists venture capital and private equity funds on transactions in sectors such as technology, energy, life sciences and pharmaceuticals. The team is headed by Damien Conem, who brings experience in multi-jurisdictional M&A transactions as well as in corporate restructuring. Wim Dedecker assists in investments and joint venture mandates, while Jacques Meunier is a further key contact for investments and acquisitions.

Responsables de la pratique:

Damien Conem


Autres avocats clés:

Wim Dedecker; Jacques Meunier; Maurits Arnauw; William Hollanders


Les références

‘Liedekerke has become our go-to partner for M&A deals.’

‘The team has been able to think proactively during due diligence processes, even when the target was active in more technical sectors.’

‘They have always acted pragmatically, which is necessary for us.’

Principaux clients

Aquila Capital


Vicartem


Siparex


IDI


Solum Partners


Eurofeu Belgium SA


Suma Capital SGEIC SA


Gimv NV


Korys Investments NV


Natra SA


Wallonie Entreprendre


Noshaq


TRANSENERGIE


MK3


Principaux dossiers


  • Advised Aquila Capital in respect of its investment in 2 new, parallel battery energy storage system projects in Ruien, alongside its JV partner Nippon Koei Energy Europe B.V.
  • Advised Vicartem on its acquisition, alongsidewith the French investor Extendam, of 100% of the shares issued by the Belgian company Atlas Hotel Brussels SRL.
  • Assisted Siparex in connection with its equity investment in WVT Group and the unitrance debt financing.

Monard law

Monard law possesses experience advising both buy-side and sell-side clients across a variety of sectors including energy, construction and retail. The team, led by Nicole Segers, boasts experience in M&A transactions as well as VC funding rounds. Maxime Monard brings a wealth of experience in advising venture capital investors and startups through their funding life cycles.

Responsables de la pratique:

Nicole Segers


Autres avocats clés:

Maxime Monard


Les références

‘In addition to providing solid legal advice, they were of great value in facilitating certain transactions through their pragmatic approach and problem-solving mindset.’

‘They are always responsive and proactive in their approach, which makes working together efficient and pleasant.’

‘The Monard team played a key role in finding common ground between the different parties. The involvement of Maxime Monard at key moments during the negotiations helped us reach a solid agreement.’

Principaux clients

Down 2 Earth Capital


Quanteus Group


Legia Capital


Glowi


LRM


Concentra


GT Invest


Sitemark


Droia Ventures


Chili Publish


E-Capital Equity Management


The Nest Family Office


LIZY Group


Vectis Private Equity


Invale


LocalGlobe


XAnge


OTB Ventures


Eneco Ventures


Molten Ventures


Felix Capital


New Vision


Hsbcad


Vansan Investments


Team Cyclis NV


TCD Capital


Invale


Rivean Capital


Atlantic Labs


Thermo Fisher


Magics Technologies


Principaux dossiers


  • Advised Byont’s founders on all legal aspects of the major equity investment in Byont by Asterion Industrial Partners.
  • Acted for the sellers of Cyclis shares to Jobrad.
  • Assisted the shareholders of Jointco NV in the sale of 100% of the shares to Tremco CPG Inc., a subsidiary of the U.S.-listed RPM International Inc.

NautaDutilh

NautaDutilh assists across the full private equity offering landscape, advising clients on LBOs and MBOs, public-to-private transactions, fund structuring and exits. The team is headed by Philippe Remels, who demonstrates extensive expertise in energy, chemicals and life sciences sector deals. Axel Maeterlinck offers deep knowhow in transactional work as well as corporate governance issues, particularly within the biotech and fintech sectors.

Responsables de la pratique:

Philippe Remels


Autres avocats clés:

Axel Maeterlinck


Les références

‘Very responsive and knowledgeable team.’

‘Philippe Remels comes with decades of expertise, which helps drive your file forward at a fast pace. ’

Principaux clients

Anima


Confo Therapeutics


Left Lane Capital LLC


Smile Sail


SPRIM Global Investments


V3 Ventures


Principaux dossiers


  • Assisted Smile Sail with the incorporation of a new investment fund raising €250m from diverse investor
  • Assisted Left Lane Capital and V3 Ventures with secondary and primary investments in Just Russel.
  • Assisted Sprim Global Investments with its Series B investment in Azalea Vision.

Simont Braun

Simont Braun's private equity practice is regularly instructed by a host of domestic and international funds, advising on LBOs, MBOs, strategic investments and fund structuring. The practice is co-led by Tom Swinnen and Steven Callens. Swinnen is notably active in the energy, retail and technology sectors, while Callens is experienced in both contentious and non-contentious matters. Thomas Gernay left the firm in January 2026.

Responsables de la pratique:

Tom Swinnen; Steven Callens


Principaux dossiers


  • Assisted the family shareholders of the Emmers Group within the framework of the deal with the private equity Akiles which acquired a minority stake.

Van Olmen & Wynant

Van Olmen & Wynant is particularly proficient in advising on private equity transactions within the technology and sustainability sectors, regularly acting for PE funds and financial institutions. Practice co-head Luc Wynant offers expertise in leveraged management buyouts, divestitures and fund formations. Fellow co-lead Koen Hoornaert specialises in M&A, corporate restructuring and governance issues. Further key contacts include Laurent Detaille and Alice Vander Stichele.

Responsables de la pratique:

Luc Wynant; Koen Hoornaert


Autres avocats clés:

Laurent Detaille; Alice Vander Stichele


Les références

‘Koen Hoornaert, Laurent Detaille and Alice Vander Stichele are highly specialised in start up and founders’ matters. In aggressive funding round discussions, they are able to catch complex mechanisms.’

‘They are kind, patient and super professional! Always there to support.’

‘They are super sharp in their comments, and they are just so knowledgeable about the game of a funding round.’

Principaux clients

ING Belgium


ING Private Equity


Crédit Mutuel


VICTRIX NV


Newion Partners


Capital-E


Paleo BV


Auditstage


JuuNoo NV


Soda Data NV


Angular Ventures


PEPITe SA


Fonds Revolution Environnementale et Solidaire S.L.P.


OISOI Studio BV


AnyKrowd NV


Warren BV


Spotable BV


BeCode SRL


Salvus Health BV


Optimus Ventures


Raito BV


Principaux dossiers


  • Assisted C for Growth in relation to the acquisition of all shares in DSA Holding BV, the ultimate holding company of De Service Apotheek.
  • Assisted Soda Data NV in relation to a Series A Second Extension Financing Round, in which FIB and SFPIM invested in Soda Data.
  • Assisted AnyKrowd NV in relation to a Series A Investment Round with Finance&Invest.Brussels as new investor.