Miami law firm Greenberg Traurig has advanced its push into Europe after securing an instruction from IT giant Getronics on its bid for Dutch competitor PinkRoccade.
Greenberg, which first opened in Amsterdam in January 2003, is advising Getronics on its €338m (£235.9m) recommended intended public offering for PinkRoccade, which will create one of the world’s largest IT and communications solutions suppliers, with 29,000 staff covering 30 countries.
The IPO is a significant instruction for Greenberg, as despite Getronics having used the firm’s Amsterdam office for smaller matters since it opened two years ago, it has traditionally favoured longstanding legal adviser Linklaters for larger transactions.
Greenberg Dutch shareholder (the equivalent of a partner) Jans Kees Brandse is leading the firm’s team advising on the deal, which is based on the offering of six shares plus €4.10 (£2.86) in cash per outstanding PinkRoccade share. Allen & Overy partners Maarten Muller and Tom Ottervanger are advising PinkRoccade.
Greenberg’s launch in Amsterdam followed the firm’s decision to abandon plans to open a City office because of the overheated London market. Within two years of opening in Amsterdam the firm has grown its Dutch team from 15 to almost 50 lawyers.
Greenberg president and chief executive officer Cesar Alvarez explained that the firm planned to use its Amsterdam and Zurich offices (which opened in tandem with Amsterdam) as a starting point for expansion into the rest of Europe.
He said the firm was considering opening four further European offices in the short term, although a launch in London was unlikely.