MEL KROON – FORMER CEO OF TENNET – JOINS THE MOBILITY & NEW ENERGY TEAM AT IMPROVED CORPORATE FINANCE
Mel Kroon – former CEO of TenneT – joins the Mobility & New Energy Team at IMPROVED Corporate Finance / Drake Star Partners Amsterdam
Starting October 1st, 2018, Mel Kroon will join IMPROVED Corporate Finance / Drake Star Partners as Associate Partner and provide the Mobility & New Energies Team with unrivalled experience obtained during his 16-year tenure as CEO of TenneT.
With Mel as CEO, TenneT has shown growth in all aspects; from a balance sheet total of EUR 1bn to EUR 22bn and from 270 employees to 4000. During these 16 years, the company made 45 acquisitions and realized an IRR of 13.8%.
Mel Kroon is on the supervisory boards of a public technology company, an energy related company, and a healthcare company.
His extensive knowledge and expertise will contribute to relevant engagements and help IMPROVED / Drake Star Amsterdam to reach optimal success for its clients.
The team in Amsterdam, already consisting of more than 20 full-time professionals, of which 10 dedicated to working on (inter)national deals in Mobility & New Energies / Energy Transition, will receive an additional quality boost providing every client with the required confidence in the successful completion of his/her project.
A selection of successfully completed engagements in this segment: The sale of NewMotion to Shell & the sale of Allego – subsidiary of Alliander – to Meridiam.
Growth financing from EUR 15mn and sell-side mandates up to EUR 400mn are most common as of today. However, with Mel on board larger and more complex deals will be accepted that would, prior to his appointment, have been denied avoiding a potential overpromise.
For more information, you can contact Mel directly or reach out to Frank Verbeek (Managing Partner) at email@example.com