ARTICLE
25 February 2013

Rabobank Sells Robeco To ORIX

DB
De Brauw Blackstone Westbroek N.V.

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De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.

The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.

De Brauw Blackstone Westbroek has advised Rabobank on the divestment of Robeco to ORIX, the Japanese financial services group.
Netherlands Corporate/Commercial Law

De Brauw Blackstone Westbroek has advised Rabobank on the divestment of Robeco to ORIX, the Japanese financial services group. ORIX will acquire 90.01% of the equity in Robeco from Rabobank, for EUR 1,935 million. Part of the consideration will be paid in ORIX shares. Closing of the transaction is amongst others subject to merger clearance and regulatory approvals, which are expected to be completed within six months.

Rabobank will retain a 9.99% share in Robeco. Also, ORIX and Rabobank have agreed that Robeco's banking activities, based only in the Netherlands, will be transferred to Rabobank.

Rabobank decided to sell Robeco to ORIX since this will enhance Robeco's future growth prospects. Robeco is ORIX's most significant strategic acquisition to date in this area and Robeco will become ORIX's primary platform for future growth ambitions in global asset management. Robeco will continue to service customers under its existing brand names.

Arne Grimme, M&A partner at De Brauw Blackstone Westbroek: "We are proud of having advised Rabobank on selling Robeco. Rabobank is a very important client to our firm. We focus on delivering top quality service and legal expertise to Rabobank in all high-end matters, including recent large transactions such as the acquisition of Friesland Bank and this sale of Robeco to ORIX".

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