To close by early 2022

Goldman Sachs Acquires Dutch Asset Manager NN IP for 1.7 Billion Euros

Date:

Azhar J Amsterdam
Azhar J. Azhar J

Author: Meritxell Sedo

  1. The final figure could rise to €1.7 billion, as it will also include a ticking fee and excess capital of 50 million euros to be distributed in the form of a dividend
  2. The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory and other approvals and conditions
  3. GSAM will enter into a long-term strategic partnership agreement with NN Group to manage an approximately $190 billion portfolio of assets
  4. The Netherlands will become a significant location in GSAM's European business and NN IP will have a broader platform to accelerate its growth