Unirobe Management Buy Out

Management Buy Out

Rotterdam-Utrecht, the Management Buy Out of Unirobe has been successfully completed as per January 2. Unirobe was sold by AXA Nederland to the management team, led my Mr. Joop van Berkum (CEO). The 133 million MBO was been arranged by Solveigh Corporate Development. AEGON Nederland joined the MBO team as minority shareholder.

Unirobe Groep is a holding company for 35 intermediary insurance businesses in the Netherlands amongst which are IAK Verzekeringen, Lippmann Groep, Kröller Assurantiën, Alpha Hypotheken and Hoofdstad Assurantiën. ABN AMRO provided the senior and mezzanine debt. AXA was advised by Goldmann Sachs and BNP Paribas.

Solveigh Corporate Development acted as sole advisor to the management team and has been responsible for the structuring and arranging of the 133 million euro transaction. Legal and tax structuring has been provided by Simmons & Simmons. Management has majority stake of 55% in the company.