NautaDutilh assisted Van Lanschot Kempen with the acquisition of UBS's domestic wealth management activities in the Netherlands. The transaction comprises the client relationships and employees of the wealth management activities of UBS Netherlands, a branch of UBS Europe SE, having currently Assets under Management (AuM) of around EUR 2.6 billion.
The transaction also comprises the products and services of the Netherlands branch of UBS Europe SE. Van Lanschot Kempen will pay an initial acquisition price of EUR 28 million for the activities to be acquired. Van Lanschot Kempen and UBS expect to complete the transaction in the third quarter of 2017.
The NautaDutilh team in this matter consisted of Lieke van der Velden, Edger Kleijer, Jacqueline Clement (all Corporate M&A), Piet Sippens, Tycho de Graaf, Jacqueline van Essen (all I&C, ICT), Larissa Silverentand, Roderick Watson (Financial Law), Niels Hagelstein (Finance), Nina Kielman (Tax), Albert van der Kolk and Joyce Trebus (Employment). The due diligence investigation was led by Willem van der Vossen, Esmee Salomons and Laura Brummelhuis.
For more information we refer to the press releases (available in Dutch):