Under the agreement, KBC Securities and Van Lanschot Kempen will transfer their equities businesses to the joint venture, which will encompass (i) equity research, sales, sales-trading and trading, and (ii) Equity Capital Markets (ECM) execution. The joint venture will act as the exclusive distribution channel for all ECM business for the respective clients of both firms. Both parties will continue to independently offer corporate finance services, including M&A advisory.
The joint venture will provide investors’ access to research coverage of approximately 230 stocks, with a strong focus on the Benelux region as well as European real estate and life sciences. Corporate clients will benefit from increased liquidity and broader investor coverage by combining Van Lanschot Kempen’s pan-European, US and domestic investor base with KBC Securities’ Western-European and large domestic investor base. The combination creates a scalable platform with potential for future expansion. The transaction is subject to customary closing conditions.
This is echoed by Frans van der Eerden, who is pleased to assist two leading institutions in the formation of a joint venture: "this transaction truly marks our Benelux capabilities in the financial sector", says Frans van der Eerden, partner in our Dutch Financial Law practice.
The team consisted of Ken Lioen, Bruno Vanden Berghe (Tax), Philippe Remels, Carl Clottens (Corporate/M&A), Pierre De Pauw (Banking & Finance) from our Brussels office and Larissa Silverentand, Frans van der Eerden, Marlies van de Meulengraaf, Hugo Blom (FinLaw), Pedro Paraguay, Arianne Bonthuis and Nico Blom (Tax) from our Netherlands office.
