ING Bolsters Stake in Van Lanschot Kempen with Significant Acquisition
Deal News | Mar 03, 2025 | Globenewswire
ING has announced an agreement to acquire a 17.6% stake in Van Lanschot Kempen, boosting its total holding to 20.3%. This investment into the specialist wealth manager reinforces ING's commitment to enhancing its presence in private banking and wealth management sectors in the Netherlands and Belgium. The agreement has been reached with Reggeborgh Groep B.V., and completion of the transaction hinges on regulatory approval. The move aligns with ING's strategy to support Van Lanschot Kempen's management and sustain progressive financial investment in wealth management services.
Sectors
- Financial Services
- Private Banking
- Investment Banking
Geography
- Netherlands – Van Lanschot Kempen primarily operates in the Netherlands, making it a significant geography for the transaction.
- Belgium – Van Lanschot Kempen also operates in Belgium, making it a relevant geography for the deal.
Industry
- Financial Services – The article pertains to ING's acquisition of a stake in a wealth manager, Van Lanschot Kempen, which operates within the financial services industry specializing in private, institutional, and investment banking.
- Private Banking – The transaction enhances ING's position in private banking, an area where Van Lanschot Kempen has a strong market presence.
- Investment Banking – Van Lanschot Kempen serves investment banking clients, making the transaction relevant to this sector.
Financials
- 17.6% – The stake in Van Lanschot Kempen acquired by ING from Reggeborgh Groep B.V.
- 20.3% – The total stake ING will hold in Van Lanschot Kempen after the completion of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ING | Acquirer | Company | A global financial institution with a strong European base, interested in enhancing its wealth management and private banking offerings. |
| Van Lanschot Kempen N.V. | Target Company | Company | A specialist wealth manager with a strong presence in the Netherlands and Belgium, serving private, institutional, and investment banking clients. |
| Reggeborgh Groep B.V. | Selling Company | Company | The entity from which ING has acquired the stake in Van Lanschot Kempen. |