Acquisition of Robidus by Aegon

Aegon acquires Robidus, a leading income protection service provider in the Netherlands, from Avedon Capital Partners. The transaction is consistent with Aegon’s strategic objective to expand its position in the income protection value chain and grow its fee based businesses.

Robidus provides a full range of income protection services to employers, including employee reintegration services, outsourcing services in the field of social security management, and social security legislation advisory services. These services complement Aegon’s existing offering for employers in the fields of pensions and income protection. Furthermore, Aegon’s own income protection insurance business is expected to benefit from Robidus’s claims management experience. Robidus will continue to operate on a standalone basis and under its own brand name.

Under the terms of the agreement, Aegon will acquire approximately 95% of the company with the remainder to be retained by Robidus’s management team.

After having acted as sell-side adviser to the De Hoge Dennen Capital in 2015 when it sold Robidus to Avedon Capital Partners, Quore Capital now acted as buy-side M&A advisor to Aegon in support of its acquisition of Robidus.

July 16th, 2018 (announced)

Client: Aegon
Target: Robidus
Buyer: Aegon
Seller: Avidon Capital Partners