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July 26, 2021

Goldman Sachs, DWS preparing bid for NN Investment Partners

By Verdict Staff

Goldman Sachs Asset Management (GSAM) and Germany’s DWS are reportedly looking to bid for NN Investment Partners (NN IP), the asset management arm of Dutch insurer NN Group.

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The unit, which manages €300bn in assets, was put up for sale by the insurer in April this year, following a strategic review of the business.

With deadline for final binding offers set to end early this week, GSAM and DWS are preparing the bids for NN IP, Financial Times reported citing people familiar with the development.

According to a source, the deal price is in the region of €1.4bn.

NN Group, GSAM and DWS did not comment on the news.

Other interested parties for the unit includes UBS, Prudential Financial, Janus Henderson and American asset manager Nuveen.

Frankfurt-based DWS is accelerating its consolidation activities to challenge the supremacy of its rival firm Amundi in Europe.

DWS chief executive Asoka Woehrmann told shareholders at the group’s annual meeting last month that it is seeking to be ‘an active player’ in industry consolidation.

In April this year, NN Group said it is considering a range of options including a merger, joint venture, or (partial) divestment for NN IP.

NN IP specialises in fixed income, private debt, equity and multi asset solutions. It has presence in Europe, Asia, Latin America and the US.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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