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July 27, 2021

Van Lanschot Kempen completes Mercier Vanderlinden acquisition

Dutch wealth manager Van Lanschot Kempen has completed its previously announced acquisition of a majority stake in Belgian peer Mercier Vanderlinden.

The deal closed after the regulators green lighted the transaction.

In April, Van Lanschot Kempen agreed to purchase a 70% stake in Mercier Vanderlinden, which manages around €3.8 billion in client assets.

The Dutch firm will now focus on raising its stake in Mercier Vanderlinden to 100% gradually.

However, both the companies will continue to operate independently in Belgium working together in different areas.

Together, the two wealth managers had €9.3bn in client assets as at 30 June 2021.

In a statement, Van Lanschot Kempen said: “In the past few years, both Van Lanschot Kempen in Belgium and Mercier Vanderlinden have achieved robust client asset growth, and they will continue their role as market challengers on the strength of their personalised approach and strong investment solutions.

“The transaction is expected to have an impact of approximately four percentage points on Van Lanschot Kempen’s capital ratio.”

A union of two specialised financial boutiques, Van Lanschot Kempen is active in private banking, asset management and merchant banking verticals.

In January this year, the company completed the acquisition of Gouda-based independent asset manager Hof Hoorneman Bankiers.

Hof Hoorneman Bankiers specialised in private banking, online wealth management and settlement-only services, and managed €2bn in client assets.

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