Rabobank's Robeco snapped up by Orix

Orix has yet to pay €150m of the sale price. The outstanding sum will be paid by disposal of the treasury share, in which Rabobank will become a shareholder of Orix by way of the Japan-based company's allocation of treasury stock to the bank as part-payment for the acquisition.

Orix has acquired a 90.01% stake in the group as part of the deal. Robeco's legal structure will remain unchanged, but the firm will report to Orix's headquarters in Tokyo. Rabobank will retain a 9.99% stake in the group.

Following Orix's acquisition of the venture capital firm, the two parties will focus on developing opportunities in the asset management markets of Asia and the Middle East, due to Orix's existing network in these areas. The two firms will consider joint expansion as partners in new business fields.

Robeco Group comprises a number of subsidiaries, including Robeco Boston Partners, Robeco Weiss Peck & Greer, RobecoSAM and Corestone Investment Management. The firm is headquartered in Rotterdam, with 1,500 staff employed in 15 countries. It was founded in 1929 as a global equity fund, Robeco NV.

Robeco currently holds €189bn in assets under management, half of which are institutional assets.

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