Permira and AMG bid against Orix in Robeco sale

Rabobank put its asset management arm Robeco up for sale in the beginning of the year to be able to comply with Basel III requirements in the long term. Since then, bidders including private equity duo CVC Capital Partners and Advent International, as well as Australian banking group Macquarie, have entered – and dropped off – the auction.

Of the remaining bidders, Permira is reportedly looking to take over Robeco's European business, while AMG is interested in the US division.

Since the summer, bids have seen the company's valuation jumping from €1.5bn to €2.5bn, according to local press. The price increase is believed to be the reason behind CVC and Advent dropping out.

Many of Rabobank's investment products are invested in Robeco funds, thus complicating and prolonging the sale process.

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• Topics
• Benelux
• Permira
• CVC Capital Partners
• Netherlands
• Macquarie Group
• Advent International