Orix Corporation looking to buy Robeco

Orix confirmed its interest to the Tokyo Stock Exchange on Friday, although no final decision has been reached yet. The acquistion price of €2bn would value Robeco at 10x earnings. The price was estimated to sit in the €1.5-2.5bn range, according to earlier reports.

Rabobank had put its asset management business up for sale in early 2012 to comply with Basel III requirements. CVC Capital Partners, Advent International and Macquarie dropped out of the auction process, leaving Permira, AMG and Orix as the final bidders in October last year. Permira was believed to be only interested in the firm's European business, while AMG was only eyeing the US division.

 

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• Benelux
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• Permira
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• Macquarie Group
• Advent International