ABN Amro to partially sell stake in PE arm

Francesca Veronesi
16 November 2018

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ABN Amro has announced its intention to sell part of its stake in the investment funds of ABN Amro Participaties (AAP), which will rebrand as Capital A after the closing of the transaction.

A consortium of investors, led by Dutch GP AlpInvest and including Swiss asset manager LGT Capital Partners, Five Arrows Secondary Opportunities (FASO) and Bregal, invested in the transaction.

The deal sees ABN Amro sell part of its stake in the current portfolio. The bank remains involved through its minority investment in the existing portfolio, and becomes a cornerstone investor in a new fund, which AAP is currently establishing.

A statement from ABN Amro mentions the new structure will offer more flexibility for both AAP as well as ABN Amro. Investments by AAP are a modest part of ABN Amro's overall private equity portfolio and the transaction does not have a material impact on ABN Amro's results, the statement said.

Based in Amsterdam, AAP is led by managing directors Friso Janmaat and Marc Damstra. It targets mid-market investments in Dutch businesses, providing equity tickets in the €5-50m range to companies across a variety of sectors.