Japanese finance specialist moves to buy Robeco

Orix Corporation has agreed to acquire 90% of the equity in Robeco from Rabobank for $2.5 billion. It says it intends to keep the Dutch asset manager intact as much as possible.

Japanese finance specialist moves to buy Robeco

Japanese financial services group Orix Corporation has moved to acquire 90% of the equity in Robeco from Rabobank for 1.9 billion $2.5 billion, and says it will continue to expand.

Subject to legal and regulatory approvals, the deal is expected to be completed within six months. It is valued at an estimated six-seven times Ebitda, which is understood to be lower than many of the competitor deals it examined.

Orix stresses...

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