De Brauw acted as legal adviser to pension group APG Groep N.V. (APG All Pensions Group, the administration and investment management entity for ABP) on the acquisition of 51% in Cordares Holding, and to Loyalis (subsidiary of APG Groep) on the issue of 10% of the shares in Loyalis to Stichting Sociaal Fonds Bouwnijverheid.
Upon the completion of this transaction a pension administrator will be created which is to manage pension assets worth approximately EUR 240 billion and to offer services to four million participants. Cordares Holding is a pension administrator and investment manager for, among others, the construction industry and housing corporations collective pension schemes, while APG Groep provides pension administration and investment management services to the collective pension scheme for the Dutch government and education sectors. Loyalis and Cordares Verzekeringsgroep both offer insurance services.
teamM&A: Jaap Winter
Corporate: Cees de Monchy
Regulatory: Francine Schlingmann
Competition: Erik Pijnacker Hordijk