M&A Deal Summary

Aegon Acquires Robidus Groep B.V.

On July 16, 2018, Aegon acquired business services company Robidus Groep B.V. from Avedon Capital Partners

Acquisition Highlights
  • This is Aegon’s 3rd transaction in the Business Services sector.
  • This is Aegon’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2018-07-16
Target Robidus Groep B.V.
Sector Business Services
Buyer(s) Aegon
Sellers(s) Avedon Capital Partners
Deal Type Add-on Acquisition

Target

Robidus Groep B.V.

Zaandam, Netherlands
Robidus Groep B.V. is a full-service player around sickness and disability and the associated risks and costs affecting employers and insurers. Robidus offers advisory, outsourcing services, and insurance intermediation to corporates and some outsourcing services around claims handling to insurers. Robidus Groep B.V. was founded in 2003 and is based in Zaandam, Netherlands.

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Buyer(S) 1

Buyer

Aegon

Schiphol, Netherlands

Category Company
Founded 1844
Sector Insurance
Employees15,500
Revenue 19.5B EUR (2024)
DESCRIPTION

Aegon provides life insurance, pension, and asset management products and services. It offers various life and protection products, including traditional and universal life, as well as endowment, term, employer, and whole life insurance products; and supplemental health, accidental death and dismemberment, critical illness, cancer treatment, credit/disability, income protection, and long term care insurance. Aegon was incorporated in 1983 and is based in Schiphol, Netherlands.


DEAL STATS #
Overall 8 of 8
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Netherlands M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Unirobe Meeùs Groep B.V.

The Hague, Netherlands

Unirobe Meeùs Groep B.V. (UMG) is a provider of independent advice and insurance products to approximately 580,000 retail and 75,000 wholesale customers. Unirobe Meeùs Groep B.V. is based in The Hague, Netherlands.

Sell €295M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-29 Aegon NV - Central and Eastern European Business

Budapest, Hungary

Aegon NV - Central and Eastern European Business (CEE) includes insurance companies, pension funds, asset management, and service companies with a premium volume of around EUR 600 million, a managed pension fund volume of around EUR 5 billion and brings an additional customer base of 4.5 million customers in total. After successful closing of the acquisition, Vienna Insurance Group will rise from 6th place to market leader in Hungary. CEE Business is based in Hungary, Poland, Romania and Turkey.

Sell €830M

Seller(S) 1

DESCRIPTION

Avedon Capital Partners is a private investment firm focused on minority and majority growth investments in the Benelux and Germany. Avedon pursues rapidly growing companies that have reached an inflection point where a growth equity investment can create significant value. The Firm looks to invest €5 to €30 in companies valued up to €150 million. Investment proceeds are generally used to fund key growth initiatives or shareholder liquidity. Avedon Capital Partners was formed in 2011 and is based in Amsterdam.


DEAL STATS #
Overall 14 of 19
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Netherlands M&A 8 of 13
Year: 2018 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Seebach

Vellmar, Germany

Seebach GmbH is a producer of filters and filter elements made of steel and stainless steel for national and international clients in the mining, chemical and process industries. Seebach GmbH was founded in 1970 and is based in Vellmar, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 Fit For Free

Leiderdorp, Netherlands

Fit For Free is a provider of affordable and accessible gyms to value focused customers across 90 prime locations in the Netherlands. Fit For Free offers cardio training, weight training, live group lessons, spinning, circuit training, FunXtion, and personal coaches. Fit For Free was founded in 2005 and is based in Leiderdorp, Netherlands.

Sell -