Van Lanschot Kempen and Mercier Vanderlinden complete acquisition
Published: 8.00 CEST
Van Lanschot Kempen’s and Mercier Vanderlinden’s shareholders have now completed the accelerated acquisition by Van Lanschot Kempen of the remaining 30% stake in Mercier Vanderlinden. The Van Lanschot Belgium and Mercier Vanderlinden tie-up will continue operations as Mercier Van Lanschot as from 1 January 2024.
Van Lanschot Kempen paid 53% in cash and 47% in shares for the 30% stake, with a lock-up period to 2030. The deal has given Mercier Vanderlinden’s managing partners a 3.9% participating interest in Van Lanschot Kempen, demonstrating their commitment and confidence in the strength of the combine. 1,678,270 new shares have been issued for this purpose.
The transaction’s completion has made Van Lanschot Kempen the 100% shareholder in the Belgian wealth manager, following its previous acquisition of a 70% stake in 2021.
By the end of 2022, Mercier Vanderlinden and Van Lanschot Belgium had €9.2 billion in assets under management (AuM). The combined company has been growing sharply, recording joint net AuM inflows of €0.7 billion in 2022 (€0.3 billion Mercier Vanderlinden and €0.4 billion Van Lanschot Belgium).
In 2023, the combine will continue with a joint management team, consisting of Thomas Vanderlinden and Erwin Schoeters as co-CEOs, Frédéric Van Doosselaere and Paul Timmermans. Stéphane Mercier will continue to manage the MercLin funds.