VIVAT, Athora and NN Group

Financial adviser to the Dutch Central Bank

Kempen & Co is pleased to announce its role in the acquisition of VIVAT by Athora and NN Group as sole financial adviser to the Dutch Central Bank

VIVAT was acquired by a consortium consisting of Athora and NN Group. Athora to acquire VIVAT and retain the life and asset management businesses. NN Group to acquire the VIVAT non-life business
The transaction leads to a stronger proposition in the respective life and non-life insurance markets in the Netherlands, enhancing customer offerings and injecting fresh capital in the Dutch insurance market
Kempen & Co acted as sole financial adviser to the Dutch Central Bank (“DNB”) in the sale of VIVAT and supported DNB with independent advice and thorough analyses
The transaction is a further testament to Kempen & Co’s leading role in the consolidation of the Dutch insurance sector, with previous involvement in, amongst others, the public offer of NN Group for Delta Lloyd

VIVAT is the 4th largest insurer and 2nd largest life insurer in the Netherlands
- Gross premium income of €2.6bn (end of 2019)
- Balance sheet total of €62bn (end of 2019)
VIVAT’s subsidiaries are active in the Dutch market with brands such as Zwitserleven, Reaal and ACTIAM

Athora is a specialised (re)insurance group backed by amongst others Apollo, Athene and ADIA
Athora is fully focused on the European market and its principal subsidiaries are Athora Belgium, Athora Lebensversicherung (Germany), Athora Ireland and Athora Life Re (Bermuda)
The Athora group has more than 800,000 policyholders for total consolidated assets of approximately €15bn
Athora has raised €4bn of committed equity capital since 2018

NN Group is a Dutch financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan
NN Group includes Nationale-Nederlanden, NN, NN Investment Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA
NN Group is listed on Euronext Amsterdam