A cross-practice AKD team is advising Achmea, one of the largest insurers in the Netherlands, on the intended acquisition of the Blue Sky Group’s asset management services, adding EUR 25 billion in AuM (Assets under Management) to Achmea Investment Management’s current AuM.

Closing of the transaction is subject to completion of the relevant works council procedures as well as to approval by the competent regulatory authorities, and is expected by the end of 2024. Following the acquisition, Achmea Investment Management will carry out the asset management of among others the three KLM pension funds.

In this transaction AKD draws upon the wide range of expertise within the firm. Led by Lennart Crain, the team consists of Jurriaan Puijpe and Jesse Algra (M&A), Ludo Luijks and Maud Plattel (Tax), Jasper Verhoog and Florian Dorland (Regulatory), Jorn de Bruin and Maikel Doting (Employment and Pensions), Martin Hemmer, Bram Woltering and Bente van Dijk (IP, IT and Data Protection), Joost Houdijk (Anti-trust) and Daan ter Wee (Notarial).

For more information, please see the press release by Achmea and the press release by Blue Sky Group (Dutch), or this news article in Dutch newspaper Het Financieele Dagblad.