Delen Private Bank completes acquisition of Box Consultants in the Netherlands
1 october 2024
On March 19, 2024, Delen Private Bank reached an agreement with the shareholders of Box Consultants to acquire 100 percent of the shares. Following approval from financial regulators, the acquisition has now been completed.
Founded in 1976, Box Consultants grew from a multi-client family office into an independent asset manager based in the Eindhoven region (Waalre). The acquisition aligns with Delen Private Bank's growth strategy in the Netherlands, aimed at becoming an increasingly prominent player in the Dutch private banking and asset management market. This acquisition will double the assets managed by Delen Private Bank in the Netherlands.
Delen Private Bank has been active in the Netherlands since acquiring Oyens & Van Eeghen in 2016. This was followed by the acquisition of Nobel Vermogensbeheer in 2019, Groenstate Vermogensbeheer in 2023, and earlier this year, Puur Beleggen. With the acquisition of Box, Delen Private Bank marks its fifth Dutch acquisition in eight years, making the Netherlands an increasingly important second home market for the bank.
The entire team at Box Consultants will join Delen today, ensuring that Box clients retain their familiar points of contact, with no changes to the personalized service. The Waalre office will remain in operation and is expected to be further expanded. For the Netherlands, the strategic focus is to combine organic growth with further acquisitions.
Delen Private Bank is an asset manager specialised in discretionary wealth management and estate planning. Its mission is to manage and plan its clients' assets in an active and thoughtful manner, aiming for balanced growth and a smooth transition to future generations. Delen's philosophy is based on personal contact, a long-term vision and a sustainable approach. Two stable shareholders constitute the bank's solid base: the Delen family and Ackermans & van Haaren holding. The Delen Group is active in five countries and has more than 950 employees. As at 30/06/2024, assets under management amounted to 60.4 billion euros (consolidated figure Delen Group)
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