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Rabobank, Rothschild Form Partnership
Rabobank acquires a 7.5% stake in Rothschild.
November 19, 2008
Rabobank International and independent investment bank Rothschild have partnered to combine their global M&A and equity capital markets advisory capabilities in the food and agriculture sectors. The pair hopes to capitalize on the strength of each another’s food and drink franchises, an industry that is experiencing rapid growth.
Rabobank will acquire a 7.5% stake in Rothschilds Continuation Holdings (RCH) as part of the deal. Additionally, Sipko Schat, executive board member of Rabobank and vice chairman of the managing board of Rabobank International, will join the RCH board of directors. The investment is subject to approval.
Both firms plan to tap into each other's industry knowledge, resources and relationships and to expand their geographic reach and client base through the combined effort.
“We are impressed by the franchise that Rothschild has developed in this sector and believe that by combining our resources, we can provide a better and more integrated platform to our clients," Schat said in a statement.
The combined entity will be managed by Maarten ter Haar and Emmanuel Durand, Rabobank’s heads of food and agriculture M&A for Europe and for the Americas, respectively, and Akeel Sachak, global head of the consumer group at Rothschild.
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