Goldman Sachs to Acquire NN Investment Partners for Nearly €1.6 Billion

Investment bank Goldman Sachs has reached an agreement to acquire asset manager NN Investment Partners from NN Group N.V. for nearly €1.6 billion. The deal is expected to close by the end of the first quarter of 2022, subject to regulatory and other approvals and conditions.

NN Investment Partners is a leading European asset manager based in The Hague, Netherlands, with approximately $355 billion in assets under supervision and approximately $70 billion in assets under advice. In addition, the company is also a top-ranked ESG manager in Europe and 75% of its assets under supervision are ESG integrated.

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Upon closing of the transaction, NN Investment Partners’ employees will join Goldman Sachs Asset Management. NN Investment Partners’ expertise will strengthen Goldman Sachs' fund management and distribution platform across retail and institutional channels in Europe and support the bank in delivering long-term value to clients.

As Fazzaco reported earlier, Goldman Sachs has opened a new office in Hyderabad​ to expand its global center for engineering and business innovation in India.