Corestone Investment Managers has concluded an agreement with its parent Robeco on a management buy-out (MBO) of the company. The MBO means that Corestone is now a fully independent, employee-owned company and no longer part of the Robeco Group.
Rabobank and Orix Corporation (‘Orix’) have entered into a sales and purchase agreement to transfer 90.01% of Robeco Group’s ownership from Rabobank to Orix. Closing of the transaction is subject to legal and regulatory approvals, which are expected to be completed within six months.
From January 1st, 2012, the Dutch transport industry wide pension fund (Pensioenfonds Vervoer) will hire Robeco to provide integrated asset management for its pension assets of almost EUR 11 billion. Corestone, based in Switzerland and the multi-manager specialist within the Robeco group, will fulfill the manager of managers role for all asset classes.
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