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Goldman Sachs strikes €1.6bn deal for NN Investment Partners

Deal will see NN Group and Goldman Sachs Asset Management enter into a 10-year strategic partnership

David Solomon, chief executive of Goldman Sachs, said the acquisition will allow the US firm to 'accelerate our growth strategy and broaden our asset management platform'
David Solomon, chief executive of Goldman Sachs, said the acquisition will allow the US firm to 'accelerate our growth strategy and broaden our asset management platform' Photo: Bloomberg via Getty Images

Goldman Sachs has struck a €1.6bn deal to acquire the asset management arm of Dutch insurer NN Group, marking the latest deal in a sector which is experiencing rapid consolidation.

NN Group announced in April that it was “reviewing strategic options” for its fund management arm, which oversees around €355bn of assets under management across fixed income, private debt, equity and multi-asset solutions.

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