FTI Consulting, Inc., a global business advisory firm, and BHB Dullemond, a Dutch corporate finance firm that specialises in transactions in insurance distribution, have announced a strategic alliance to provide M&A services to the insurance distribution sector in the Netherlands and Belgium.
Through this alliance between the two companies, clients in the Netherlands and Belgium will benefit from FTI Consulting’s extensive pre-, during and post-deal capabilities advising on domestic and international matters within the insurance industry, together with BHB Dullemond’s extensive knowledge of the local insurance distribution market.
Experts in FTI Consulting’s Global Insurance M&A practice work with a wide range of buyers and sellers on matters across the insurance M&A lifecycle, which includes deal advisory, due diligence, and post-acquisition integration and restructuring.
“We are committed to building on our ability to support clients with their strategic business needs in mainland Europe and our alliance with BHB Dullemond helps us do just that,” said Rory O’Brien, a Senior Managing Director and Co-Leader of the Global Insurance Services practice at FTI Consulting.
“It is an exciting partnership that will enable Dutch, Belgian, and international clients in the insurance sector to benefit from our combined and complementary services.”
Meanwhile, throughout recent years, the Dutch and Belgian insurance distribution and services market has attracted the attention of large international broker platforms and private equity firms. BHB Dullemond, having operated in these markets for more than 25 years, has provided valuation, M&A and legal services to entrepreneurs and management-owned businesses on more than 700 transactions within the insurance distribution sector.
Edwin Bosma, Managing Partner of BHB Dullemond, commented: “Due to market consolidation in recent years, our clients’ business and investor base have grown in scale and become increasingly international. Together with FTI Consulting, we will be able to help our clients with enhanced access to large international broker platforms and private equity firms.”
Klaas Wagenaar, a Senior Managing Director and Chairman of Corporate Finance & Restructuring in the Benelux region, added: “We continue to look for opportunities to build on our investment in the Benelux market and enhance our sector-specific capabilities for clients, who increasingly acquire businesses across multiple jurisdictions and work with organisations outside of their home countries. Our alliance with BHB Dullemond reflects this growing trend, and we look forward to working with them for the benefit of our mutual clients.”