Merger: Licent - Deterink Financieel Advies

Sixteen insurance brokerages and Licent’s underwriting agency are joining forces, with Deterink Financieel Advies, operating from its offices in Tubbergen, Denekamp, and Geesteren, included in the collaboration.

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Merger: Licent - Deterink Financieel Advies

Merger: Licent - Deterink Financieel Advies

Corporate finance

Sixteen insurance brokerages and Licent’s underwriting agency are joining forces, marking a unique development in the Dutch insurance world: never before have so many independent brokerage agencies united as one.

Never before have so many independent brokerage agencies united as one.

p>The merger of sixteen independent brokerages and Licent’s underwriting business has created one new organisation: a group with more than thirty offices, revenues exceeding €30 million, and around 300 employees. As part of its growth strategy, investment company Gilde Equity Management has also acquired a stake in the new organisation. With this merger, the group becomes a strong top-20 player in the Dutch financial advisory market.

Closer collaboration

Until now, the brokerages were independent businesses that cooperated primarily through the Licent cooperative, especially in relation to the underwriting business. The merger now makes it possible to collaborate more intensively and to continue growing and innovating.

The goal of the merger is to further strengthen and expand the position of what aims to be the most people-focused financial services provider in the Netherlands. The new organisation, Licent, has ambitious growth plans and invites other financial service providers to join.

Jeroen Martens Senior corporate finance advisor

Specialist in mergers and acquisitions

My name is Jeroen Martens and I have been advising and guiding mergers and acquisitions since 2006. What I enjoy most is the contact with you as an entrepreneur: it's about the dream or vision you have as an entrepreneur, its realization, and its success. Mergers and acquisitions are complex processes, in which an experienced advisor and guide can offer a lot of added value. With my knowledge and experience, I can help you turn your dream into a success.

Deterink Financieel Advies

As part of the collaboration, the insurance brokerage Deterink Financieel Advies, operating from its offices in Tubbergen, Denekamp and Geesteren, will also join. Deterink has been affiliated with Licent since 2008 and acts as an intermediary between its clients and providers of financial and insurance products.

For more than thirty years, Deterink has specialised in advising on and arranging mortgages, insurance, banking products, financing and other financial services, for both private individuals and business clients. In addition, Deterink operates three RegioBank branches.

The current shareholder of Deterink will join the management team of the new organisation. Deterink sees the acquisition as an opportunity to work together closely across many areas, to make fuller use of the organisation’s strengths, and to continue developing and expanding the business.

Merger support

The corporate finance advisers at de Jong & Laan provided guidance and support to Deterink's shareholder throughout Licent's acquisition process, namely by:

Discussing the shareholder’s personal ambitions and objectives;
Supporting the preparation of the information memorandum;
Supporting the indicative share valuation process;
Leading the negotiations;
Providing advice and support on the drafting of acquisition contracts and finalising legal and tax matters.

Closely involved in acquisitions in the insurance intermediaries market

Dommerholt & Ten Brinke is also part of this collaboration, with de Jong & Laan again acting as adviser.

In the insurance brokerage market, a wave of consolidation has been underway for years, with scale and efficiency becoming key drivers for continued growth and innovation.

Do you have questions, or are you curious about what our corporate finance team can do for you? Feel free to contact us.