Linklaters advises ING Bank Śląski S.A. on the acquisition of a 45% stake in NN Investment Partners TFI S.A.
Linklaters has advised ING Bank Śląski S.A. on the acquisition of a 45%-stake in investment fund management company NN Investment Partners TFI S.A. from NN Investment Partners International Holdings B.V. The transaction was aimed at strengthening the long-term partnership between NN Investment Partners and ING Bank Śląski by improving the ability to distribute NN IP’s investment funds on the Polish retail market via ING’s branch network.
The closing of the transaction involved the execution of the final share purchase agreement and ancillary documentation.
NN IP is the fourth largest TFI in Poland (based on the level of assets in non-dedicated funds as at June 2019) with a market share of 9.8%. It has a wide range of products (40 funds, including 4 money market funds, 7 bond funds, 10 mixed funds, 8 life-cycle funds and 11 equity funds) and a diversified structure of assets under management.