IBS Capital Allies Announces the Acquisition of its Shares by BlackFin Capital Partners, Subject to Approval by DNB and AFM.
Amsterdam, August 22, 2024 – IBS Capital Allies (IBS) takes the next step in its growth strategy with the announcement that its shares will be acquired by BlackFin Capital Partners (BlackFin). BlackFin is a renowned private equity fund manager focused on financial services in continental Europe.
IBS is the leading independent wealth manager in the Netherlands, with over €5 billion in assets under management. Through a carefully tailored product and service offering, IBS is known for its strong client-centric approach. IBS has a culture focused on attracting and retaining financial sector talent which has lead to a loyal client base.
A strong combination for the future
The combination of IBS and BlackFin marks a significant change within the financial sector in the Netherlands. BlackFin, active in the Benelux since 2014, adds extensive experience in the financial services sector, with investments in over 30 European companies, including several in the Netherlands.
“This acquisition is the next step in strengthening our position as an independent wealth manager in the Netherlands,” says Harold Knebel, CEO of IBS. “With BlackFin as our new shareholder, we see opportunities to significantly invest in the company, enabling us to serve our clients even better. Additionally, IBS will act as a scalable platform for future acquisitions in the Netherlands, leveraging all its licenses.”
Gijs Verschuuren, Chief Risk Officer of IBS, adds: “The partnership with BlackFin offers the opportunity to achieve our growth ambitions while maintaining our client-centric approach and attractiveness to talent.”
Continuity ensured
Harold Knebel (CEO) and Gijs Verschuuren (CRO) will continue to lead the Management Team of IBS. The IBS team will continue to, professionally and enthusiastically, advise clients on all their wealth management matters.
Conditions and approval
The Dutch Central Bank (DNB) and the Dutch Authority for Financial Markets (AFM) must still approve the transaction before it can be finalized.
We look forward to the future with confidence and the new opportunities this partnership with BlackFin will bring.
About BlackFin Capital Partners
BlackFin is a private equity fund manager focused on financial services in continental Europe, with €3.7 billion in capital raised through buy-out and venture funds.
Headquartered in Paris, BlackFin has invested in more than 30 European companies in the financial services sector including several investments in the wealth and asset management sector, such as Primonial, Cyrus, and Olifan (three major wealth managers in France), Kepler Cheuvreux, Nortia, Bonnfinanz, Consultim, Aestiam, Fokus, and Fundrock.
BlackFin has been active in the Benelux since 2014 and has extensive experience in the financial services sector, in the Netherlands.This experience is evidenced with several investments such as OpGroen (a spin-off from Aon’s personal insurance brokerage in the Netherlands), Carbon Equity (an alternative investment platform focused on impact investing), CED (a leading claims management company), Blauwtrust Groep – including De Hypotheker, Quion, DMPM, and Romeo, Buckaroo (a payment service provider), and FRISS (fraud detection software for insurers).
BlackFin has extensive experience with regulated companies and has invested in companies supervised by the AMF, ORIAS, and ACPR in France, CSSF in Luxembourg, BaFin in Germany, FCA in the UK, AFM and DNB in the Netherlands, CNMV in Spain, CONSOB in Italy, and NMLS and FINRA in the United States.