Rabobank and Rothschild have entered into a co-operation agreement in the field of M&A and Equity Capital Markets advisory in the food and agriculture sectors on a global basis. Rothschild and Rabobank both have strong global food and agri advisory franchises in mergers and acquisitions.
In addition, Rabobank is the premier global financial institution providing financing and other services to food and agri business clients around the world. Under the agreement both firms will pool their respective industry knowledge, resources and relationships while expanding their respective geographic reach and client base through an enhanced breadth of services.
This agreement represents a step in advancing the successful food and drink franchise of the two companies, bringing together highly complementary skills in a fast growing sector of the global economy.
“This co-operation is an important step for the Rabobank Group and we are very pleased to have reached this agreement with such an established group as Rothschild. We are impressed by the franchise that Rothschild has developed in this sector and believe that by combining our resources, we can provide a better and more integrated platform to our clients.
This co-operation will be instrumental in further developing our food and agri advisory franchise globally” says Sipko Schat Executive Board member of Rabobank and Vice Chairman of the Managing Board of Rabobank International.
The co-operation will be led on a day to day basis by Maarten ter Haar and Emmanuel Durand, respectively heads of Food & Agri M&A for Europe and for the Americas at Rabobank, and by Akeel Sachak, Global Head of Consumer at Rothschild.In order to cement the relationship between the two firms, Rabobank will acquire,subject to the necessary approvals, a 7.5% stake in Rothschilds Continuation Holdings (RCH) and Sipko Schat will join the RCH Board.
“We are pleased to have entered this co-operation agreement and believe that over time it will develop into a strategic alliance in these vitally important sectors. We are also delighted to welcome Rabobank as a shareholder in RCH and Sipko Schat onto the Board.” says David de Rothschild, Chairman of Rothschild.
0 Comments:
Post a Comment