Press release | VLC & Partners presents new investor Howden
December 19th, 2023 - Today, VLC & Partners introduces a new investor: Howden, a global insurance group. A strategic partner for the long term, aligning with the ambitions and DNA of the current organization. This means that VLC & Partners will become 100% part of Howden. The current shareholders, with De Goudse as the majority shareholder, are selling their entire stake to Howden.
VLC & Partners presents new investor Howden
Since 2016, VLC & Partners has experienced substantial growth, leading to a strong position in mid-corporate, SME, and private insurance. This growth has positioned VLC & Partners as a robust and healthy company at the forefront of the advisory market today.
Lando te Molder, VLC Partners CEO comments “As part of our commitment to build on our top-tier position in the Dutch and international advisory market, selecting a strategic partner is of paramount importance. We are delighted to have found a long-term partner that aligns seamlessly with our core values and ambitions. Howden’s commitment to prioritising its people and customers perfectly resonates with our principles. This partnership marks the beginning of a new chapter for us that will reinforce our international presence and create exceptional opportunities for further growth. It opens avenues for product and proposition development, digitalisation, and advancements in data and technology.”
The VLC & Partners management has great confidence in a bright future with Howden, where the organization, along with all colleagues, can develop optimally.
David Howden, CEO van Howden says: "This acquisition is amongst the most significant we have made in Continental Europe. VLC is an incredibly highly regarded business, known for the outstanding client service it provides. That they have chosen to join us is testament to our continued ability to attract leading talent in all our markets, our aligned cultures, client focus and the quality of our shared growth ambitions.
“Along with the newly announced acquisition of NORTH in Denmark, it clearly shows our patient, strategic commitment to the region; we are now a scale operator in every one of the major insurance markets in Europe, and we continue to deliver on our long stated ambition to build the pre-eminent European broker for clients and talent by joining with the very best businesses.”
With this, VLC & Partners becomes the leading platform of Howden Insurance in the Netherlands. Managing Director of VLC & Partners, Lando te Molder, will assume the role of CEO at Howden Netherlands. In the coming period, will be examined how the collaboration with Howden Insurance Netherlands' current organization will be structured. In the future, the VLC & Partners brand disappears, and moves towards the Howden brand.
De Goudse and VLC & Partners were advised on this transaction by Aperghis & Co as a financial advisor and Hogan Lovells as a legal advisor. Howden was advised by MarshBerry as a financial advisor and Norton Rose as a legal advisor.
About VLC & Partners
VLC & Partners is a top 10 player in the Dutch insurance advisory market specializing in risk management, employee benefits and private insurance. With 500 employees, they operate in 7 different locations in the Netherlands.
Howden is a leading global insurance group with employee ownership at its heart. Founded in 1994, it operates in 50 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 15,000 people and handling $35bn of premium on behalf of clients.