Federale Verzekering’s acquisition of majority interest in insurance company Optimco NV

Van Bael & Bellis has assisted Federale Verzekering, a Belgian cooperative insurance company, in relation to its acquisition of a majority stake in Optimco NV, an Antwerp-based insurance company.

By this acquisition, Federale Verzekering is expanding its network of independent insurance brokers and enlarging its non-professional client base. The transaction was signed in June 2018 and is subject to a number of conditions precedent.

It is the first acquisition by Federale Verzekering in its 100 years of existence.

The deal team was led by Van Bael & Bellis partner Michel Bonne (picture), who was assisted by associates Hannelore Matthys and Sarah Arens.

Involved fees earner: Michel Bonne – Van Bael & Bellis; Hannelore Matthys – Van Bael & Bellis; Sarah Arens – Van Bael & Bellis;

Law Firms: Van Bael & Bellis;

Clients: Federale Verzekering;