Oreades’ Acquisition Of A Majority Stake In Brand New Day

Clifford Chance has advised Oreades on the deal.

Oreades acquired a majority stake in fintech group Brand New Day. The Brand New Day group, which includes Brand New Day Bank N.V. and Brand New Day Vermogensopbouw N.V., is a fast-growing Dutch fintech focusing on the retail market for pension savings and investments.

The acquisition closed on 9 April 2021 and is part of number of transactions aimed at strengthening the capital position and strategic focus of the Brand New Day group, including the sale by Brand New Day of Brand New Day Premiepensioeninstelling N.V. to a.s.r.

The Clifford Chance cross-practice team advising Oreades consisted of Marian Scheele (Picture), Tom Smeele, Han Teerink, Erwin Schreuder, Mark Jan Arends and Tjerk de Jonge.

Involved fees earner: Mark Jan Arends – Clifford Chance; Tjerk de Jonge – Clifford Chance; Marian Scheele – Clifford Chance; Erwin Schreuder – Clifford Chance; Tom Smeele – Clifford Chance; Han Teerink – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Oreades;

Author: Federica Tiefenthaler