Goldman acquires Dutch asset manager for $1.9b

LONDON, Apr 11 (Reuters): Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities.
NN Investment Partners, formerly part of NN Group, will be integrated into Goldman Sachs Asset Management (GSAM). The acquisition of the firm, which has more than 900 employees, brings Goldman's assets under supervision to approximately 2.8 trillion dollars.
Buying NN Investment Partners, based in The Hague, is part of Goldman Sachs' plan to scale up its European operations. The business will push growth in products such as European equity and investment-grade credit, sustainable investments and "green" bonds.
It will also help GSAM deepen its integration of environmental, social and governance (ESG) values into its operations.