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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Think ETF Asset Management B.V. (BinckBank N.V. and Flow Traders N.V)
  • Van Eck Associates Corporation
  • Mutual Fund
  • January 19, 2018
  • $1.8 Billion

Seller Details

Think ETF Asset Management B.V. is a local Dutch ETF issuer who has €1.5 billion in assets under management. The company was set up in 2008 to make affordable investment alternatives available to investors. The company’s portfolio includes 14 ETFs that cover equities as well as corporate and government bonds. The ETFs are listed at the Euronext stock exchange in Amsterdam and in Brussels and are registered with the financial supervisory authorities in both the Netherlands (AFM) and Belgium (FSMA). The Company was owned by BinckBank N.V. (60%), Flow Traders N.V (24%) and Think ETF's management (16%).

Buyer Details

VanEck’s mission is to offer investors forward-looking, intelligently designed investment strategies that take advantage of targeted market opportunities. Founded in 1955, the firm is a pioneer in global investing with a history of placing clients’ interests first in all market environments. VanEck offers active and passive investment portfolios in hard assets, emerging markets equity and debt, precious metals, fixed income and other alternative asset classes. VanEck Vectors exchange-traded products are one of the largest ETP families in the world, managing more than 70 funds that span a range of sectors, asset classes and geographies. As of August 31, 2017, VanEck managed approximately $41.5 billion in assets, including mutual funds, ETFs and institutional accounts.

Transaction Summary

VanEck entered into a definitive agreement to acaquire Think ETF Asset Management B.V. (“Think”), the Dutch ETF issuer from BinckBank N.V., Flow Traders N.V. and the senior management of Think. Think’s senior management will retain a minor stake in the company, with the rest to be owned by VanEck. The transaction is subject to approval by the relevant supervisory authorities.
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