Sixth Street has entered into a strategic partnership with Achmea and Lifetri, acquiring a 20.45% stake in their joint venture focused on life insurance and pension portfolio consolidation.

Information on the Target

Achmea and Lifetri have formed a strategic partnership by consolidating their pension and life insurance portfolios, which collectively serve over 2.1 million customers. This joint venture, named Achmea Pensioen & Levensverzekeringen, aims to bolster their presence in the pension and life insurance market by leveraging the strengths of both organizations.

As part of this collaboration, Sixth Street will acquire a 20.45% ownership stake in the joint venture. This will be achieved through their contribution of Lifetri and an investment of €461 million directed towards Achmea. This partnership not only facilitates greater operational efficiencies but also positions the joint venture for substantial growth in the evolving financial landscape.

Industry Overview in the Netherlands

The pension and life insurance industry in the Netherlands is characterized by a complex regulatory environment and a steadily aging population. With more individuals reaching retirement age, th