Aegon to Acquire North Westerly CLO Business


May 17, 2023

On April 27, 2022, Aegon Asset management announced that it will acquire NIBC Bank’s North Westerly European CLO business.

Under the terms of the agreement, Aegon Asset Management (“Aegon”) will acquire NIBC Bank’s North Westerly European CLO Management Business (“North Westerly CLO”). The deal is expected to close in June, subject to customary closing conditions. Financial terms were not disclosed.

Aegon is a global asset manager providing fixed income and asset allocation services. As of December 31, 2022, Aegon had $311 billion in assets under management. 

North Westerly CLO, based in London, is a European CLO manager consisting of three CLOs. North Westerly CLO manages approximately $1.3 billion in assets.

To read the press release: please click here.

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