FTI Consulting inks insurance M&A alliance with BHB Dullemond

16 June 2023 Consultancy.eu 2 min. read

Global advisory firm FTI Consulting has deepened its M&A portfolio in the Benelux through a strategic alliance with local player BHB Dullemond.

The alliance will see FTI Consulting and BHB Dullemond work together on pre-deal and post-deal work in the insurance sector in the Netherlands and Belgium.

FTI Consulting has been active in the Netherlands since 2022 when it acquired FTI-BOLD. The firm’s M&A practice advises clients across sectors. BHB Dullemond meanwhile is a boutique Dutch corporate finance firm (17 staff) specialising in transactions in the insurance landscape.

FTI Consulting inks insurance M&A alliance with BHB Dullemond

“This is an exciting partnership that will enable Dutch, Belgian, and international clients in the insurance sector to benefit from our combined and complementary services,” said Rory O'Brien, a Senior Managing Director and Global Co-Leader of the Insurance Services practice at FTI Consulting.

Klaas Wagenaar, Chairman of the Corporate Finance & Restructuring division in the Benelux, said that the firm is continuously on the lookout to expanding its expertise across industry verticals.

The insurance sector caught the eye of FTI Consulting due to strong demand for M&A support, driven by a wave of consolidation and the increase of private equity activity. “In recent years, the fragmented nature of the Dutch and Belgian insurance distribution and services market has attracted the attention of large international broker platforms and private equity firms,” explained Wagenaar.

BHB Dullemond has been active in the space for 25+ years. According to its website, the firm has guided more than 700 transactions since its inception.

The Dutch boutique will meanwhile stand to benefit from FTI Consulting M&A capabilities and global footprint (FTI Consulting has 7,700+ employees in 30+ countries). The firm’s M&A team ranks among the leaders in the advisory landscape.

“Due to market consolidation in recent years, our clients’ business and investor base have grown in scale and become increasingly international. Together with FTI Consulting, we will be able to help our clients with enhanced access to large international broker platforms and private equity firms,” said Edwin Bosma, Managing Partner of BHB Dullemond.