Financial services giant Rabobank and investment banking major Rothschild have entered into a co-operation agreement On Wednesday to offer advisory services in the field of mergers & acquisitions (M&A) and equity capital markets in the food and agriculture sectors on a global basis.
Rabobank engages its businesses in retail banking, wholesale banking, asset management, leasing and real estate.
The group caters to the food and agri business companies globally through its advisory and financial services. Under the agreement, both firms will utilise their expertise, resources and relationships while expanding their respective geographic reach and customer base.
Following the agreement, Rabobank would acquire a 7.5 per cent stake in Rothschilds Continuation Holdings (RCH) and Vice-Chairman of Rabobank’s International Board, Sipko Schat, will join the RCH Board.
The businesses would be jointly led by Maarten ter Haar and Emmanuel Durand, respectively heads of Food & Agri M&A for Europe and the Americas at Rabobank, and by Akeel Sachak, Global Head of Consumer at Rothschild.
“We are pleased to have entered this co-operation agreement and believe that over time it will develop into a strategic alliance in these vitally important sectors. We are also delighted to welcome Rabobank as a shareholder in RCH and Sipko Schat onto the Board.” says David de Rothschild, Chairman of Rothschild.