De Brauw advised Achmea, a leading financial service provider, on a strategic partnership with Sixth Street in the Dutch pension and life market, whereby Achmea and Lifetri are combining their pension and life portfolios.

Achmea and Lifetri are merging their pension and life portfolios into Achmea Pension & Life Insurance N.V. to create a top three player, serving over 2.1 million customers. As part of the transaction, Sixth Street will acquire ~20% of the shares of Achmea Pension & Life Insurance by contributing Lifetri and paying EUR 445 million to Achmea. Achmea will hold 80% of the shares in the joint venture. Closing is subject to various regulatory and other transaction approvals and is expected in the second half of 2025.

The deal creates a top three Dutch pension and life insurance provider, with growth opportunities in the pension buy-out market and a combination of asset management capabilities.