Blackstone $1.36 billion acquisition of NIBC

Overview:

• US private equity investment group Blackstone will acquire NIBC Holding in a transaction valuing the Dutch bank at €1.36 billion. 
• Through Flora Acquisition, Blackstone will pay €9.85 per NIBC share in cash in a public offer.
• NIBC's largest shareholders J.C. Flowers & Co. and Reggeborgh Invest, have sold their combined 75% stake in private transactions.
• BofA Securities is serving as financial adviser to NIBC and Morgan Stanley is acting for Blackstone.

Natasha Forrest - Researcher