Blackstone $1.36 billion acquisition of NIBC

26/2/2020
Public acquisition

€ 1.36 billion

$ 1.49 billion

Announced

26/2/2020


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

Jurisdiction:

Netherlands

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services


Firms:

Party: NIBC Bank (Target)


Party: Blackstone (Acquirer)


Party: J.C. Flowers & Co (Shareholder, Seller)