OLB and Dutch insurance company a.s.r. to jointly acquire NIBC’s leveraged loan portfolio
- Oldenburg | 13. Juni 2022
Oldenburgische Landesbank AG (OLB) has reached an agreement to acquire the existing performing leveraged loan portfolio of Dutch NIBC Bank, in a joint bid with Dutch insurance company a.s.r..
The total portfolio includes loans to 36 companies, for a total amount of c. EUR 500 million, to be split between OLB and a.s.r.. Most loans are to mid-market private equity owned companies, based primarily in Germany and the Netherlands. OLB primarily focuses on the German-sited part of the portfolio. OLB expects the closing of the transaction to be staggered over the coming months.
Most recently, OLB’s Acquisition Finance was once again ranked as the leading bank lender in Germany and amongst the top 3 in the Benelux countries according to Houlihan Lokey MidCap Monitor Q1 2022. Building on this success, the acquisition of the NIBC portfolio makes a strong and very complementary fit to OLB’s existing business that will contribute further profitable growth of the bank’s loan portfolio.