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Kaupthing Bank to acquire NIBC from J.C. Flowers & Co. for €3bn

16/08/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityIceland-headquartered Kaupthing Bank has agreed to purchase the entire share capital of Dutch merchant bank NIBC from investors led by J.C. Flowers & Co. for approximately €2.985bn.

The deals excludes NIBC's subprime mortgage portfolio.

NIBC focuses on the mid-cap segment in Western Europe and offers corporate finance, risk management and investment management solutions to corporate clients, financial institutions, financial sponsors, institutional investors and family offices. NIBC has offices in The Hague, London, Brussels, Frankfurt, New York and Singapore.

The J.C. Flowers-led consortium bought NIBC for a reported €2bn in 2005.

Copyright © 2007 AltAssets

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