NIBC Holding N.V.’s €1.2 Billion Initial Public Offering

Shearman & Sterling advised Citigroup, Deutsche Bank and Morgan Stanley as joint global coordinators in connection with the initial public offering and listing on Euronext Amsterdam of NIBC Holding N.V.

The offering comprised a secondary sale by NIBC’s largest shareholders, entities advised by the private investment firm J.C. Flowers & Co., at an offer price of €8.75, implying a market capitalization of over €1.2 billion for NIBC.

Founded in 1945, NIBC is known as a retail mortgage broker and lender to small and medium-sized corporate borrowers in the Netherlands, Germany, the United Kingdom and Belgium. The company, led by Paulus de Wilt Herman Dijkhuizen, Reinout van Riel,

Saskia Hovers, Michel Kant and Caroline Oosterbaan, in 2017 recorded profit of €213 million.

Shearman advised with a team including David Dixter (Picture), Jonathan Handyside, Bouchra Haji, Kristen Garry, Simon Letherman, Jeremy Kutner, Devon Yamauchi and Joe Ohlson

 

Involved fees earner: David Dixter – Shearman & Sterling; Jonathan Handyside – Shearman & Sterling; Bouchra Haji – Shearman & Sterling; Jeremy Kutner – Shearman & Sterling; Devon Yamauchi – Shearman & Sterling; Joe Ohlson – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Simon Letherman – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Citigroup Inc.; Deutsche Bank; Morgan Stanley;