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Bulletin: Dutch Bank NIBC To Retain Its Strategic Focus Despite Potential Change In Private Equity Ownership

Published Feb 28, 2020

3 pages (1398 words) — Published Feb 28, 2020

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Abstract:

DUBLIN (S&P Global Ratings) Feb. 28, 2020--S&P Global Ratings today said that neither a delisting, nor a change of ownership from one set of private equity owners to another, would, in isolation, affect our view of the NIBC group's creditworthiness. Private equity fund Blackstone Inc. has announced its plan to acquire full ownership of Dutch bank NIBC Holding N.V. and delist it during 2020. Our rating on NIBC Bank N.V. (BBB+/Stable/A-2) is unaffected. Blackstone plans to make the acquisition through Flora Acquisition B.V., a Dutch entity owned by certain funds managed or advised by Blackstone's Tactical Opportunities and Private Equity businesses, and other managers affiliated with The Blackstone Group Inc. The transaction is expected to close in the second half

Report Type:

Bulletin

Ticker

NIBNA@NA

Issuer

NIBC Bank N.V.

GICS

Diversified Capital Markets (40203030)

Sector

Global Issuers, Structured Finance

Country

Netherlands

Region

Europe, Middle East, Africa

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Dutch Bank NIBC To Retain Its Strategic Focus Despite Potential Change In Private Equity Ownership" Feb 28, 2020. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dutch-Bank-NIBC-To-Retain-Its-Strategic-Focus-Despite-Potential-Change-In-Private-Equity-Ownership-2390086>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Dutch Bank NIBC To Retain Its Strategic Focus Despite Potential Change In Private Equity Ownership Feb 28, 2020. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Dutch-Bank-NIBC-To-Retain-Its-Strategic-Focus-Despite-Potential-Change-In-Private-Equity-Ownership-2390086>

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