Deloitte Corporate Finance Advisory advised IKB Deutsche Industriebank AG in the sale of 100% of its leasing activities in both Romania and Slovakia.
About the transaction
The Deloitte Corporate Finance Advisory team in Frankfurt led by Christoph Westphal (MD) was the exclusive financial advisor to IKB Deutsche Industriebank AG in the sale of its local leasing activities in both Romania and Slovakia.
In Romania, the long-established business with over 30 employees and two branches was sold to BNP Paribas Leasing Solutions, while in Slovakia the business was sold to SG Equipment Finance Czech Republic.
Both sales process were executed in a competitive bidding process resulting in very satisfactory outcomes for the Seller.
In a true cross-border fashion, Deloitte professionals in Budapest, Bucharest, Bratislava and Frankfurt from Financial Advisory, Tax and Legal, worked seamlessly together to deliver the successful transactions.
Operationally, the deal was supported by Henriette Berger and Cornelius Grundmann (Frankfurt), Balazs Merth and Daniel Molnar (Budapest), Grigoras-Dragos Cruceru, Diana-Maria Toncea, Cristina Benchea, Tiberiu-Sorin Stefan, Vlad Adam (Bucharest), Martin Chlebec and Roland Laki (Bratislava)
About the client
IKB Deutsche Industriebank AG supports medium-sized enterprises and private equity funds with loans, capital market services and advisory services.
IKB has had close ties with German companies and entrepreneurs since it was founded in 1924. The Bank’s business model is based on stable, long-term customer relationships and a pronounced understanding of issues affecting medium-sized enterprises.
About Deloitte – Corporate Finance Advisory
As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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