NautaDutilh has advised J.C. Flowers & Co, the controlling shareholder of NIBC Holding N.V. (representing 60.6% of the shares), on the private share sale transaction with Blackstone and the recommended all-cash public offer by Blackstone for all NIBC shares. The transaction values NIBC at approximately EUR 1.36bn.
The transaction provides minority shareholders of NIBC with a compelling cash price at a premium to NIBC’s all-time high trading price, while at the same time facilitating an exit for JCF. NIBC is appreciative of the support and stewardship it has received from its controlling shareholder JCF for over 15 years, including by facilitating this transaction, and the collaborative effort of JCF and its representatives to grow NIBC into the business it is today. The transaction is subject to obtaining the required competition and regulatory clearances.
Leo Groothuis, Stefan Wissing and Ernst van der Touw advised J.C. Flowers & Co.