NIBC Bank N.V. signed an agreement to acquire Gallinat-Bank AG from Albis Leasing AG (DB:ALG) for €15.1 million on March 12, 2014. In a related transaction, Albis Leasing AG acquired ALBIS HiTec Leasing AG from Gallinat-Bank AG for €27.4 million. Gallinat-Bank reported total assets of approximately €650 million in 2013.

The transaction is subject to approval of several regulators. The transaction is expected to close within next two months. The transaction was approved by BaFin, German Federal Financial Supervisory Authority on April 11, 2014.

Ernst Berger, Bastiaan Blokland, Ivo Groen in 't Woud and Damiaan van Ballegooijen of NIBC Bank N.V. acted as financial advisor for NIBC Bank N.V. Christian von Lenthe of CMS Hasche Sigle acted as legal advisor for Albis Leasing. Martin Kaiser, Oliver Socher, Sahra Demirbilek, Constantin Bettermann and Stephan Lehnen of Baker & McKenzie acted as legal advisor for NIBC Bank. KPMG Corporate Finance N.V. acted as financial advisor to NIBC Bank.