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Announced

NLB to acquire Summit Leasing from Apollo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Rental Services: Consumer

Private

Pending

vehicle leasing

Slovenia

Acquisition

Domestic

Majority

Friendly

Single Bidder

Private Equity

Synopsis

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Nova Ljubljanska Banka, a banking and financial group in Slovenia, agreed to acquire Summit Leasing, a provider of auto finance in Slovenia, from Apollo, a provider of alternative asset management and retirement solutions. "That the time has come for further growth of the NLB Group, albeit inorganic, should come as no surprise to anyone who has closely followed our development over the past few years. We have namely repeatedly emphasized that we are constantly monitoring market conditions and analysing potential opportunities for tactical mergers and acquisitions, that could open new opportunities or potentially even new markets to us, but above all increase added value for our stakeholders and provide our clients with additional services and solutions," Blaž Brodnjak, NLB CEO.

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