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Annual Report 2017

Welcome to the NIBC Annual Report 2017 website, where you will find out more about our focused mid-market corporate and retail client offering, our financial performance, as well is our differentiated approach and client-focused strategy.

2017 has been an extremely strong year for NIBC. Our culture based on three core values, Professional, Entrepreneurial and Inventive, is thriving and propelled by the ‘Think YES’ attitude we are moving full steam ahead. We have the agility to continuously re-invent ourselves and proactively manage the relationship with a growing number of clients in selectively chosen sub-sectors.

It is the tireless dedication and enthusiasm of our employees that allows us the trust of our clients to support them at the moments that matter most in business and life. Looking to 2018, I’m fully confident that we can continue to make a difference at our clients’ most decisive moments and build profitable growth well into the future.

Paulus de Wilt

CEO and Chairman of the Managing Board 

RED Company: new head office for ASICS
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Change in ownership NEIF portfolio company Vopak Terminal Eemshaven
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NIBC brings Advicenne to Euronext Paris
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Financing structure to enable ProXES to pursue further growth
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Client Cases

RED Company

RED Company (REDC) is a Rotterdam based real estate developer. In 2017, REDC was awarded the contract by ASICS to develop and construct its new European head office in Hoofddorp. ASICS is the world famous sport and footwear corporation. The new office building has a state-of-the-art design, is 100% sustainable and flexible in its use. NIBC provided a EUR 40 million construction financing. NIBC was further involved in structuring the transaction and in raising the equity. Key in this successful transaction was the swift execution and documentation.

The financing of the development of the new HQs of ASICS and Danone had to be arranged within a very short time, in addition to the fact that NIBC managed to achieve this, the cooperation was also extremely enjoyable.
Niels Jansen,
Founding partner at RED Company

Vopak Terminal Eemshaven

Vopak Terminal Eemshaven is a strategic oil storage terminal based in Eemshaven, developed in a 50/50 joint venture between Royal Vopak and NIBC European Infrastructure Fund I C.V. (NEIF). Since commissioning in 2011, Vopak Terminal Eemshaven developed into a high quality asset with strong contractual protections and exceptional operational performance. NIBC was mandated to assist Royal Vopak and NEIF, as exclusive financial advisor, with the sale to large infrastructure manager Whitehelm Capital. This flagship port transaction, a cooperation between M&A and I&M, demonstrates NIBC’s cross department advisory skills in addition to NIBC’s investment strategy, being the preferred partner for growth capital in support of mid-market corporates at decisive moments.

Advicenne

In December 2017, NIBC, as Joint Global Coordinator, successfully completed the IPO of pharmaceutical company Advicenne on Euronext Paris. Advicenne raised EUR 28 million, which will enable the commercial launch of its lead drug candidate, ADV7103 in Europe for the treatment of distal Renal Tubular Acidosis, a pediatric kidney disease, as well as the phase III clinical development in the United States.
 
NIBC acted as joint global coordinator, joint lead manager and joint bookrunner in this landmark transaction. With this transaction, our new Life Sciences team achieved an important milestone and paved the way for many more capital market transactions to come. The success of this equity capital markets transaction reflects NIBC´s approach of serving its clients with inventive tailor-made advisory and financing solutions and contributes to our growth ambitions.

Our IPO on Euronext Paris was a very fast process, we were very pleased with the work of all our partners including NIBC’s efficient support. This fundraising is an important milestone for our company which was created 10 years ago.
Luc-André Granier,
CEO Advicenne

ProXES GmbH

Germany based ProXES GmbH unites four European industry leading process technology suppliers under one roof. In Europe, the group is the leading supplier of machines and integrated production facilities for the production and processing of liquid and semi-liquid products for the food, cosmetic and pharmaceutical industries. In July 2017, NIBC Bank Deutschland AG acted as M&A adviser to Capvis Equity Partners AG on the acquisition of a majority stake in ProXES from Deutsche Beteiligungs AG. In addition, NIBC together with Commerzbank and SEB underwrote the EUR 140 million senior secured loan financing in support of the transaction. NIBC was able to prepare a financing structure for ProXES that enabled the company to pursue further growth while it was also well-received in the loan market leading to an oversubscribed book. NIBC was able to do so under strong time pressure driven by a tight bidding deadline for Capvis.

 

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Profit after tax and Return on equity NIBC Holding

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Male Female Ratio NIBC Holding

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Cost/income ratio NIBC bank

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Commercial assets NIBC Holding

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Number of employees NIBC Holding

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Net interest margin NIBC Holding

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Solvency ratios NIBC Holding

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Cost of risk NIBC Holding

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Dividend pay-out ratio NIBC Holding

Key Figures

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