Financial advisor for Sparekassen Himmerland and Sparekassen Hobro in the merger of Jutlander Bank
January 4, 2014
ATRIUM advised the listed bank, Sparekassen Himmerland, and non-listed savings bank, Sparekassen Hobro, in connection with the merger of the two institutions. The merger is the first between a listed financial institution and a non-listed savings bank where the listed financial institution is the continuing company.
ATRIUM advised the listed bank, Sparekassen Himmerland, and non-listed savings bank, Sparekassen Hobro, in connection with the merger of the two institutions. The merger is the first between a listed financial institution and a non-listed savings bank where the listed financial institution is the continuing company.
The merged bank will be named Jutlander Bank and will have 97,000 customers, total assets of over DKK 14 bn, equity of approx. DKK 2.4 bn and a solvency ratio of 16.4 %.
The merger will create a strong local bank that will be even stronger in the future. The merger differs from various previous mergers in the financial sector in that the two banks merged not because of forced circumstances but to secure a strong local bank for the future.
ATRIUM handled the preparation of the merger document within a very limited time frame determined by regulatory deadlines. Furthermore, ATRIUM verified the exchange ratio for the guarantee capital into shares and carried out certain financial due diligence in the two banks.
Den betroede partner
Financial advisor to Wismo Group in the sale of Quickpoint to OGV
Financial advisor to BU Bregal Unternehmerkapital in the acquisition of SwipBox
Exclusive Financial Advisor to Rambøll in the acquisition of Envidan
Exclusive financial advisor to TestaViva in the sale to management and Dansk Ejerkapital
Financial advisor to BU Bregal Unternehmerkapital in the acquisition of Uniconta
Exclusive financial advisor to KN Helicopters in the sale to Avincis
Financial advisor to Bluestar PLM in the sale to Volpi Capital
Financial advisor to Spica Technology in the sale to Ernströmgruppen
Advisor to Quality Pellets in the sale to the Danish private equity firm, Executive Capital
Financial advisor to K.W. Bruun & Co in the sale of K.W. Bruun Import and K.W. Bruun NxT to Global Auto Holdings Limited
Shall we discuss
your opportunities?
Successful M&A processes are built on experience, trust, and chemistry. Therefore, let's start with a non-binding discussion of your opportunities.
ATRIUM Partners A/S
