SUPER DE BOER / JUMBO

The acquisition of Dutch supermarket group Super de Boer by its rival Jumbo was a landmark transaction – and not just for the sector. NIBC proved its agility by playing a two-pronged role: acting as M&A adviser to Super de Boer and closing a EUR 700 million senior debt facility for Jumbo to finance the takeover.

 

 

For our M&A team, the deal was the culmination of two and a half years advising Super de Boer on its strategic options. When Jumbo emerged as a potential partner, we used our deep market knowledge and M&A capabilities to orchestrate an efficient process. That optimised the transaction terms for all Super de Boer’s stakeholders and got the acquisition completed in a very short and intensive period.

 

“NIBC moved swiftly and decisively when it mattered. They were there with strategic and tactical advice all the way – whenever we needed them,” says Jan Brouwer, CEO of Super de Boer.

 

Our track record in the food retail sector is also evident in our relationship with Jumbo, to whom we have been a house bank since 2002. This firmly-established connection brought us the opportunity to help finance Jumbo’s acquisition of Super de Boer – the largest transaction for NIBC Corporate Lending last year. Our short communication lines enabled us to complete the paperwork fast and efficiently and to assure Jumbo of credit.

 

“NIBC has a solid track record of quality and swiftness serving our needs, yet they even exceeded our expectations in terms of their commitment, speed and the flexibility of their internal process,” says Ton van Veen, CFO of Jumbo.