In Europe, bank suitors are undeterred: deals still percolate despite turbulence in credit markets

Article Abstract:

Although credit markets have been negatively affected by subprime lending, acquisitions continue. Iceland firm Kaupthing Bank HF has bought Dutch competitor NIBC Holding NV from a consortium headed by US private equity company J.C. Flowers and Company L.L.C. in a stock-and-cash deal valued at $4.06 bil.

Netherlands, United States, Economic aspects, Influence, Iceland, Subprime loans, Kaupthing Bank, JC Flowers & Company L.L.C.

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Banca Leonardo buys German advisory firm

Article Abstract:

Italy's Gruppo Banca Leonardo S.p.A. has bought German financial advisory company Drueker and Co. This is the Italian firm's fourth acquisition since it was launched in 2006. Financial terms were not disclosed. Drueker serves the midcap sector, and focuses on buyout advice for private equity companies.

Italy, Investment Banking and Securities Dealing, Germany, Investment Banking, Security brokers and dealers, Investment banks

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