Freshfields advises RNHB BV on its acquisition of a €1.3bn loan portfolio from FGH Bank NVFreshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised RNHB BV (‘RNHB’), an experienced specialist in financing investment property, on its acquisition of a commercial real estate loan portfolio of approximately €1.3bn from FGH Bank NV (‘FGH’), a real estate bank specialising in commercial real estate financing.
RNHB is based in the Netherlands and is owned by a consortium between (i) funds managed by CarVal Investors and (ii) Arrow Global Group Plc. CarVal Investors is a leading global alternative investment manager. Arrow Global Group Plc is a leading European credit management services provider. FGH operates as a subsidiary of Coöperatieve Rabobank UA.
The transaction has enabled RNHB to expand its loan portfolio and customer base, and is consistent with its ambition to grow its business of financing a range of real estate investments in the Netherlands.
Freshfields advised on the acquisition, financing arrangements, competition, employment and certain regulatory aspects of the acquisition.
Partner Mandeep Lotay led the transaction from a corporate and finance perspective. Partner Brechje Nollen advised on employment, with partner Onno Brouwer advising on anti-trust aspects of the deal. Partners Christopher Barratt and Thijs Flokstra supported from a finance perspective.
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