Clifford Chance

Clifford Chance advises NIBC Bank NV on the sale of its North Westerly CLO management activities to Aegon Asset Management

1 May 2023

• Jeroen Thijssen, Julia Tsybina, Kate Wilson, Robin Traas, , , Pascal Borsjé, Jemma Dick, Kritika Vidyarthi, Jessica Littlewood, Robert Villani, Andrew Nelson, Philip Angeloff, Jeff Berman, Alistair Woodland, Florence Wong, Merle van den Berg, Mark-Jan Arends , Jurre Jurriëns, Jurgen van der Meer
• Amsterdam, London

Clifford Chance advises NIBC Bank NV on the sale of its North Westerly CLO management activities to Aegon Asset Management

International law firm Clifford Chance has advised NIBC Bank NV in relation to the sale of its North Westerly Collateralised Loan Obligation (CLO) management activities to Aegon Asset Management.

The sale comprises NIBC’s North Westerly CLO platform in its entirety, including the NIBC CLO team, collateral management of three outstanding CLOs with assets under management of circa
EUR 1.2 billion and associated risk retention positions in the three CLOs for an undisclosed consideration. The transaction is expected to complete in June 2023. Read more about the transaction.

This transaction builds on Clifford Chance's market-leading Corporate M&A and structured finance practices and broad expertise advising on complex and innovative transactions in the financial institutions sector.

The Clifford Chance team was jointly led out of Amsterdam and London and the core team consisted of Jeroen Thijssen, Julia Tsybina, Kate Wilson, Robin Traas, Sophie Riemer, Leen Kranenburg, Pascal Borsje, Jemma Dick and Kritika Vidyarthi. The wider team consisted of Jessica Littlewood, Robert Villani, Andrew Nelson, Philip Angeloff, Jeff Berman, Alistair Woodland, Florence Wong, Merle van den Berg, Mark-Jan Arends, Jurre Jurriëns, Jurgen van der Meer, Michiel Sunderman, Arthur Jeffrey, Simon Corzberg and Eli Bursky.