Ithuba Capital leads the sale of VB-Leasing Poland and Romania to a successful closing

VB-Leasing International (VBLI), joint-venture between Österreichische Volksbanken-AG (VBAG) and German VR-Leasing AG, successfully sold its subsidiaries in Poland and Romania to Polish Getin Holding S.A. Closing took place on 09 September 2014. At closing, Getin Holding replaced 100% of the shareholder funding of the two companies at par (including accrued interest). In 2013, total assets stood at EUR 692 million for VB-Leasing Poland and at EUR 132 million for VB-Leasing Romania.

Ithuba Capital acted as financial advisor to the seller and will continue to advise VBAG and VR-Leasing in the ongoing sale of VBLI’s remaining subsidiaries in Bosnia-Herzegovina, Croatia, Slovakia, Slovenia and Serbia.

The transaction was accompanied by Thomas Mayer, Sascha Bakry, Matthias Lauermann and Marlene Johler.