VB-Leasing International (VBLI), a joint-venture between Österreichische Volksbanken-AG (VBAG) and German VR-Leasing AG, successfully sold its leasing subsidiary in Slovakia to CSOB Leasing, a subsidiary of Belgian KBC Group. VB-Leasing Slovakia (VBL SK) is one of the leading leasing companies in Slovakia with total assets of ca. EUR 160 mln. VBL SK was the fourth subsidiary of VBLI sold with Ithuba Capital serving as lead advisor following the sale of VB-Leasing Poland and VB-Leasing Romania to Getin Holding and VB-Leasing Czech Republic to GE Capital last year.
With the latest closing, VBAG and VR-Leasing have reached another milestone in the strategic disposal process for VBLI. Ithuba Capital will continue to advise VBAG and VR-Leasing on the ongoing sale of VBLI’s remaining subsidiaries in Bosnia-Herzegovina, Croatia, Slovakia, Slovenia and Serbia.
Ithuba Capital’s team consisted of Thomas Mayer, Matthias Lauermann and Marlene Johler.