Acquisition of Nationale Borg by Egeria and HAL Investments
Nationale Borg has been acquired by Egeria and HAL Investments. Nationale Borg is a specialist provider of guarantee insurance, including customs bonds. De Nationale Borg has been active for more than 110 year and has been a subsidiary of ING Group since 1990. It posted a net profit after tax of Euro 15.2 million in 2006 with a gross written premium of over Euro 62 million.
HAL Investments is an international investment company listed at the Euronext Amsterdam. Some portfolio companies are Pearle, Trespa, Vopak, Univar, Boskalis and PontMeyer.
Egeria is a fully independent Dutch private equity firm, targeting controlling stakes in mid-market companies with enterprise values typically between Euro 50 and Euro 200 million, with strong and stable cash flows.
PhiDelphi acted in this transaction as advisor to the management.