NIBC Corporate Banking Food & Retail NL succesfully closed a financing facility with Jumbo Groep
NIBC Corporate Banking Food & Retail NL is happy to announce the successful closing of a participation in a credit facility for Jumbo Groep, a key client of NIBC since 1999. The purpose of the facility is to refinance existing debt and, most importantly, to partly finance the acquisition of C1000 by Jumbo.
Family owned Jumbo was founded in 1921 and has grown to a leading customer-focused full service/low price retail concept, with national coverage, in the Dutch food retail market. Pre C1000 acquisition, Jumbo was the number 3 player in this market with an impeccable growth track record and a proven successful full service/low price formula. With the acquisition of nr 2 player C1000, the combination will further leverage on scale advantages and will be a solid number 2 player in the Dutch food retail market.
This deal further confirms NIBC's important role and in-depth expertise in the Dutch food retail market.