Refinancing for Redmore Group

NIBC Leveraged Finance closed a refinancing for new client Redmore Group, a portfolio company of De Hoge Dennen.

NIBC acted as Mandated Lead Arranger in providing the senior debt facilities together with incumbent bank Rabobank. In addition, NIBC will provide part of the Redmore Group’s interest rate hedging. This is our second private equity transaction with Dutch family office De Hoge Dennen. In 2013, NIBC financed the acquisition of a minority stake in Intergas by De Hoge Dennen (and HB Capital).

The Redmore Group consists of the subsidiaries Talent&Pro and Triple A – Risk Finance (‘Triple A’). Talent&Pro is a leading secondment company in the Netherlands, providing highly educated staff (more than 700 people in total) to banks, insurers and pension funds. Talent&Pro serves its clients’ general demand for flexible staff and project-related demand for (i.a.) implementation of new regulation, administrative backlog or IT implementation and migration projects.

Part of the refinancing proceeds of Redmore Group was used to acquire Triple A, which is active in providing strategic advice to insurers and pension funds on risk management and pension matters. Triple A employs close to 70 specialist risk consultants, most of them with an actuarial background.

Going forward, the Redmore Group increasingly aims to be a one-stop-shop for companies in the financial sector; offering both specialist advice and provide highly educated staff for support or project execution in all fields. NIBC looks forward to supporting them in this ambition.