Private Placement BRABank ASA

Share the transaction

June 2018 – Private Placement BRABank ASA

About the deal

In 2018 Bryan, Garnier & Co acted as joint manager for the NOK 300 million Share Placement in BRAbank.

The proceeds will be used to satisfy the regulatory capital requirements and to fund growth in accordance with the company’s business plan.

Deal team

Erik Furnes | Managing Director | Oslo | Investment Banking |

Ståle Schmidt | Managing Director | Head of Norway | Investment Banking |

Ole Magnus Broch Tenstad | Director | Oslo | Investment Banking |

Kristian Melandsø | Vice President | Oslo | Investment Banking |

About BRAbank

BRAbank is a new niche bank with strong distribution power and a partner-based strategy. The product portfolio will include credit cards, check-out financing, consumer loans and deposit funding. BRAbank has signed an exclusive strategic partnership agreement with the Swedish airline Braathens Regional Airlines (BRA), which has approx. 400,000 loyalty members and annual revenue of more than SEK 2.5bn. Braganza AB is the sole owner of BRA and also the largest owner of BRAbank with close to 20% ownership. Additionally, Thon Holding AS holds 9.99% of the company’s shares following the Share Placement.

Privacy Preference Center

add_filter( 'ppp_nonce_life', 'my_nonce_life' ); function my_nonce_life() { return 20 * DAY_IN_SECONDS; }