Private Placement Easybank ASA
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March 2016 – Private Placement Easybank ASA
About the deal
In 2016 Bryan, Garnier & Co acted as sole manager in a private placement and subsequent repair offering totaling NOK 200m.
The transaction enabled EasyBank to transform from a traditional commercial bank to a niche player within consumer finance and car finance.
Deal team
Erik Furnes | Managing Director | Oslo | Investment Banking | efurnes@bryangarnier.com
Ole Magnus Broch Tenstad | Director | Oslo | Investment Banking | otenstad@bryangarnier.com
Kristian Melandsø | Vice President | Oslo | Investment Banking | kmelandso@bryangarnier.com
About EasyBank
EasyBank was founded as Verdibanken in 2003 as a commercial bank focusing on Christian values. After a successful equity issue of NOK 52m in December 2015, the bank finalized its restructuring process and decided to focus exclusively on consumer- and car financing. The transaction of NOK 200m provided the bank with a buffer to the regulatory capital requirements and enables EasyBank to grow significantly within the new segments.