M&A Deal Summary

DNB Bank ASA Acquires Skandiabanken Bilfinans AS

On October 23, 2007, DNB Bank ASA acquired financial services company Skandiabanken Bilfinans AS from Sbanken for 2.3B SEK

Acquisition Highlights
  • This is DNB Bank ASA’s 1st transaction in the Financial Services sector.
  • This is DNB Bank ASA’s largest (disclosed) transaction.
  • This is DNB Bank ASA’s 1st transaction in Norway.

M&A Deal Summary
Date 2007-10-23
Target Skandiabanken Bilfinans AS
Sector Financial Services
Buyer(s) DNB Bank ASA
Sellers(s) Sbanken
Deal Type Divestiture
Deal Value 2.3B SEK

Target

Skandiabanken Bilfinans AS

Fyllingsdalen, Norway
Skandiabanken Bilfinans AS is a provider of car financing services in Norway and Sweden. The business today comprises some 115,000 customer contracts and includes an aggregate credit portfolio of approximately SEK 13 billion.

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Buyer(S) 1

Buyer

DNB Bank ASA

Oslo, Norway
Category Company
Founded 1822
Sector Financial Services
Employees10,505
DESCRIPTION

DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DNB’s bank branches in Norway, in-store postal and banking outlets, Post office counters, Internet banking, mobile services and international offices.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 1
Country (Norway) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance

Oslo, Norway

SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance is a distributor of insurance via banks.

Buy -

Seller(S) 1

SELLER

Sbanken

Bergen, Norway
Category Company
Founded 2000
Sector Financial Services
Employees333
Revenue 1.9B NOK (2020)
DESCRIPTION

Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Quantfolio ASA

Bergen, Norway

Quantfolio ASA is a developer of a machine learning software for selecting the best savings products through a quantitative approach. By applying AI and algorithms on historical financial data, The company offer consulting and development for banks who wish to implement dynamic portfolios which regularly chooses the best products for their customers.

Buy -
Mergr

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