Add-on Acquisition • Financial Services

OTP Bank Acquires Nova KBM

On February 6, 2023, OTP Bank acquired financial services company Nova KBM from Apollo Global Management

Acquisition Context
  • This is OTP Bank’s 1st transaction in the Financial Services sector.
  • This is OTP Bank’s 1st transaction in Slovenia.

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M&A Deal Summary

Date February 6, 2023
Target Nova KBM
Sector Financial Services
Buyer(s) OTP Bank
Sellers(s) Apollo Global Management
Deal Type Add-on Acquisition

Target Company

Nova KBM

Maribor, Slovenia
Nova KBM is a universal bank with the longest tradition of banking in Slovenia and with sound reputation at home and abroad. Nova KBM was founded in 1862 and is based in Maribor, Slovenia.
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Buyer Overview 1

Buyer

OTP Bank

Budapest, Hungary

Category Company
Founded 1949
Sector Financial Services
Employees40,241
Revenue 2.71T HUF (2024)
DESCRIPTION

OTP Bank provides commercial banking services to individuals, municipalities, corporations, and enterprises. The company offers retail banking services, including account management and forint account packages; debit cards; internet and mobile banking; and deposits and securities accounts. OTP Bank was founded in 1949 and is based in Budapest, Hungary.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Slovenia 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


Deal Context for Seller #
Overall 65 of 77
Sector: Financial Services 2 of 2
Type: Add-on Acquisition 19 of 25
Country: Slovenia 1 of 1
Year: 2023 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Western Digital

San Jose, California, United States

Western Digital is a developer and manufacturer of storage products that enable people to create, manage, experience and preserve digital content. The Company designs and makes storage devices, networking equipment and home entertainment products under the WD, HGST and G-Technology brands. Western Digital was formed in 1970 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Blume Global

Pleasanton, California, United States

Blume Global is a developer of software package connects asset owners and their users by hosting real time capacity from several major equipment programs spanning 120+ markets in North America. Blume Global was founded in 1994 and is based in Pleasanton, California.

Sell $414M