Experienced private owners for HSH – remaining legacy assets to be carved out
HSH Nordbank AG is to become a corporate bank with entirely private shareholders, including independent affiliates of Cerberus European Investments, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG. The federal state owners Hamburg and Schleswig-Holstein and the Savings Bank Association of Schleswig-Holstein have concluded a contract to sell all of their indirectly held HSH Nordbank AG shares (in total 94,9 percent), thus achieving the first successful privatisation of a federal state bank in Germany.
Infrastructure - HSH focuses on new growth market areas
HSH Nordbank is increasingly backing the growth sectors of broadband, energy contracting and storage in the European infrastructure market - and its efforts have met with success: “In these parts, the competition on this highly attractive market is mainly international. But I see us as the leading domestic name,” said Dr. Marcus Kleiner, Head of Infrastructure & Rail at HSH Nordbank.
HSH Nordbank to finance Brotorp wind farm in Sweden for BlackRock
HSH Nordbank will provide the investor BlackRock with a long-term loan amounting to about € 31 million to refinance the Brotorp wind farm in southern Sweden. The farm with 14 Vestas 126 type wind turbines and a total capacity of 46.2 megawatts (MW) has been in operation since December 2015.
HSH succeeds in entering the Portuguese market with the refinancing of 2 solar plants
HSH Nordbank will provide the independent French energy producer Neoen long-term loans amounting to about € 30 million to refinance two solar plants in Portugal.
HSH financing Carrickallen wind farm project in the Republic of Ireland
HSH Nordbank is providing Galetech Energy Developments (GED) with long-term finance amounting to about € 43 million for construction of the Carrickallen wind farm project in the Republic of Ireland.
Growth in income and new business for HSH Nordbank
Based on operating successes, considerable progress in reducing costs and legacy assets while showing strong capital ratios, HSH Nordbank is well prepared for its upcoming privatisation: Group pre-tax profit up to the end of September rose to € 201 million (January - September 2016: € 183 m).
HSH Nordbank finances a portion of the Q-Park acquisition for KKR
HSH Nordbank is making available to investment firm KKR a portion of the Q-Park acquisition finance and revolving facility totalling around EUR 1.4 billion as a mandated lead arranger in a global syndicate.
HSH finances Europe’s largest wind farm: Electricity for 500,000 households
HSH Nordbank as part of a syndicate of banks is financing Europe’s largest wind farm installation with an amount of Euro 500 million, the 650-MW Mark-bydgen ETT project in North Sweden. In addition to HSH Nordbank, the syndicate includes Nord LB, KfW IPEX, the EIB and Euler Hermes. On completion, the wind farm will have a total capacity of 650 megawatts (MW) - a volume large enough to supply well in excess of 500,000 households with power for one year.
HSH Nordbank provides financing for Zenium data centres in Frankfurt
HSH Nordbank, acting as an agent and security agent made available together with Banco Santander, NIBC Bank and ING Bank, senior-secured credit facilities of EUR 100 million to Zenium. This will enable the company to refinance its existing Frankfurt One data centre in Frankfurt am Main and finance the construction and fit-out of Frankfurt Two, its second data centre in Germany. The two data centres will have a capacity of 27 MW in IT performance.
Several binding bids for HSH Nordbank – final negotiations starting
The federal state owners Hamburg and Schleswig-Holstein say that several binding bids for the entire Bank have been received in due time. Following the indicative bids made in March and June of this year, a crucial milestone on the way to privatisation has thus been reached.
HSH with positive half-year result as Group pre-tax profit rises to € 173m
Group-wide, HSH Nordbank increased its pre-tax profit slightly in the first six months, mainly driven by solid growth of new business in all its business areas and despite a massive further reduction of its legacy cluster risks.
HSH Nordbank finances shopping center portfolio “Christie” for Madison and Redos
HSH Nordbank has successfully refinanced a portfolio of four shopping centers, located in Germany, for a joint venture led by Madison International Realty, in partnership with the Redos Group. The existing loan on the property at the time of the “Christie portfolio” acquisition was assumed by Madison and is now being replaced by HSH Nordbank. The portfolio was acquired near the end of 2016. The loan amount was not disclosed.
HSH Nordbank finances office real estate portfolio in western Germany
HSH Nordbank is providing the Cording Real Estate Group (Cording) with finance of € 93 million to purchase a real estate portfolio. Cording is acquiring the portfolio on behalf of a joint venture between Danish fund manager Sparinvest Property Investors and family office Esas Properties from Turkey. The purchase price totals around € 143 million.
HSH Nordbank issues public-sector Pfandbrief in the amount of € 500 million
HSH Nordbank is continuing its Pfandbrief strategy with the successful issue of a public-sector Pfandbrief with a three-year term. The benchmark bond is in the amount of EUR 500 million and is backed by loans to the public sector. Rating agency Moody's has given the Pfandbrief a rating of Aa2.
HSH Nordbank participates in the refinancing of Cory Riverside Energy
HSH Nordbank is participating as a mandated lead arranger in the refinancing of Cory Riverside Energy, one of the leading companies in recycling, waste processing and energy recovery in the UK, for the Riverside waste-to-energy plant in Belvedere in London's south-east. The volume of the entire refinancing is around GBP 520 million, of which HSH Nordbank is making available GBP 47 million.