NIBC completes sale of Beequip to Apollo Funds

NIBC announces that it has completed the sale of Beequip to funds managed by affiliates of Apollo Global Management.

Since initiating NIBC’s strategic partnership with Beequip nine years ago, the SME-focused leasing specialist for heavy equipment has consistently shown impressive year-over-year growth. Today, Beequip is an established name in the Dutch equipment market, having expanded its presence internationally and positioned itself well for the next step in its growth journey.

This transaction allows NIBC to concentrate its efforts and invest more in growing its real estate, infrastructure, mortgages, and savings activities, driving progress in these business segments.

NIBC wishes the Beequip team of over 130 dedicated people ongoing success as they continue their journey under the ownership of Apollo Funds.