Bluestep Bank has entered into an agreement to acquire Bank2, a Norwegian specialist mortgage bank and refinancing services provider.
Bank2, established in 2005, is under the supervision of the Norwegian Financial Supervisory Authority and has a loan portfolio of approximately NOK 4.5 billion per Q1 2023.
Bluestep Bank, owned by EQT, has entered into an agreement with the largest shareholders in Bank2 and all other shareholders of Bank2 will receive an offer to sell their shares in Bank2 to Bluestep Bank on corresponding terms and conditions. The agreed purchase price amounts to around NOK 1 billion.
The transaction is subject to customary approvals.
Bluestep Bank was advised by Mannheimer Swartling with respect to Swedish law matters in the transaction.