Case Study: TBI Rent

Sell-Side Advisory

  • TBI Rent was the largest independent vehicle operating leasing provider in Bulgaria, owned by TBI Bank, a niche local commercial bank.
  • In 2016 TBI Bank was acquired by 4finance Holding, one of Europe’s largest online consumer
  •  lending groups operating in 14 countries, with the goal of entering the Bulgarian retail lending market.
  • In line with this strategy, TBI Bank chose to divest its non-core TBI Rent operation.
  • SORTIS Invest was selected in a beauty contest as the exclusive financial advisor of TBI Bank for the sale of TBI Rent.
  • SORTIS managed the entire sale process from preparing the transaction documents, through deal marketing, to non-binding and binding offers evaluation, negotiations and closing.
  • Both local and international bidders were attracted for a very competitive process.
  • Deal was signed two weeks ahead of schedule.
  • Sale price significantly exceeded Seller’s original target.