Aquiline Capital Partners Invests in 5.1% of the Shares of Binckbank N.V
New York, April 22, 2008 - Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, today announced it has made an investment in 5.1% of the outstanding shares of BinckBank N.V. (“BinckBank”), an online bank for investors based in the Netherlands. The investment is made through a wholly-owned subsidiary of the Aquiline Financial Services Fund L.P. and its affiliates.
“The recent acquisition of Alex Beleggersbank, the former online brokerage subsidiary of Rabobank, has transformed BinckBank into the market leader for online banking for investors in the Netherlands, ranking it among the most profitable in all of Europe,” said Geoffrey Kalish of Aquiline. “We look forward to supporting the Company’s further expansion and creation of additional value for shareholders.”
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance, and transaction processing. Aquiline seeks to add value to its portfolio companies through strategic, operational, and financial guidance.