With the sale of the IKB Leasing Group, IKB increases the focus on its core business with upper mid-market companies.

IKB Deutsche Industriebank supports medium-sized enterprises with loans, risk management, capital market services and advisory services.

IKB Leasing has approximately 23,000 customers with more than 67,000 leases, primarily to SMEs.

Based in Hamburg, the IKB Leasing Group consists of 14 leasing companies in 10 European countries and has approximately 500 employees.

HPS, through its European asset value funds, invests in financial asset portfolios and platforms with origination and servicing capabilities.

It is seeking to take advantage of strategic shifts in the European specialty finance sector, where regulatory-induced deleveraging may be leading banks to divest of capital intensive and non-core portfolios and platforms.

Established in 2007, HPS has more than 260 employees and is headquartered in New York with 11 additional offices globally. It has approximately $41 billion of assets under management.