Regulator raises price rise concerns over Vodafone and Three merger

17th September 2024 Consumer Collections | #merger

The UK Competition and Markets Authority (CMA) has released its provisional findings on the proposed merger between Vodafone and Three, raising concerns that the deal could lead to higher prices and reduced service quality for millions of UK mobile customers.  The investigation, led by an independent inquiry group, has provisionally concluded that the merger would…

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Coventry Building Society agrees £780m takeover of Co-operative Bank  

29th May 2024 Consumer Lending | #merger

Coventry Building Society has agreed to a takeover of the Co-operative Bank for £780 million under the agreement the firms have signed a share purchase agreement under which the building society will acquire the entire issued share capital of Co-operative Bank.   The combined group will be led by the mutual’s chairman David Thorburn and…

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PKF Smith Cooper acquires BLB

4th April 2024 Insolvency | #featured#merger

Midlands-based accounting and advisory firm PKF Smith Cooper (PKFSC) has acquired West Midlands insolvency boutique BLB Advisory. BLB’s Director and owner Brett Barton and seven team members will join PKF Smith Cooper as part of the acquisition. The acquisition will see the PKF Smith Cooper team gain a further 80 years of experience and expertise…

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Nationwide agrees deal to buy Virgin Money 

8th March 2024 Consumer Lending | #merger

Nationwide Building Society has had an all-cash bid for Virgin Money accepted. The move that will make Nationwide the UK’s second-largest mortgage provider, leapfrogging Natwest. Nationwide will pay 220p per share comprising 218p per share cash plus a 2p dividend in a deal that values Virgin at £2.9 billion, a 38% premium to Wednesday’s close.…

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MoneyPlus Group acquires InControl Debt Solutions

14th April 2023 Company News | #merger

Manchester-based MoneyPlus Group, parent company for the brand MoneyPlus Advice has announced that it has completed the purchase of Exeter-based InControl Debt Solutions. This is the second acquisition for MoneyPlus Group this year after acquiring Bright Oak in February. The deal will see InControl’s customers managed under the MoneyPlus Advice brand. Following a detailed due…

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MoneyPlus Group acquires Bright Oak

Debt solution company MoneyPlus Group has announced that it has completed the purchase of debt advice management specialist Bright Oak. MoneyPlus Group has received substantial investment over the last 2 years from both Intriva Capital and Oak North Bank and has spent that time fine-tuning internal operations ready for significant scaling. There is no firm…

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Zopa acquires BNPL firm DivideBuy

Zopa has announced that it is set to acquire buy now pay later (BNPL) specialist DivideBuy. Dividebuy provides point-of-sale (POS) finance technology and lending platforms. The transaction, which will complete in the next few months, marks Zopa’s first acquisition and follows just weeks after the digital lender raised a £75 million to fund acquisitions. DivideBuy…

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Mitek acquires HooYu for £98m

28th March 2022 Company News | #merger

Digital identity (ID) verification and fraud prevention, specialist Mitek has announced the acquisition of KYC (know your customer) technology specialist, HooYu. The United Nations (UN) estimates that up to three percent of the world’s GDP – or nearly two trillion dollars – is money laundered annually. The increased regulatory eye, together with the rise in…

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Arrow Global Group acquires stake in real estate specialist

13th January 2022 Company News | #merger

Arrow Global has announced that it has acquired a significant minority stake in Maslow Capita, a provider of UK real estate development finance. Arrow says that the acquisition will help the existing Maslow management team, led by Chairman Marc Rose and CEO Ellis Sher, accelerate their ambitions to capitalise on opportunities in real estate development…

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Tandem Bank to acquire Oplo

12th January 2022 Company News | #merger

Tandem Bank has announced it is acquiring consumer lender, Oplo with the merger aiming to create a fairer, greener digital bank for UK consumers. The newly combined business will create a leading digital bank with £1.2 billion of total assets supported by £1 billion of funding with more than 171,000 customers. Tandem’s CEO Susie Aliker…

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BM Advisory and Moorfields agree merger

29th November 2021 Insolvency | #merger

Independent restructuring and advisory firms BM Advisory and Moorfields Advisory have announced a merger, enhancing their ambitious growth plans and providing a strong all-round service proposition to the market across the UK. The merged businesses will continue to operate under the Moorfields Advisory brand, bringing together two like-minded practices with a shared ethos of partner-led…

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