mergers

Natwest enters into an agreement to acquire Sainsbury’s Bank

21st June 2024 Consumer Lending | #mergers

Natwest Group has announces that it has entered into an agreement with Sainsbury’s Bank to acquire the retail banking assets and liabilities of Sainsbury’s Bank which comprises its outstanding credit card, unsecured personal loan and saving accounts. NatWest Group expects to acquire approximately £2.5 billion of gross customer assets, comprising £1.4 billion of unsecured personal…

Vanquis Banking Group acquires fintech firm Snoop

1st August 2023 Consumer Lending | #mergers

Vanquis Banking Group has announced that it has acquired fintech firm Snoop for an undisclosed sum. Snoop provides customers with personalised insights using AI and open banking data to manage their finances. The deal will give Snoop access to Vanquis’ 1.7 million customers. Ian McLaughlin, Incoming Chief Executive Officer, Vanquis Banking Group said “Vanquis Banking…

Shawbrook buys specialist lender Bluestone Mortgages

21st March 2023 Company News | #mergers

Bluestone Group announced that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations to Shawbrook Group for an undisclosed sum. Under the terms of the transaction, Bluestone’s holding company will sell 100% of the shares and its subsidiaries to Shawbrook in a cash and share transaction. The transaction…

Phillips & Cohen Associates to acquire Ardent Credit Services

28th February 2023 Company News | #mergers

Manchester-based deceased account management business, Phillips & Cohen Associates (PCA) has announced that is to acquire Liverpool-based debt recovery and credit management services provider, Ardent Credit Services. PCA says that the move is part of a long-term strategy to expand expertise and scale within the pre and post charge-off collections space in the UK and…

Tide acquires Funding Options

10th February 2023 Business Lending | #mergers

Digital business banking platform, Tide has announced it will acquire Funding Options, subject to FCA approval. Founded in 2011, Funding Options is a leader in SME credit intermediation and has been recognised as a fast-growth scale-up, and has featured in the FT1000, the Financial Times’s annual list of Europe’s fastest-growing companies. The acquisition will give…

Credit Kudos acquired by Apple

24th March 2022 Company News | #mergers

Variious news outlets have reported that open banking specialist, Credit Kudos has been acquired by Apple as it increases its drive into the payments space. Reports suggest that Apple closed the deal with Credit Kudos this week, marking its first move into the UK open banking space, It is predicted that the acquisition could related to a…

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