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New Deal


Announced

Completed

FirstRand completed the acquisition of Aldermore Group for £1bn.

Financials

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Transaction Value£1,080m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Banks

deposit taking

invoice finance

mortgages

asset finance

Single Bidder

Public

Scheme

Completed

Friendly

United Kingdom

Majority

Acquisition

Synopsis

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FirstRand, a financial services provider in South Africa, completed the acquisition of Aldermore Group, a retail bank which provides financial services to small and medium-sized businesses, for £1bn. FirstRand has been looking to return to developed markets following a rethink of its strategy prompted by slowing growth and rising risks elsewhere in Africa. It already runs MotoNovo, a vehicle financing business, in Britain.

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