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New Deal


Announced

Completed

Boubyan Bank completed the acquisition of BLME for $158m.

Financials

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Transaction Value£118m
Consideration TypeCash
Capital Owned28%
Capital Bid For72%
EV/Sales-
EV/EBITDA-
Share Price Premium75%
One Off Charge-

Synopsis

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Boubyan Bank, a Kuwait Islamic bank, completed the acquisition of Bank of London and The Middle East, an independent UK wholesale Sharia’a compliant bank and the largest Islamic bank in Europe, for $158m. "We would like to note that no firm or binding offer has been made and therefore there can be no certainty at this stage that an offer will ultimately be made for BLME," Boubyan Bank.

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