.
MergerLinks Header Logo

New Deal


Announced

Ally Financial to acquire CardWorks for $2.7bn.

Financials

Edit Data
Transaction Value£2,037m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Consumer Lending

Acquisition

Private

Majority

Single Bidder

consumer lending

Pending

consumer finance

Friendly

Private Equity

Synopsis

Edit

Ally Financial, a bank holding company organized in Delaware and headquartered in Detroit, agreed to acquire CardWorks, a consumer finance lender and servicer, for $2.7bn. "CardWorks represents an industry-leading credit card platform in the US, and this acquisition serves as an important milestone in Ally's evolution to be a full-service financial provider for our customers," Jeffrey J. Brown, Ally CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US