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New Deal


Announced

Completed

Bain Capital led a $147m series E funding round in Judo Bank.

Financials

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Transaction Value£118m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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banking industry

Minority

Completed

Banks

Acquisition

Single Bidder

Australia

Private

banking services

Friendly

consumer lending

Private Equity

Venture Capital

Synopsis

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Bain Capital led a $147m series E funding round in Judo Bank, a banking service provider. Other investors include Myer Family Investments, Abu Dhabi Capital Group, SPF Investment Management, OPTrust, Ironbridge Capital and Tikehau Capital. “The support we’ve received for our third round, at an increased valuation to our second round capital raise last year, underscores the confidence and commitment our existing investors have in Judo, particularly at a time of extreme volatility in global markets, that has impacted all bank valuations,” David Hornery, Judo Bank Co-Founder and CEO.

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