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New Deal


Announced

Completed

Toscafund completed the acquisition of a minority stake in Oaknorth from Indiabulls Housing Finance for $85m.

Financials

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Transaction Value£67m
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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Private Equity

Completed

Minority

Domestic

Banks

property and business lending

United Kingdom

Acquisition

Friendly

Private

Single Bidder

Synopsis

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Toscafund Asset Management, a London based investment firm, completed the acquisition of a minority stake in Oaknorth Bank, a UK bank for small and medium-sized companies, from Indiabulls Housing Finance, an Indian conglomerate, for $85m. The sale proceeds will be accretive to the regulatory net worth and the capital-to-risk weighted assets ratio of Indiabulls Housing Finance.

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