Announced
Financials
Tags
banking
Pending
Acquisition
Majority
financial services
Friendly
mobile banking software
Australia
Domestic
Single Bidder
FinTech
Private
Synopsis
Challenger, an investment management firm, agreed to acquire MyLife MyFinance, a banking operation of Togethr Trustees-backed Catholic Super, an Australian industry superannuation fund, for $26.4m. “The integration is progressing well. The bank distribution strategy is focused on building early momentum with direct to consumer capability. We will also broaden the bank’s lending capability to support returns," Richard Howes, Challenger Managing Director and CEO. On July 29, 2021, Challenger received an approval from the Federal Treasurer for the acquisition of MyLifeMyFinance.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.