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Announced

Completed

Toscafund Asset Management and BBVA led a £40m round in Atom bank.

Financials

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Transaction Value£40m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Acquisition

Banks

online banking

United Kingdom

Minority

Private Equity

Friendly

Private

Synopsis

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Toscafund Asset Management and BBVA led a £40m round in Atom bank, a banking firm. “On the back of our best year ever and with really strong momentum baked into the business, this raise will accelerate our progress even further during 2021, and prepare us for the next stage in our growth and development prior to IPO, which we anticipate taking place in the next two years or so," Mark Mullen, Atom CEO.

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