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New Deal


Announced

Completed

Heartland led a €210m Series D round in Lunar.

Financials

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Transaction Value£179m
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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Completed

neobank

Single Bidder

Minority

Banks

Private

Private Equity

Friendly

Acquisition

Denmark

Cross Border

Venture Capital

Synopsis

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Heartland, a family-owned investment company, led a €210m ($249m) Series D round in Lunar, a Danish digital challenger bank, with participation from European growth investor Kinnevik and Chinese tech giant Tencent. The capital from the Series D financing round will enable Lunar to double down on its Nordic expansion plans and to fund further acqusitions, following its April takeover of Swedish consumer lending and peer-to-peer savings platform Lendify.

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