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Announced

Completed

Ally completed the acquisition of Fair Square Financial for $750m.

Financials

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Transaction Value£543m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Acquisition

Single Bidder

Friendly

Diversified Financials

Private

United States

financial services

Completed

Synopsis

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Ally, a bank holding company, completed the acquisition of Fair Square Financial, a provider of financial services, for $750m. The deal advances Ally’s evolution as the leading digital consumer bank providing frictionless, innovative products to our growing customer base. The acquisition provides Ally with a scalable, digital-first credit card platform. In addition to advancing Ally’s digital offerings, it enhances our ability to grow and deepen customer relationships and provides access to the $1tn credit card market.

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