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Announced

Equitable Bank to acquire Concentra for $371m.

Financials

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Transaction Value£273m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank holding company

Private

Banks

Pending

Majority

Canada

Domestic

Friendly

Acquisition

Single Bidder

Synopsis

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Equitable Bank, a Canadian bank which primarily provides residential and commercial real estate lending services, agreed to acquire Concentra, a provider of lending and investment solutions, for $371m. "We are delighted to join Equitable in its Challenger Bank quest. This powerful combination of capabilities and services is right for our employees, customers and community partners and creates opportunity for our team to excel as part of an award-winning Canadian bank that shares our commitment to innovation," Don Coulter, Concentra President and CEO. 29.09.2022 Equitable Bank obtains Minister of Finance approval for acquisition of Concentra Bank.

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