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New Deal


Announced

Completed

Westpac Banking completed the acquisition of BT Financial Group.

Financials

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

Tags

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Diversified Financials

Domestic

Friendly

Completed

financial services

Private

Single Bidder

Acquisition

Majority

Australia

Synopsis

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Westpac Banking, a financial services company, completed the acquisition of BT Financial Group, a financial services company. Financial terms were not disclosed. “The completion of the merger and sale has created benefits for BT Super members, new opportunities for our people with a global investment and retirement specialist, and redefined the landscape of superannuation in Australia,” Jason Yetton, Westpac Specialist Businesses Chief Executive.

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