.
MergerLinks Header Logo

New Deal


Announced

Completed

WebBank completed the acquisition of a minority stake in Avant for $250m.

Financials

Edit Data
Transaction Value£210m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

IT Services: Other

United States

technology company

it services

Minority

Friendly

Private

Domestic

Completed

Single Bidder

Synopsis

Edit

WebBank, a bank, completed the acquisition of a minority stake in Avant, a provider of access to a full suite of digital financial solutions, for $250m. “WebBank and Avant have a longstanding partnership driving access to capital to consumers through multiple innovative credit products including the Avant Credit Card. The Bank is pleased to provide an additional investment in the Avant Credit Card program to provide the necessary capital for long-term growth," Jason Lloyd, WebBank President & CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US