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Announced

20 Oct 2022

Heartland Group to acquire Challenger Bank from Challenger for $36m.

Synopsis

Heartland Group, a financial services group, agreed to acquire Challenger Bank, a retail bank, from Challenger, an investment management firm, for $36m.

Principals

target

Challenger Bank

bidder

Heartland Group

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Market Context

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Seller Team (1)

mark ellis

CEO at CHALLENGER BANK

Manager

target

Deal

£ 30 M

Total Value

Bidder Team (8)

michael carroll

Senior Associate at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 2.18 B

Total Value

madeleine kulakauskas

Special Counsel at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 4.46 B

Total Value

andrew dixson

CFO at HEARTLAND GROUP

Manager

bidder

Deals

£ 152 M

Total Value

stephen price

Chairman at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 2.40 B

Total Value

kendra turner

Lawyer at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 1.77 B

Total Value

nicola foley

Group Head of Communications at HEARTLAND GROUP

Manager

bidder

Deal

£ 30 M

Total Value

isaac lin

Special Counsel at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 2.44 B

Total Value

chris bell

Senior Associate at Corrs Chambers Westgarth

Lawyer

bidder

Deals

£ 2.83 B

Total Value

Vendor Team (3)

nick hamilton

CEO at CHALLENGER LIMITED

Investor

vendor

Deal

£ 30 M

Total Value

philippa stone

Partner at Herbert Smith Freehills

Lawyer

vendor

Deals

£ 46.31 B

Total Value

david tilley

Solicitor at Herbert Smith Freehills

Lawyer

vendor

Deals

£ 856 M

Total Value

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