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Announced

Completed

TCV led a £100m Series C round in ­­Allica Bank.

Financials

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Transaction Value£100m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Completed

Venture Capital

Single Bidder

Minority

Acquisition

Private Equity

Banks

banking services

sme banking

United Kingdom

Domestic

Private

Synopsis

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TCV, a provider of capital to multi-stage companies in the technology industry, led a £100m Series C round in ­­Allica Bank, a fintech SME challenger bank, with participation from Warwick Capital Partners and Atalaya Capital Management. “It’s a massive vote of confidence in the team we’ve built at Allica to attract backing from such a world-class technology investor under the toughest of market conditions, and this £100m funding round will enable us to support far more of Britain’s established and growth companies, who have been underserved for too long,” Richard Davies, Allica Bank CEO.

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