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New Deal


Announced

Completed

Abanca completed the acquisition of Targobank from Credit Mutuel.

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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Private Equity

Single Bidder

Banks

Friendly

Majority

banking

Acquisition

Private

Spain

Domestic

Completed

Synopsis

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Abanca, a banking services provider, completed the acquisition of Targobank, a bank, from Credit Mutuel, a private equity firm. Financial terms were not disclosed. "The purchase would consolidate ABANCA's presence throughout the Iberian Peninsula, by significantly reinforcing our activity in the Mediterranean arc, following our Strategic Plan," Juan Carlos Escotet Rodríguez ABANCA President.

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