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New Deal


Announced

Completed

NatWest Group completed the acquisition of an 85% stake in Cushon for £144m.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For85%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

United Kingdom

Friendly

Single Bidder

Acquisition

fintech

FinTech

Private

Completed

Synopsis

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NatWest Group, a major retail and commercial bank, completed the acquisition of an 85% stake in Cushon, a fintech workplace savings and pension company, for £144m. “This is the next exciting chapter for a great British fintech as we join forces with a great British bank. Together with NatWest Group, we can’t wait to drive more positive disruption and innovation in workplace savings and pensions, and help millions more people across the UK build a feel-good future. What a great success story for the UK fintech sector!” Ben Pollard, Cushon CEO and Co-Founder.

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