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New Deal


Announced

Completed

K3 Ventures, GSR Ventures and Hambro Perks led a $601m round in Abound.

Financials

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Transaction Value£500m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Consumer Lending

consumer lending

Completed

Cross Border

Private Equity

Private

Venture Capital

Acquisition

Single Bidder

Friendly

United Kingdom

Synopsis

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K3 Ventures, GSR Ventures and Hambro Perks, three investment firms, led a $601m round in Abound, a consumer lending service. “The lending industry is dominated by old practices, like traditional credit scoring, which ignore technological developments of the last decade. Abound is delivering a unique product and a differentiated approach which is already proving itself to work for thousands of customers. We are excited to see Abound’s offer grow in the years ahead," Kuok Meng Xiong, K3 Ventures CEO.

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