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New Deal


Announced

Completed

Capital One completed the acquisition of Velocity Black.

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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digital concierge

Digital Services

Majority

Completed

Private

Single Bidder

Acquisition

Cross Border

United Kingdom

Friendly

Synopsis

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Capital One, a bank holding company, completed the acquisition of Velocity Black, a digital concierge services provider. Financial terms were not disclosed. “Capital One is a unique company. Still founder-led, Capital One’s entrepreneurial spirit and customer-first, tech-led culture align beautifully with ours. Its decades of experience disrupting the status quo will be invaluable in further scaling the Velocity Black business. Together we will continue to pioneer best-in-class customer experiences for the digital age," Zia Yusuf, Velocity Black Co-Founder and CEO.

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