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New Deal


Announced

Completed

BBVA, Toscafund and Infinity completed a £100m in Atom 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-

Tags

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Friendly

Private

Completed

Private Equity

United Kingdom

Banks

online banking

Acquisition

Cross Border

Minority

Synopsis

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BBVA, a multinational financial services company, Toscafund, a specialist investment firm, and Infinity, an independent investment firm, completed a £100m in Atom Bank, an app based bank. I’m delighted with this vote of confidence in Atom from our investors, and to have their ongoing backing is a fantastic boost. This money will be put to work to drive growth and to fuel the development of our franchise. UK customers need better outcomes and better banks. Our vision remains as valid today as it was when we founded the company – change banking for good, for the better, for everyone,” Mark Mullen, Atom CEO.

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