M&A Deal Summary

AMCON Acquires MainStreet Bank

On August 5, 2011, AMCON acquired financial services company MainStreet Bank

Acquisition Highlights
  • This is AMCON’s 1st transaction in the Financial Services sector.
  • This is AMCON’s 1st transaction in Nigeria.
Investment Fate
  • MainStreet Bank was divested to a consortium of strategic buyers in 2014 for 602M USD.

M&A Deal Summary
Date 2011-08-05
Target MainStreet Bank
Sector Financial Services
Buyer(s) AMCON
Deal Type Add-on Acquisition

Target

MainStreet Bank

Lagos, Nigeria
website
MainStreet Bank Ltd. is a banking and other financial services provider.

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Buyer(S) 1

Buyer

AMCON

Abuja, Nigeria

website

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

AMCON, Inc. is a financial services provider.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Nigeria) 1 of 1
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 MainStreet Bank

Lagos, Nigeria

MainStreet Bank Ltd. is a banking and other financial services provider.

Sell $602M
Mergr

Product

Company

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