M&A Deal Summary

Applied Value Group Acquires X1

On June 22, 2023, Applied Value Group acquired financial services company X1 for 95M USD

Acquisition Highlights
  • This is Applied Value Group’s 1st transaction in the Financial Services sector.
  • This is Applied Value Group’s largest (disclosed) transaction.
  • This is Applied Value Group’s 3rd transaction in the United States.
  • This is Applied Value Group’s 1st transaction in California.

M&A Deal Summary
Date 2023-06-22
Target X1
Sector Financial Services
Buyer(s) Applied Value Group
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

X1

San Francisco, California, United States
website
X1 is a fintech company that offers smart credit cards partnering with Visa Signature, allowing cardholders to use it at more than 46 million merchants around the world. X1 is based in San Francisco, California.

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Buyer(S) 1

Buyer

Applied Value Group

Andover, Massachusetts, United States

website

Category Company
Founded 1997
Sector Business Services
DESCRIPTION

Applied Value Group combines management consulting, private and public investments, and social responsibility. The company's engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2023) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-22 ES Solar

Andover, Massachusetts, United States

ES Solar is a residential and commercial solar and battery installer that boasts a unique specialization in energy storage, with over 90% of installs featuring a battery. With its focus on cutting-edge technologies, premier partnerships, and exceptional customer service, the company continues to contribute to the advancement of clean energy deployment. ES Solar is based in Andover, Massachusetts.

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