M&A Deal Summary

Bradford & Bingley Acquires John Charcol

On February 16, 2000, Bradford & Bingley acquired financial services company John Charcol from Warburg Pincus for 100M GBP

Acquisition Highlights
  • This is Bradford & Bingley’s 1st transaction in the Financial Services sector.
  • This is Bradford & Bingley’s 0th largest (disclosed) transaction.
  • This is Bradford & Bingley’s 1st transaction in the United Kingdom.
Investment Fate
  • John Charcol was divested to a consortium of strategic buyers in 2010.
  • John Charcol was divested to a consortium of buyers in 2015 for 9M GBP.

M&A Deal Summary
Date 2000-02-16
Target John Charcol
Sector Financial Services
Buyer(s) Bradford & Bingley
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 100M GBP

Target

John Charcol

London, United Kingdom
website
John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Bradford & Bingley

Bingley, United Kingdom

website

Category Company
Sector Financial Services
DESCRIPTION

Bradford & Bingley Plc is a retailers of financial and property-related services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-23 John Charcol

London, United Kingdom

John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 8 of 249
Sector (Financial Services) 1 of 19
Type (Add-on Acquisition) 1 of 90
Country (United Kingdom) 3 of 17
Year (2000) 2 of 4
Size (of disclosed) 54 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-24 FundsXpress

Austin, Texas, United States

FundsXpress, Inc. is a provider of online banking and bill payment services for consumers and small businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 AsiaInfo Technologies

Beijing, China

AsiaInfo Technologies is an innovative provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China.

Sell -
Mergr

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