M&A Deal Summary

Non-Standard Finance Acquires Everyday Loans Holdings

On December 4, 2015, Non-Standard Finance acquired financial services company Everyday Loans Holdings from Secure Trust Bank for 235M GBP

Acquisition Highlights
  • This is Non-Standard Finance’s 2nd transaction in the Financial Services sector.
  • This is Non-Standard Finance’s largest (disclosed) transaction.
  • This is Non-Standard Finance’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2015-12-04
Target Everyday Loans Holdings
Sector Financial Services
Buyer(s) Non-Standard Finance
Sellers(s) Secure Trust Bank
Deal Type Divestiture
Deal Value 235M GBP

Target

Everyday Loans Holdings

London, United Kingdom
Everyday Loans is a standout performer in non-bank, branch-based, unsecured consumer lending in the U.K., with 36 branches and approximately 37,000 customers as at 30 June 2015, over 4.9x larger than the second largest such lender as measured by outstanding loan balances. Everyday Loans' newer guaranteed loans capability additionally provides a platform upon which further growth in a target sub-sector can be achieved.

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Buyer(S) 1

Buyer

Non-Standard Finance

Wakefield, United Kingdom

website

Category Company
Founded 2014
Sector Financial Services
Employees939
Revenue 69M GBP (2022)
DESCRIPTION

Non-Standard Finance is a provider of unsecured credit to UK adults. Company have around 100 locations servicing over 144,000 customers to whom have outstanding loans of approximately £202m in aggregate1. Company sizeable infrastructure is supported by around 600 full-time staff and 986 self-employed agents2. Non-Standard Finance was founded in 2014 and is based in Wakefield, the United Kingdom.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Divestiture) 2 of 2
Country (United Kingdom) 2 of 3
Year (2015) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Loansathome4u

United Kingdom

Loansathome4u is a player in the home collected-credit market. It provides us with a well-established platform; a growing business; attractive operating margins and return on assets; and will form a strong base for NSF as we grow organically and acquire new businesses.

Buy £83M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 George Banco

Frome, United Kingdom

George Banco is a responsible lender that adheres to the strict guidelines laid out . George Banco has grown rapidly to become the number two player in the UK's growing guaranteed loans market, with a total net loan book of approximately £30m.

Buy £54M

Seller(S) 1

SELLER

Secure Trust Bank

Solihull, United Kingdom

website

Category Company
Founded 1952
Sector Financial Services
Employees1,003
Revenue 170M GBP (2022)
DESCRIPTION

Secure Trust Bank is a provider of financial services. Secure Trust Bank was founded in 1952 and is based in Solihull, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 V12 Group Finance

Cardiff, United Kingdom

V12 Group Finance Ltd. is a provider of financial services.

Buy -
Mergr

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