Polaris Bank - M&A Summary and Business Overview

Financial ServicesCompany

Polaris Bank M&A Summary

Polaris Bank has acquired 1 company.

Polaris Bank’s largest acquisition to date was in 2014, when it acquired MainStreet Bank for $602M. The Company’s most targeted sectors include financial services (100%).

Polaris Bank Business Overview

Where is Polaris Bank headquartered?

Polaris Bank is headquartered in Lagos, Nigeria.

What is Polaris Bank’s revenue?

Polaris Bank disclosed revenue of 348M USD for 2014 and 345M USD for 2013.

What sector is Polaris Bank in?

Polaris Bank is a financial services company.

When was Polaris Bank founded?

Polaris Bank was founded in 2006.

M&A Summary

M&A Total Activity1
- M&A Buy Activity1
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 1

Polaris Bank

Polaris Bank Ltd.

3, Akin Adesola Street, Victoria Island,
Lagos,
Nigeria,
0700-7652747
www.polarisbanklimited.com

Polaris Bank is a provider of business banking services. With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state-of-the-art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS, and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient, and secured banking services. Polaris Bank is based in Lagos, Nigeria.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Buy (0.0/yr)	vol	$602M						$602M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								1

Most Recent M&A

Company	Date	Value	Type
MainStreet Bank Ltd.	2014-10-31	602M USD	Divestiture
Lagos, Nigeria · www.mainstreetbanklimited.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		1 (100%)	602M (100%)	-	-
Total		1	$602M	-	-

By Geo

State/Country		Buy	Value		Sell	Value
Nigeria		1	602M		-	-
Total		1	$602M		-	-

Deal Values

buy	#	Total
$100M to $1B	1	$602M
TOTAL		$602M
Largest	MainStreet Bank Ltd. $602M (2014-10-31)

M&A Connections

		Deals
Acquired from
Strategic(s)	100%	1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

348 1%	2014
285	2013
227	2011
(millions of USD)

Established

2006

Former Name

Skye Bank Plc

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Polaris Bank - M&A Summary and Business Overview

Financial ServicesCompany