M&A Deal Summary

Provident Financial Acquires Duncton Group Limited

On August 14, 2014, Provident Financial acquired financial services company Duncton Group Limited for 120M GBP

Acquisition Highlights
  • This is Provident Financial’s 2nd transaction in the Financial Services sector.
  • This is Provident Financial’s 0th largest (disclosed) transaction.
  • This is Provident Financial’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2014-08-14
Target Duncton Group Limited
Sector Financial Services
Buyer(s) Provident Financial
Deal Type Add-on Acquisition
Deal Value 120M GBP

Target

Duncton Group Limited

Rogate, United Kingdom
website
Duncton Group Limited and its subsidiaries operate under the Moneybarn brand, and together form the UK's largest non-standard vehicle finance group (Moneybarn). Moneybarn provides car finance to non-standard customers in the UK, operating mainly through brokers with additional distribution sourced through independent car dealers and from its website directly to customers. The business offers secured car loans, predominantly through conditional sale agreements and with the car typically used for necessities such as travelling to work rather than for luxury or discretionary purposes.

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Buyer(S) 1

Buyer

Provident Financial

Bradford, United Kingdom

website

Category Company
Founded 1880
Sector Financial Services
Employees4,232
Revenue 481M GBP (2022)
DESCRIPTION

Provident Financial is one of the UK’s major suppliers of personal credit products to the non-standard lending market. PFG owns Vanquis Bank and specialises in consumer credit with our Provident, Satsuma Loans and glo brands. It also owns Moneybarn, which specialises in car finance for consumers in the non-standard credit market. Provident Financial was founded in 1880 and is based in Bradford, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-18 Yes Car Credit

United Kingdom

Yes Car Credit, is a car finance companies serving the sub-prime market. The business is focused on generating profitable finance contracts. Company has a unique, credit-led, integrated business model under which it sells its customers a package of a car, financing and related insurance products.

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