M&A Deal Summary

Banco CTT Acquires 321 Crédito

On July 26, 2018, Banco CTT acquired financial services company 321 Crédito from Cabot Square Capital

Acquisition Highlights
  • This is Banco CTT’s 1st transaction in the Financial Services sector.
  • This is Banco CTT’s 1st transaction in Portugal.

M&A Deal Summary
Date 2018-07-26
Target 321 Crédito
Sector Financial Services
Buyer(s) Banco CTT
Sellers(s) Cabot Square Capital
Deal Type Add-on Acquisition

Target

321 Crédito

Porto, Portugal
321 Crédito specialises in finance for used cars in the Portuguese market, but also provides leasing for both equipment and property. 321 Crédito was founded in 1999 and is based in Porto, Portugal.

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Buyer(S) 1

Buyer

Banco CTT

Lisbon, Portugal
Category Company
Founded 2015
Sector Financial Services
DESCRIPTION

Banco CTT is a bank run by Portugal’s privatized national postal service. Banco CTT was founded in 2015 and is based in Lisbon, Portugal.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Cabot Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Cabot Square Capital is a private investment firm that seeks investments in small to mid sized businesses located in the UK and Western Europe. Cabot looks for majority control positions and will consider opportunities across various industry sectors. Funds are typically used to 'facilitate transitions, such as start-up, buy and build, turnaround and expansion'. Cabot Square Capital was formed in 1996 and is based in London.

DEAL STATS #
Overall 3 of 9
Sector (Financial Services) 2 of 6
Type (Add-on Acquisition) 1 of 4
Country (Portugal) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Simply

London, United Kingdom

Simply provides asset finance to small and medium-sized businesses to help them purchase equipment, free up working capital and invest in growth. The company focuses on the construction, recycling, manufacturing and transport industries, providing finance in the form of hire purchase and finance lease agreements for “hard” assets with established market valuations. Simply was founded in 2017 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 MSP Capital

Poole, United Kingdom

MSP Capital provides bridging and development finance to professional property investors across the UK. MSP Capital was founded in 1981 and is based in Poole, United Kingdom.

Buy -
Mergr

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