Add-on Acquisition • Financial Services

Banco Santander Acquires Ebury Partners UK

On November 4, 2019, Banco Santander acquired financial services company Ebury Partners UK from Vitruvian Partners

Acquisition Context
  • This is Banco Santander’s 6th transaction in the Financial Services sector.
  • This is Banco Santander’s 4th transaction in the United Kingdom.

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M&A Deal Summary

Date November 4, 2019
Target Ebury Partners UK
Sector Financial Services
Buyer(s) Banco Santander
Sellers(s) Vitruvian Partners
Deal Type Add-on Acquisition

Target Company

Ebury Partners UK

London, United Kingdom
Ebury Partners UK Ltd. is a global finance specialist operates on a unique worldwide distribution platform underpinned by a data-driven business model and offers best-in-class customer experience and product capabilities. Ebury was formed in 2009 and is based in London.
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Buyer Overview 1

Buyer

Banco Santander

Madrid, Spain

Category Company
Founded 1856
Sector Financial Services
Employees206,736
Revenue 63.8B EUR (2024)
DESCRIPTION

Banco Santander is a financial group operating principally in Spain, the UK, Portugal, and Brazil. Banco Santander is a provider of commercial and retail banking financial services. Banco Santander was founded in 1856 and is based in Madrid, Spain.


Deal Context for Buyer #
Overall 8 of 10
Sector: Financial Services 6 of 8
Type: Add-on Acquisition 2 of 3
Country: United Kingdom 4 of 4
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Banco Santander S.A. - Puerto Rico

Puerto Rico

Banco Santander Puerto Rico operates as a bank and offers checking and savings accounts, credit cards, insurance, annuities, payments, collection, deposits, loans, and other banking services. Banco Santander Puerto Rico serves customers in Puerto Rico.

Sell $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Elavon - Mexico Operations

Mexico

Elavon's Mexico Operations provides payment processing solutions.

Buy $86M

Seller Profile 1

SELLER

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


Deal Context for Seller #
Overall 14 of 25
Sector: Financial Services 1 of 3
Type: Add-on Acquisition 5 of 11
Country: United Kingdom 14 of 17
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Sykes Holiday Cottages

Cheshire, United Kingdom

Sykes Holiday Cottages is an independent holiday cottage rental agency, that offers a fantastic choice of over 17,500 holiday homes across the UK, Ireland and New Zealand – from cosy cottages for two to larger properties that sleep 20 or more. Sykes Holiday Cottages was founded in 1991 and is based in Cheshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 BHG Group

Malmö, Sweden

BHG Group is an online platform for DIY and Home Furnishing (“Home Improvement”) with a clear market-leading position in the Nordics. It operates approximately 100 online sites, including bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, as well as approximately 70 showrooms. BHG Group was formed in 2006 and is based in Malmö, Sweden.

Buy -