M&A Deal Summary

Bank Of Queensland Acquires Investec Bank

On July 31, 2014, Bank Of Queensland acquired financial services company Investec Bank for 440M USD

Acquisition Highlights
  • This is Bank Of Queensland’s 6th transaction in the Financial Services sector.
  • This is Bank Of Queensland’s largest (disclosed) transaction.
  • This is Bank Of Queensland’s 6th transaction in Australia.

M&A Deal Summary
Date 2014-07-31
Target Investec Bank
Sector Financial Services
Buyer(s) Bank Of Queensland
Deal Type Add-on Acquisition
Deal Value 440M USD

Target

Investec Bank

Sydney, Australia
Investec Bank (Australia) Ltd. is a distinctive Specialist Bank and Asset Manager .

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Buyer(S) 1

Buyer

Bank Of Queensland

Newstead, Australia
Category Company
Founded 1874
Sector Financial Services
Employees3,169
Revenue 1.8B AUD (2023)
DESCRIPTION

Bank Of Queensland a regional bank provides full range of personal banking services. Bank of Queensland was founded in 1874 and is based in Newstead, Australia.

DEAL STATS #
Overall 7 of 7
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 5 of 5
Country (Australia) 6 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Virgin Money Pty

Sydney, Australia

Virgin Money (Australia) Pty Ltd (VMA), provides retail financial services.

Buy $40M
Mergr

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