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  5. Bank Of Queensland Acquires St Andrew s Australia

M&A Deal Summary

Bank Of Queensland Acquires St Andrew s Australia

On July 1, 2010, Bank Of Queensland acquired insurance company St Andrew s Australia for 45M USD

Acquisition Highlights
  • This is Bank Of Queensland’s 1st transaction in the Insurance sector.
  • This is Bank Of Queensland’s 3rd largest (disclosed) transaction.
  • This is Bank Of Queensland’s 4th transaction in Australia.

M&A Deal Summary
Date 2010-07-01
Target St Andrew s Australia
Sector Insurance
Buyer(s) Bank Of Queensland
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

St Andrew s Australia

Perth, Australia
St Andrew's is a manufacturer of consumer credit insurance products with a solid history of partnering with financial institutions to deliver insurance solutions.

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Buyer(S) 1

Buyer

Bank Of Queensland

Newstead, Australia
Category Company
Founded 1874
Sector Financial Services
Employees3,105
Revenue 1.6B AUD (2024)
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 5 of 7
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Australia M&A 4 of 6
Year: 2010 M&A 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 CIT Group

Sydney, Australia

CIT Group (Australia) Limited is a provider of vendor based, equipment finance and leasing in Australia.

Buy AU$525M
FOLLOWING 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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