1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Australia >
  5. Bank Of Queensland Acquires Virgin Money Pty

M&A Deal Summary

Bank Of Queensland Acquires Virgin Money Pty

On April 30, 2013, Bank Of Queensland acquired financial services company Virgin Money Pty for 40M USD

Acquisition Highlights
  • This is Bank Of Queensland’s 5th transaction in the Financial Services sector.
  • This is Bank Of Queensland’s 4th largest (disclosed) transaction.
  • This is Bank Of Queensland’s 5th transaction in Australia.

M&A Deal Summary
Date 2013-04-30
Target Virgin Money Pty
Sector Financial Services
Buyer(s) Bank Of Queensland
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Virgin Money Pty

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

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 6 of 7
Sector: Financial Services M&A 5 of 6
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Australia M&A 5 of 6
Year: 2013 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 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.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Investec Bank

Sydney, Australia

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

Buy $440M
Mergr

Solution for

Product

Company

Legal