M&A Deal Summary

Barclays Acquires Standard Life Bank

On October 26, 2009, Barclays acquired financial services company Standard Life Bank from abrdn for 226M GBP

Acquisition Highlights
  • This is Barclays’ 2nd transaction in the Financial Services sector.
  • This is Barclays’ 0th largest (disclosed) transaction.
  • This is Barclays’ 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2009-10-26
Target Standard Life Bank
Sector Financial Services
Buyer(s) Barclays
Sellers(s) abrdn
Deal Type Divestiture
Deal Value 226M GBP

Target

Standard Life Bank

United Kingdom
Standard Life Bank plc is a provider of banking services and products owned UK mortgage and savings with outstanding mortgage loans of £8.8 billion and customer deposits of £5.5 billion.

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Buyer(S) 1

Buyer

Barclays

London, United Kingdom
Category Company
Founded 1690
Sector Financial Services
Employees92,400
Revenue 25.4B GBP (2023)
DESCRIPTION
Barclays branch in Cannes, France.
Barclays branch in Cannes, France.

Barclays is a financial services company that offers consumer and business lending, insurance, money transmission, credit, and financial advisory services. Barclays was founded in 1690 and is based in London, England.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 2 of 2
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Gresham Insurance

London, United Kingdom

Gresham Insurance Co. Ltd. is a provider of general insurance products. The company is based in London, the United Kingdom.

Buy £85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-09 DYWIDAG

Luxembourg, Luxembourg

DYWIDAG is a provider of strata, geotechnical and post-tensioning control systems. Its products, which include bars, strands, wires, and meshes, are used in the construction, mining, tunnelling and civil engineering industries. DYWIDAG was formed in 1979 and is based in Luxembourg.

Buy -

Seller(S) 1

SELLER

abrdn

Edinburgh, United Kingdom
Category Company
Founded 1825
Sector Financial Services
Employees4,719
Revenue 1.5B USD (2023)
DESCRIPTION

abrdn is a provider of long-term savings and investments. abrdn was founded in 1825 and is based in Edinburgh, United Kingdom.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 4
Country (United Kingdom) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Threesixty Services

Manchester, United Kingdom

Threesixty Services LLP is a provider of personalised advice and solutions, company can protect, grow and realise business potential, That can be as simple as helping them protect their business by ensuring they meet regulatory requirements, broader developmental support for businesses seeking growth, or assisting and advising those business owners looking to realise the value in their business.

Buy -
Mergr

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