Divestiture • Financial Services

Cornèr Bank Acquires Dinit d.o.o.

On May 6, 2015, Cornèr Bank acquired financial services company Dinit d.o.o. from Diners Club International

Acquisition Context
  • This is Cornèr Bank’s 2nd transaction in the Financial Services sector.
  • This is Cornèr Bank’s 1st transaction in Slovenia.

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M&A Deal Summary

Date May 6, 2015
Target Dinit d.o.o.
Sector Financial Services
Buyer(s) Cornèr Bank
Sellers(s) Diners Club International
Deal Type Divestiture

Target Company

Dinit d.o.o.

Izola, Slovenia
Dinit d.o.o. is a company that offers comprehensive and advanced services in payment card industry.
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Buyer Overview 1

Buyer

Cornèr Bank

Lugano, Switzerland

Category Company
Founded 1952
Sector Financial Services
DESCRIPTION

Cornèr Bank Ltd. is an independent Swiss private bank that is active across a range of traditional banking services. It specializes in the sectors of lending and private banking and is a leading player in the Swiss card payment industry.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Divestiture 2 of 2
Country: Slovenia 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Diners Club Italia S.r.l.

Milan, Italy

Diners Club Italia S.r.l. is a provider of financial services in Italy.

Buy -

Seller Profile 1

SELLER

Diners Club International

Chicago, Illinois, United States

Category Company
Founded 1950
Sector Financial Services
DESCRIPTION

Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers, offering access to more than 500 airports lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world.


Deal Context for Seller #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Divestiture 2 of 2
Country: Slovenia 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Diners Club Italia S.r.l.

Milan, Italy

Diners Club Italia S.r.l. is a provider of financial services in Italy.

Sell -