M&A Deal Summary

Corsair Capital Acquires Axo Finans

On September 23, 2019, private equity firm Corsair Capital acquired financial services company Axo Finans

Acquisition Highlights
  • This is Corsair Capital’s 10th transaction in the Financial Services sector.
  • This is Corsair Capital’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-09-23
Target Axo Finans
Sector Financial Services
Buyer(s) Corsair Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) William Blair (Financial)

Target

Axo Finans

Oslo, Norway
Axo Finans is a specialist in consumer credit and loan brokerage, partnering with leading banks in the region to achieve optimal credit solutions for consumers. Axo Finans was founded in 2008 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 9.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.

DEAL STATS #
Overall 22 of 29
Sector (Financial Services) 10 of 11
Type (Buyout (LBO, MBO, MBI)) 9 of 11
Country (Norway) 1 of 1
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Vantage Group

Vancouver, British Columbia, Canada

Vantage Group is a privately held airport developer, manager, and investor with a history at more than 30 airports around the world. The company’s current network comprises 10 airports, ranging from small destinations to large capital cities in Canada, the U.S., Jamaica, The Bahamas, and Cyprus. Vantage’s portfolio includes two major projects in New York: the redevelopment and management of Terminal B at LaGuardia Airport, and the company’s partnership with Jet Blue Airways in the planned redevelopment and management of Terminals 6 and 7 at JFK International Airport. Vantage Group was founded in 1994 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 IDnow

Munich, Germany

IDnow is a provider of the Identity Verification-as-a-Service solutions platform. IDnow has set out to make the connected world a safer place. IDnow's unmanipulable identity verification is used across industries conducting online customer interactions that require a high degree of security. IDnow was founded in 2014 and is based in Munich, Germany.

Buy -
Mergr

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