M&A Deal Summary

Ekspres Bank Acquires SevenDay Bank

On May 1, 2017, Ekspres Bank acquired financial services company SevenDay Bank from Credelity Capital AB

Acquisition Highlights
  • This is Ekspres Bank’s 1st transaction in the Financial Services sector.
  • This is Ekspres Bank’s 1st transaction in Sweden.

M&A Deal Summary

Date 2017-05-01
Target SevenDay Bank
Sector Financial Services
Buyer(s) Ekspres Bank
Sellers(s) Credelity Capital AB
Deal Type Add-on Acquisition

Target

SevenDay Bank

Kista, Sweden
SevenDay Bank is an independent credit market company providing unsecured lending to private consumers. SevenDay Bank was founded in 2007 and is based in Kista, Sweden.

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Buyer(S) 1

Buyer

Ekspres Bank

Taastrup, Denmark

Category Company
Founded 1987
Sector Financial Services
DESCRIPTION

Ekspres Bank is a digital bank focused on consumer banking, offering services like loans and credit. Ekspres Bank was founded in 1987 and is based in Taastrup, Denmark.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Credelity Capital AB is a private equity firm that targets small and mid-sized industrial and trading companies throughout Scandinavia (primarily Sweden). The Firm focuses on companies with proven track records, solid cash flows, and competitive products. Credelity looks to invest SEK 50 to SEK 125 million (€5 to €15 million) per transaction in companies generating SEK 100 to SEK 500 million (€10 to €55 million) of sales. The Firm usually takes majority positions in portfolio companies. Prospective transaction situation include buyouts and growth capital financings. Credelity Capital AB was based in Stockholm.


DEAL STATS #
Overall 3 of 5
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Sweden M&A 3 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Aritco

Stockholm, Sweden

Aritco is a fast growing engineering company and is Europe’s leading manufacturer of platform lifts. Aritco was founded in 1995 and is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Exotic Snacks

Stockholm, Sweden

Exotic Snacks is a supplier of natural snacks to the Swedish market and a nationwide distributor to major large food retailers. Exotic Snacks was founded in 1985 and is based in Stockholm, Sweden.

Sell kr60M