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  5. FirstRand Acquires Aldermore Group

M&A Deal Summary

FirstRand Acquires Aldermore Group

On March 1, 2018, FirstRand acquired financial services company Aldermore Group

Acquisition Highlights
  • This is FirstRand’s 1st transaction in the Financial Services sector.
  • This is FirstRand’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-03-01
Target Aldermore Group
Sector Financial Services
Buyer(s) FirstRand
Deal Type Add-on Acquisition

Target

Aldermore Group

Peterborough, United Kingdom
Aldermore is a retail bank which provides financial products and solutions to meet the needs of homeowners, landlords, savers and Small and Medium-Sized Enterprises (SMEs). Aldermore was formed in 2009 and is based in Peterborough, United Kingdom.

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Buyer(S) 1

Buyer

FirstRand

Sandton, South Africa
Category Company
Founded 1966
Sector Financial Services
Employees49,751
Revenue 139.6B ZAR (2024)
DESCRIPTION

FirstRand is a financial services provider offering banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers. FirstRand was founded in 1966 and is based in Sandton, South Africa.

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: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1
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