IPO • Financial Services

KKR, Värde Partners and Deutsche Bank Exits Latitude Financial Services

On April 20, 2021, invested in financial services company Latitude Financial Services from KKR, Värde Partners and Deutsche Bank

Investment Context
  • This is transaction in the Financial Services sector.
  • This is transaction in Australia.

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Investment Summary

Date April 20, 2021
Target Latitude Financial Services
Sector Financial Services
Sellers(s) KKR
Värde Partners
Deutsche Bank
Deal Type IPO

Target Company

Latitude Financial Services

Docklands, Australia
Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.
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Seller Profiles 3

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 157 of 215
Sector: Financial Services 10 of 12
Type: IPO 49 of 62
Country: Australia 4 of 9
Year: 2021 6 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Adopt a Cow

Beijing, China

Adopt a Cow is a dairy company whose products reach consumers directly. Adopt a Cow was founded in 2016 and is based in Beijing. China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 KnowBe4

Clearwater, Florida, United States

KnowBe4 is a provider of security awareness platform that helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. KnowBe4 was founded in 2010 and is based in Clearwater, Florida.

Sell -
SELLER

Värde Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1993
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.


Deal Context for Seller #
Overall 7 of 11
Sector: Financial Services 5 of 6
Type: IPO 1 of 1
Country: Australia 1 of 1
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Dedica Anthology

Milano, Italy

Dedica Anthology is an Italian luxury hotel group. Dedica Anthology offers a new way to reserve stay simply, quickly, safely and always at the best rates available. The company will continue to own and operate 9 luxury hotels located across key cities in Italy (Rome, Florence, Milan and Venice), France (Nice), Hungary (Budapest) and the Czech Republic (Prague). The trophy properties include over 1,300 rooms. Dedica Anthology was founded in 1978 and is based in Milano, Italy.

Sell €573M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Hotel Barcelona Apolo

Barcelona, Spain

Hotel Barcelona Apolo is an operator of a 4-star hotel that has 314 rooms and conference facilities for up to c.800 people across a total built area of over 17,000 square meters. Hotel Barcelona Apolo was founded in 1993 and is based in Barcelona, Spain.

Sell €96M
SELLER

Deutsche Bank

Frankfurt, Germany

Category Company
Founded 1870
Sector Financial Services
Employees89,426
Revenue 30.0B EUR (2024)
DESCRIPTION

Deutsche Bank is a global banking and financial services company. Deutsche Bank was founded in 1870 and is based in Frankfurt, Germany.


Deal Context for Seller #
Overall 5 of 5
Sector: Financial Services 4 of 4
Type: IPO 1 of 1
Country: Australia 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 Quantiguous Solutions Pvt.

Mumbai, India

Quantiguous Solutions Pvt. Ltd. is a software company. Quantiguous domain expertise enables us to drive business intelligence for our customers through consultation, engineering and support. Quantiguous Solutions Pvt. Ltd. was established in 2014 and is based in Mumbai, India.

Buy -

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