Explore All 3084 Divestiture Financial Services Deals - Search the Database Free
Investment Summary |
|
|---|---|
| Date | November 11, 2012 |
| Target | Premium Credit |
| Sector | Financial Services |
| Sellers(s) | MBNA |
| Deal Type | Divestiture |
| Deal Value | 900M GBP |
FILTER BY
MBNA is a UK credit card business with a high quality customer base founded upon sound underwriting principles and credit management, which aligns well with the Group’s strategy to deliver sustainable growth through a multi-brand strategy. The MBNA brand will be maintained as a challenger brand further enhancing our customer offering. MBNA’s diversified distribution model, along with its data analytics capability, digital strength and well-recognised brand, will be complementary to the Group’s existing capabilities and provides further opportunities for growth and delivering excellent customer service.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 1 of 1 |
| Year: 2012 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-04 |
Premium Credit
Surrey, United Kingdom Premium Credit is a provider of premium finance for commercial and retail insurance products. PCL’s products are a key source of funding for consumers and smaller businesses in the purchase of often mandatory products, such as motor, home or fire insurance. The company also provides financing for the payment of annual fees such as membership subscriptions, professional fees, commercial service charges and school fees. Premium Credit was founded in 1988 and is based in Surrey, United Kingdom. |
Buy | - |
