M&A Deal Summary |
|
|---|---|
| Date | 2014-10-31 |
| Target | MainStreet Bank |
| Sector | Financial Services |
| Buyer(s) | Polaris Bank |
| Sellers(s) | AMCON |
| Deal Type | Divestiture |
| Deal Value | 602M USD |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Financial Services |
| Revenue | 348M USD (2014) |
Polaris Bank is a provider of business banking services. With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state-of-the-art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS, and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient, and secured banking services. Polaris Bank is based in Lagos, Nigeria.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Nigeria) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
AMCON, Inc. is a financial services provider.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Nigeria) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-05 |
MainStreet Bank
Lagos, Nigeria MainStreet Bank Ltd. is a banking and other financial services provider. |
Buy | - |
