M&A Deal Summary

Raiffeisen Bank International Acquires Equa bank

On February 6, 2021, Raiffeisen Bank International acquired financial services company Equa bank from AnaCap, Goldman Sachs Merchant Banking and Alpha Associates

Acquisition Highlights
  • This is Raiffeisen Bank International’s 1st transaction in the Financial Services sector.
  • This is Raiffeisen Bank International’s 1st transaction in Czech Republic.

M&A Deal Summary

Date 2021-02-06
Target Equa bank
Sector Financial Services
Buyer(s) Raiffeisen Bank International
Sellers(s) AnaCap
Goldman Sachs Merchant Banking
Alpha Associates
Deal Type Add-on Acquisition

Target

Equa bank

Praha, Czech Republic
Equa bank offers simple, comprehensible, and transparent banking services for retail and business customers. Products include current and savings accounts with free maintenance, multi-currency debit cards, mortgages, term deposits, consumer loans, insurance, and business loans. Equa bank is based in Praha, Czech Republic.

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Buyer(S) 1

Buyer

Raiffeisen Bank International

Vienna, Germany

Category Company
Sector Financial Services
DESCRIPTION

Raiffeisen Bank International is a corporate and investment bank. Raiffeisen Bank International is based in Vienna, Germany.


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: Czech Republic M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Raiffeisenbank

Bulgaria

Raiffeisenbank (Bulgaria) is a provider of banking, asset management, leasing and insurance brokerage services to retail, SME and corporate customers. Raiffeisenbank (Bulgaria) was founded in 1994 and is based in Bulgaria.

Sell -

Seller(S) 3

SELLER

AnaCap

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B EUR
Size Large
Type Sector Focused
DESCRIPTION

AnaCap Financial Partners is a specialist private equity firm focused on credit and direct investments in the financial services sector. AnaCap will consider opportunities throughout Europe and looks to partner with to build scalable and efficient businesses. Areas of interest include mortgage products, small-medium sized enterprise loans, insurance, factoring, healthcare receivables, debt collections, consumer credit, auto loans, and asset management. The Firm will consider funding both start-ups as well as existing businesses. AnaCap Financial Partners was formed in 2005 and is headquartered in London.


DEAL STATS #
Overall 10 of 15
Sector: Financial Services M&A 7 of 8
Type: Add-on Acquisition M&A Deals 4 of 7
Country: Czech Republic M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 MRH Trowe

Frankfurt, Germany

MRH Trowe offers comprehensive and specialist expertise in virtually all lines of insurance and employee benefits for industrial and commercial clients, institutions and upscale private clients. MRH Trowe is based in Frankfurt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Brightside Insurance

Kent, United Kingdom

Brightside Insurance is an insurance broking business which distributes personal and commercial insurance products across UK, through both online and offline channels. Brightside Insurance was founded in 2001 and is based in Kent, United Kingdom.

Sell -
SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 94 of 126
Sector: Financial Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 30 of 43
Country: Czech Republic M&A 1 of 1
Year: 2021 M&A 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Imagine

Minneapolis, Minnesota, United States

Imagine is a complete visual communications provider, delivering end-to-end solutions for retailers, CPGs and various other segments. Imagine helps brand marketers execute in-store campaigns with the highest level of quality and accuracy while maintaining a streamlined, cost-effective process. Imagine was founded in 1988 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Nuxeo

Brooklyn, New York, United States

Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including TBWA, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy.

Sell -
SELLER

Alpha Associates

Switzerland

Category Company
Sector Financial Services
DESCRIPTION


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: Czech Republic M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Equa bank

Praha, Czech Republic

Equa bank offers simple, comprehensible, and transparent banking services for retail and business customers. Products include current and savings accounts with free maintenance, multi-currency debit cards, mortgages, term deposits, consumer loans, insurance, and business loans. Equa bank is based in Praha, Czech Republic.

Buy -