M&A Deal Summary

Swedbank and Barclays Acquire Entercard

On January 1, 2005, Swedbank and Barclays acquired financial services company Entercard

Acquisition Highlights
  • This is Swedbank’s 1st and Barclays’ 2nd transaction in the Financial Services sector.
  • This is Swedbank’s 1st and Barclays’ 1st transaction in Sweden.

M&A Deal Summary

Date 2005-01-01
Target Entercard
Sector Financial Services
Buyer(s) Swedbank
Barclays
Deal Type Joint Venture

Target

Entercard

Stockholm, Sweden
Entercard is a credit market company offering credit cards and consumer loans through partnerships in Sweden, Norway, Denmark, and Finland. Entercard is based in Stockholm, Sweden.

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Buyer(S) 2

Buyer

Swedbank

Sundbyberg, Sweden

Category Company
Founded 1820
Sector Financial Services
Employees16,933
Revenue 73.3B SEK (2024)
DESCRIPTION

Swedbank is a provider of various banking products and services for private, corporate, and organizational customers. Swedbank was founded in 1820 and is based in Sundbyberg, Sweden.


DEAL STATS #
Overall 1 of 3
Sector: Financial Services M&A 1 of 3
Type: Joint Venture M&A Deals 1 of 1
Country: Sweden M&A 1 of 2
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Hansa Leasing

Moscow, Russia

Hansa Leasing Ltd. is a provider of lease financing services.

Buy -
Buyer

Barclays

London, United Kingdom

Category Company
Founded 1690
Sector Financial Services
Employees93,000
Revenue 26.2B GBP (2024)
DESCRIPTION
Barclays branch in Cannes, France.
Barclays branch in Cannes, France.

Barclays is a financial services company that offers consumer and business lending, insurance, money transmission, credit, and financial advisory services. Barclays was founded in 1690 and is based in London, England.


DEAL STATS #
Overall 2 of 5
Sector: Financial Services M&A 2 of 3
Type: Joint Venture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2005 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-27 Gerrard Management Services

London, United Kingdom

Gerrard Management Services Ltd. is a major stockbrokers with £12.5 billion of funds under management as at 30 September, 2003.

Buy £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Gresham Insurance Co.

London, United Kingdom

Gresham Insurance Co. Ltd. is a provider of general insurance products. The company is based in London, the United Kingdom.

Buy £85M