Joint Venture • Financial Services

Swedbank and Barclays Acquire Entercard

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date January 1, 2005
Target Entercard
Sector Financial Services
Buyer(s) Swedbank
Barclays
Deal Type Joint Venture

Target Company

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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Buyers Overview 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 Context for Buyer #
Overall 1 of 3
Sector: Financial Services 1 of 3
Type: Joint Venture 1 of 1
Country: Sweden 1 of 2
Year: 2005 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 Context for Buyer #
Overall 2 of 5
Sector: Financial Services 2 of 3
Type: Joint Venture 1 of 1
Country: Sweden 1 of 1
Year: 2005 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