M&A Deal Summary

Synchrony Bank Acquires Domenia Credit SA

On September 1, 2006, Synchrony Bank acquired financial services company Domenia Credit SA from Axxess Capital

Acquisition Highlights
  • This is Synchrony Bank’s 1st transaction in the Financial Services sector.
  • This is Synchrony Bank’s 1st transaction in Romania.

M&A Deal Summary

Date 2006-09-01
Target Domenia Credit SA
Sector Financial Services
Buyer(s) Synchrony Bank
Sellers(s) Axxess Capital
Deal Type Add-on Acquisition

Target

Domenia Credit SA

Bucharest, Romania
Domenia Credit SA is a mortgage lending company, provides access to home acquisition, land acquisition.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Synchrony Bank

Draper, Utah, United States

Category Company
Founded 1988
Sector Financial Services
DESCRIPTION

Synchrony Bank is a provider of banking products and services.


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: Romania M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.


DEAL STATS #
Overall 4 of 11
Sector: Financial Services M&A 4 of 6
Type: Add-on Acquisition M&A Deals 4 of 6
Country: Romania M&A 4 of 9
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Ralfi SA

Romania

Romanian Consumer Finance Company. It started in 1997 in the city of Cluj as a local small player.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Iceline/Darko

Bulgaria

Iceline/Darko is the second largest ice cream producer in Bulgaria. Darko has a 20-25% market share, a very well established brand name and a wide distribution network. In 2009 Darko entered the Romanian market with Milka ice cream products.

Buy -