M&A Deal Summary

Tandem Bank Acquires Oplo

On January 12, 2022, Tandem Bank acquired financial services company Oplo from Pollen Street Capital

Acquisition Highlights
  • This is Tandem Bank’s 1st transaction in the Financial Services sector.
  • This is Tandem Bank’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-01-12
Target Oplo
Sector Financial Services
Buyer(s) Tandem Bank
Sellers(s) Pollen Street Capital
Deal Type Add-on Acquisition

Target

Oplo

Blackpool, United Kingdom
Oplo is a provider of secured lending, car finance, personal loan, and home improvement products. Oplo optimises the use of technology whilst retaining the human touch – fundamental to understanding and serving customers effectively. Oplo was founded in 2004 and is based in Blackpool, United Kingdom.

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Buyer(S) 1

Buyer

Tandem Bank

London, United Kingdom

Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

Tandem Bank is a digital bank offering mortgages, credit cards, and savings products. Tandem Bank was founded in 2013 and is based in London, United Kingdom.


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: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Pollen Street Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2013
PE ASSETS 2.7B GBP
Size Large
Type Sector Focused
DESCRIPTION

Pollen Street Capital is an asset management and private equity firm focused on acquiring and investing in financial and business services companies. The Firm is a hands-on investor and looks to work with management teams in building company value and driving growth. Pollen Street Capital was formed in 2013 and is headquartered in London, England.


DEAL STATS #
Overall 8 of 9
Sector: Financial Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 2 of 3
Country: United Kingdom M&A 6 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Autopay

Sopot, Poland

Autopay is a provider of solutions for electronic transactions and online support from the automation of home payments to complex, custom-designed electronic banking services. Autopay offers safe and reliable tools for automatic payments, express transfers, social loans, telephone top-ups, purchase of insurance, currency exchange. Autopay was founded in 1999 and is based in Sopot, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 PAIR Finance

Berlin, Germany

PAIR Finance is a provider of fintech for digital debt collection and receivables management. The company is transforming the debt collection industry with its sustainable, digital, efficient, and customer-centric approach. Using artificial intelligence, behavioural psychology and data science. PAIR Finance was founded in 2016 and is based in Berlin, Germany.

Buy -