M&A Deal Summary

Towergate Financial Acquires John Charcol

On February 23, 2010, Towergate Financial acquired financial services company John Charcol from Bradford & Bingley

Acquisition Highlights
  • This is Towergate Financial’s 1st transaction in the Financial Services sector.
  • This is Towergate Financial’s 1st transaction in the United Kingdom.
Investment Fate
  • John Charcol was divested to a consortium of buyers in 2015 for 9M GBP.

M&A Deal Summary

Date 2010-02-23
Target John Charcol
Sector Financial Services
Buyer(s) Towergate Financial
Sellers(s) Bradford & Bingley
Deal Type Divestiture

Target

John Charcol

London, United Kingdom
John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Towergate Financial

London, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Towergate Financial is anindependent financial advice throughout the UK.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-05 John Charcol

London, United Kingdom

John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

Sell £9M

Seller(S) 1

SELLER

Bradford & Bingley

Bingley, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Bradford & Bingley Plc is a retailers of financial and property-related services.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-16 John Charcol

London, United Kingdom

John Charcol is an independent mortgage broker, advising its clients on residential and commercial property. John Charcol was established in 1974 and is based in London, United Kingdom.

Buy £100M