M&A Deal Summary

Vanquis Banking Group Acquires Duncton Group Limited

On August 14, 2014, Vanquis Banking Group acquired financial services company Duncton Group Limited for 120M GBP

Acquisition Highlights
  • This is Vanquis Banking Group’s 2nd transaction in the Financial Services sector.
  • This is Vanquis Banking Group’s 0th largest (disclosed) transaction.
  • This is Vanquis Banking Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2014-08-14
Target Duncton Group Limited
Sector Financial Services
Buyer(s) Vanquis Banking Group
Deal Type Add-on Acquisition
Deal Value 120M GBP

Target

Duncton Group Limited

Rogate, United Kingdom
Duncton Group Limited and its subsidiaries operate under the Moneybarn brand, and together form the UK's largest non-standard vehicle finance group (Moneybarn). Moneybarn provides car finance to non-standard customers in the UK, operating mainly through brokers with additional distribution sourced through independent car dealers and from its website directly to customers. The business offers secured car loans, predominantly through conditional sale agreements and with the car typically used for necessities such as travelling to work rather than for luxury or discretionary purposes.

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Buyer(S) 1

Buyer

Vanquis Banking Group

Bradford, United Kingdom
Category Company
Founded 1880
Sector Financial Services
Employees1,478
Revenue 489M GBP (2023)
DESCRIPTION

Vanquis Banking Group provides personal credit products to the non-standard lending market. The company offers credit cards and loans as Vanquis, Vehicle Finance as Moneybarn. All our credit products are delivered online and are built with customer flexibility in mind. Vanquis Banking Group was founded in 1880 and is headquartered in Bradford, England.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-18 Yes Car Credit

United Kingdom

Yes Car Credit, is a car finance companies serving the sub-prime market. The business is focused on generating profitable finance contracts. Company has a unique, credit-led, integrated business model under which it sells its customers a package of a car, financing and related insurance products.

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