Divestiture • Financial Services

Warburg Pincus Acquires Singular Bank

On June 5, 2018, private equity firm Warburg Pincus acquired financial services company Singular Bank from Boursorama S.A

Acquisition Context
  • This is Warburg Pincus’ 33rd transaction in the Financial Services sector.
  • This is Warburg Pincus’ 5th transaction in Spain.

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M&A Deal Summary

Date June 5, 2018
Target Singular Bank
Sector Financial Services
Buyer(s) Warburg Pincus
Sellers(s) Boursorama S.A
Deal Type Divestiture

Target Company

Singular Bank

Madrid, Spain
Singular Bank is an online wealth management provider with a broad suite of banking and wealth management products including savings accounts, payroll accounts, equity, CFD and over 2,000 investment funds. Singular Bank was founded in 2000 and is based in Madrid, Spain.
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Buyer Overview 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Buyer #
Overall 372 of 493
Sector: Financial Services 33 of 48
Type: Divestiture 12 of 21
Country: Spain 5 of 5
Year: 2018 21 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Keystone Dental

Burlington, Massachusetts, United States

Keystone Dental is a provider of dental implant and biomaterial technologies. Keystone Dental delivers advanced, easy-to-use implants, biomaterials and planning software for dental professionals. Keystone Dental was founded in 2006 and is based in Burlington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Ant Group

Hangzhou, China

Ant Group is focused on serving small and micro enterprises, as well as consumers. Ant Group is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Ant Financial Services Group was founded in 2004 and is based in Hangzhou, China.

Buy -

Seller Profile 1

SELLER

Boursorama S.A

Frankfurt, Germany

Category Company
Sector Financial Services
DESCRIPTION

Boursorama S.A. Zweigniederlassung Frankfurt Am Main operates as a bank.


Deal Context for Seller #
Overall 2 of 2
Sector: Financial Services 2 of 2
Type: Divestiture 2 of 2
Country: Spain 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-20 Veritas Investment

Frankfurt, Germany

Veritas Investment GmbH is an investment company under German law, Veritas has since successfully positioned itself in the German market.

Sell -

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