M&A Deal Summary

Zopa Acquires DivideBuy

On February 17, 2023, Zopa acquired financial services company DivideBuy from Souter Investments Limited

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

M&A Deal Summary

Date 2023-02-17
Target DivideBuy
Sector Financial Services
Buyer(s) Zopa
Sellers(s) Souter Investments Limited
Deal Type Add-on Acquisition

Target

DivideBuy

Staffordshire, United Kingdom
DivideBuy is a FinTech company which offers interest free credit to customers through selected online and offline retailers. DivideBuy provides interest-free credit to over 300,000 account holders. The company currently has partnerships with over 400 retailers. DivideBuy was founded in 2012 and is based in Staffordshire, United Kingdom.

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Buyer(S) 1

Buyer

Zopa

London, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Zopa is a UK-based bank which provides savings, loans, credit cards, car finance and money management solutions that make finance fairer for all. Zopa 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: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 11 of 12
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
Country: United Kingdom M&A 9 of 10
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Suir Engineering

Waterford, United Kingdom

Suir Engineering is a provider of innovative mechanical, electrical, and instrumentation engineering solutions across Europe. It operates in the following sectors data centres, energy & utilities, pharmaceutical, food and beverage, and renewable energy. Suir Engineering was founded in 1984 and is based in Waterford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Tracerco

Billingham, United Kingdom

Tracerco is a global technology company providing unique and specialized detection, diagnostic, and measurement solutions and services to the global oil & gas, refining, petrochemical, and radiation assurance markets.The company's innovative technologies are used to measure, characterize and control process systems and diagnose operational problems for its customers in all aspects of oil and gas production – from reservoir management and refining to retail outlets for consumer fuel products. Tracerco was founded in 1958 and is based in Billingham, United Kingdom.

Buy -