Allica Bank / AIB UK SME Loan Book 2021
Allica Bank acquired AIB UK Small Business Loan Book on November 23, 2021.
- Target
- AIB UK Small Business Loan Book
- Acquirer
- Allica Bank
- Announced
- November 23, 2021
- Sub-sector
- Lending
Transaction overview
- Allica Bank announced the acquisition of AIB UK Small Business Loan Book on November 23, 2021.
Strategic rationale
Allica Bank acquires £600M SME loan portfolio to scale lending operations and support underserved UK small businesses.
Deal terms & multiples
Sources
- crowdfundinsider.com /2021/11/183314-aib-to-sell-uk-small-business-loan-book-to-londons-fintech-challenger-allica-bank/