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.
- The deal is expected to close pending customary conditions.
Strategic rationale
Allica Bank acquires £600M SME loan portfolio to scale lending operations and support underserved UK small businesses.
Deal terms & multiples
Frequently asked questions
When did Allica Bank announce the acquisition of AIB UK Small Business Loan Book?
Allica Bank announced the acquisition of AIB UK Small Business Loan Book on November 23, 2021.
What sub-sector is AIB UK Small Business Loan Book in?
AIB UK Small Business Loan Book is tracked in the Lending sub-sector.
Sources
- crowdfundinsider.com /2021/11/183314-aib-to-sell-uk-small-business-loan-book-to-londons-fintech-challenger-allica-bank/