Equity Group / BCDC Bank 2020
Equity Group Holdings acquired BCDC Bank for $95M on August 1, 2020.
- Target
- BCDC Bank
- Acquirer
- Equity Group Holdings
- Deal value
- $95M
- Announced
- August 1, 2020
- Sub-sector
- BaaS
Transaction overview
- Equity Group Holdings announced the acquisition of BCDC Bank on August 1, 2020 for $95M.
Strategic rationale
Migrated BCDC to Equity's Finacle core banking platform to consolidate operations and extend multi-country financial services across East and Central Africa.
Deal terms & multiples
Sources
- hapakenya.com /2020/12/23/equity-group-crosses-ksh-1-trillion-balance-sheet-mark-after-acquisition-of-bcdc-bank/