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.
- The deal is expected to close pending customary conditions.
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
Frequently asked questions
How much did Equity Group Holdings pay for BCDC Bank?
Equity Group Holdings acquired BCDC Bank for $95M, announced on August 1, 2020.
When did Equity Group Holdings announce the acquisition of BCDC Bank?
Equity Group Holdings announced the acquisition of BCDC Bank on August 1, 2020.
What sub-sector is BCDC Bank in?
BCDC Bank is tracked in the BaaS sub-sector.
Sources
- hapakenya.com /2020/12/23/equity-group-crosses-ksh-1-trillion-balance-sheet-mark-after-acquisition-of-bcdc-bank/