Multitude Bank / Lea Bank 2024
Multitude Bank acquired Lea Bank on October 10, 2024.
- Target
- Lea Bank
- Acquirer
- Multitude Bank
- Announced
- October 10, 2024
- Sub-sector
- Lending Tech (Consumer)
Transaction overview
- Multitude Bank announced the acquisition of Lea Bank on October 10, 2024.
- The deal is expected to close pending customary conditions.
Strategic rationale
Strengthens presence in Nordic and European digital consumer finance; positions Multitude as largest shareholder with path to ~18.6% ownership and attractive dividend yield.
Deal terms & multiples
Frequently asked questions
When did Multitude Bank announce the acquisition of Lea Bank?
Multitude Bank announced the acquisition of Lea Bank on October 10, 2024.
What sub-sector is Lea Bank in?
Lea Bank is tracked in the Lending Tech (Consumer) sub-sector.
Sources
- ibsintelligence.com /ibsi-news/multitude-bank-acquires-stake-in-norways-lea-bank-in-e15m-deal/