Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.
Co-founded by Dominic Pym and Grant Thomas in 2011, Ferocia is a Melbourne-based software development company comprised of a close-knit team of talented developers and designers, driven by distilling complex problems into simple, elegant solutions that customers love. Up is a global leader in customer growth and continues to generate unparalleled customer engagement within the Australian neobank market.
Bendigo and Adelaide Bank is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007. Powered by technology-led customer experience design and run by an internationally experienced team, this acquisition will allow BEN to grow and advance the Up platform.
Oaklins’ team in Australia is pleased to have acted as M&A corporate advisor to Melbourne-based fintech Ferocia Pty Ltd on its sale to Bendigo and Adelaide Bank (ASX:BEN). The team worked with the founders on complex negotiations with their ASX-100 JV partner, successfully reaching an agreed outcome within a tight timeframe. This transaction adds to Oaklins’ strong track record in advising founder-led businesses on successful exits. The sale also adds to the team’s extensive deal experience within the finance and fintech space.
Prata med transaktionsteamet
Relaterade affärer
Amber-Allen Publishing has sold its publishing assets to Penguin Publishing Group
Amber-Allen Publishing, home to some of the world’s most influential personal development books, most notably “The Four Agreements” by Don Miguel Ruiz and Janet Mills, has sold its publishing assets to Penguin Publishing Group. When the acquisition is complete, the Amber-Allen list will be managed by the TarcherPerigee imprint.
Lär dig merTalan Group has acquired Thinkmax
Talan Group has strengthened its presence in Canada and North America and accelerated international growth with the acquisition of Thinkmax.
Lär dig merSTM Group plc has been acquired by Pension SuperFund Capital
Pension SuperFund Capital, which oversees UK commercial pension consolidator Pension SuperFund, has acquired STM Group plc. The deal is aligned with Pension SuperFund Capital’s wider market aim to provide a comprehensive solution for pension savers and sponsors worldwide, as well as improve pension outcomes. The purchase was made through the Pension Superfund Capital acquisition arm, Bidco, which was formed in 2023 for the purpose of this transaction.
Lär dig mer