Advanzia Bank €30 million acquisition of Catella Bank card servicing operations

18/12/2018

Private acquisition

Value:

€ 30 million

Dollar value:

$ 33.440 million

Status:

Announced

Date:

18/12/2018

Overview:

Advanzia Bank, an European online direct bank specialising in credit cards and payment solutions, has agreed to acquire the credit card servicing portfolio for private banks of Catella Bank.

Prin Shasiharan - Researcher

Jurisdiction:

Luxembourg

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:

Allen & Overy

Party: Advanzia Bank (Acquirer)

Lawyers: Jacques Graas, Marc Feider

Elvinger Hoss Prussen

Party: Catella Bank (Seller)

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