Resurs Bank £126 million acquisition of yA Bank

Overview:

• Sweden-based Resurs Bank - controlled by private equity funds advised by Nordic Capital - acquired Norway-based yA Bank in a NKr1.58 billion deal.
• The deal applied an non-traditional structure for the acquisition of an Norwegian OTC-listed company as it was structured as an asset sale of its subsidiaries with a subsequent liquidation of the seller, rather than a public takeover offer for the seller.
• Resurs financed the deal with existing funds and new shares.
• yA Bank focuses on consumer finance.
• The deal was first announced in July, 2015.

Kurt Stumpo - Journalist