Acquisition of yA Bank, Advisor to Resurs Bank AB
Share the transaction
July 2015 – Acquisition of yA Bank, Advisor to Resurs Bank AB
About the deal
In 2015 Bryan, Garnier & Co acted as sole financial advisor to Resurs Bank in connection with the transaction.
yA Holding entered into a share purchase agreement for the sale of yA Bank and Metatech to Resurs Bank for a total cash consideration of NOK 1.58bn.
Deal team
Erik Furnes | Managing Director | Oslo | Investment Banking | efurnes@bryangarnier.com
Ole Magnus Broch Tenstad | Director | Oslo | Investment Banking | otenstad@bryangarnier.com
About Resurs Bank
Resurs Bank is a fast-growing niche bank offering savings accounts, point of sales financing, unsecured consumer loans, insurance and credit cards. The bank has operations in Sweden, Denmark, Norway and Finland. The bank’s majority owner is Nordic Capital Fund VII.
About yA Bank
yA Bank is an internet-based consumer finance bank focusing on the Norwegian retail market. The bank provides a combination of deposit accounts, unsecured consumer loans and credit cards.