On October 11, 2016, Cinven Partners LLP and CVC Capital Partners Ltd. acquired NewDay Cards Ltd., a financial services company in United Kingdom, from Varde Partners, Inc.
Who acquired NewDay Cards Ltd.?Cinven Partners LLP and CVC Capital Partners Ltd. acquired NewDay Cards Ltd. on October 11, 2016.
Who sold NewDay Cards Ltd.?Varde Partners, Inc. was the seller.
What type of deal was it?It was a secondary buyout in the financial services sector in 2016.