Lloyds Banking Group PLC acquires MBNA Ltd.

On December 20, 2016, Lloyds Banking Group PLC acquired MBNA Ltd., a financial services company in United Kingdom, from Bank of America Corp.

Deal at a glance

AnnouncedDecember 20, 2016 TypeDivestiture TargetMBNA Ltd. Buyer Lloyds Banking Group PLC Seller Bank of America Corp SectorFinancial Services LocationUnited Kingdom ValueNot disclosed

Target company

MBNA Ltd.

United Kingdom

Financial Servicessector

-founded

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Buyer

Lloyds Banking Group PLC

Company · 14 deals on record

2nd transaction in financial services
3rd transaction in United Kingdom

14deals, all time

3in this sector

2017latest

Seller

Bank of America Corp

Company · 31 deals on record

31investments

16in this sector

21exits

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Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired MBNA Ltd.?Lloyds Banking Group PLC acquired MBNA Ltd. on December 20, 2016.

Who sold MBNA Ltd.?Bank of America Corp was the seller.

What type of deal was it?It was a divestiture in the financial services sector in 2016.

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