Varde/SAV
Transaction details
The proposed acquisition by Varde Partners Inc. (on behalf of itself and Varde Affiliated Funds) of the entire issued share capital of SAV Credit Limited has been cleared by the Competition Authority.
Case details
- Notification date:9 October 2011
- Publication date:9 October 2011
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Outcome:Cleared
Documents
M.11.033 Merger AnnouncementPDF | 49 KBM.11.033 Merger Announcement PDF | 49 KB - Opens in new window
M.11.033 DeterminationPDF | 67 KBM.11.033 Determination PDF | 67 KB - Opens in new window
Timetable
Parties Involved
Varde Partners Inc.
Varde Partners is a leading global investor in credit and event-driven strategies with over US$7 billion assets under management.
SAV Credit Limited
SAV was founded in 2000, and is a leading UK specialist credit card lender with around 500,000 accounts and around £600 million in credit card assets under management.
Contacts
