Atom bank Plc, the UK based digital lender offering banking and loan services to small and medium-sized enterprises through a mobile phone application, has raised GBP 100m from Banco Bilbao Vizcaya Argentaria SA (BBVA), the Spain based diversified international financial group, Toscafund Asset Management LLP, the UK based multi-asset alternative investment management company, and Infinity Investment Partners, the UK based independent investment firm, valuing the company at GBP 362m. Following this round, BBVA remains Atom’s leading shareholder.
Target – Atom Bank PLC
Buyer – Toscafund Asset Management LLP
Buyer – Banco Bilbao Vizcaya Argentaria s.a.
Buyer – Infinity Investment Partners limited
Seller – Shareholders