Warburg Pincus Makes Minority Investment in United Trust Bank
December 12, 2024
Warburg Pincus has agreed to acquire a minority equity interest in United Trust Bank (UTB), valuing the specialist UK banking group at approximately £520 million. The growth capital investment — subject to regulatory approvals — will support UTB's continued expansion into new products and balance-sheet growth; UTB serves ~60,000 deposit customers with assets approaching £4 billion.
- Buyers
- Warburg Pincus
- Targets
- United Trust Bank
- Sellers
- Majority shareholders of United Trust Bank
- Industry
- Financial Services
- Location
- England, United Kingdom
- Transaction Type
- Growth capital
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