Acquiring Company
Allica Bank
Acquired Company
Tuscan Capital Limited
LondonLondonFinancial ServicesBankingLendingFinancial ServicesDescription
Allica Bank, the digital challenger bank specializing in serving small and medium-sized businesses, has strategically acquired Tuscan, a well-established bridging finance provider in the UK market. This acquisition marks Allica Bank's entry into the bridging market, expanding its financial services offerings.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed