Finance
UK's NewDay Group draws takeover interest from bidders, Sky News reports
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
NewDay Group is attracting takeover interest from Bain Capital, Pimco, and KKR, with a valuation of £1.7 billion. Pimco is interested in the consumer loan book.
(Reuters) -British financial services firm NewDay Group has attracted takeover interest for parts or all of its business, including a bid from a Bain Capital-led consortium, Sky News reported on Thursday.
The company has also drawn interest from asset management firm Pimco and private equity firm KKR, according to the report, which estimated NewDay could be worth around 1.7 billion pounds ($2.26 billion).
Pimco is specifically eyeing a deal to acquire NewDay's consumer loan book rather than the entire company, Sky News reported.
Pimco and KKR did not immediately respond to Reuters requests for comment. Cinven and CVC Capital Partners, the private equity firms which own NewDay, and Bain Capital declined to comment.
The news comes a few months after NewDay bought Argos Financial Services cards portfolio from Britain's second-largest supermarket group Sainsbury for about 720 million pounds.
($1 = 0.7514 pounds)
(Reporting by Anandita Mehrotra in Bengaluru and Andres Gonzales, Charlie Conchie and Anousha Sakoui in London; Editing by Leroy Leo and Shounak Dasgupta)
The main topic is the takeover interest in NewDay Group by major financial firms like Bain Capital, Pimco, and KKR.
Bain Capital, Pimco, and KKR have shown interest in acquiring parts or all of NewDay Group.
Pimco is specifically interested in acquiring NewDay's consumer loan book.
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