Potential Acquisition of a Belgian Savings Accounts Portfolio

Global banking group

Perform part of the due diligence on a Belgian Savings Accounts Portfolio offered on the market. Purpose was to assess the Operations and IT impact of a potential acquisition and to draft and negotiate an optimal operational transaction plan as part of the envisaged Asset Purchase Agreement (APA).


  • Perform an in-depth due diligence on Operations and IT
  • Ensure all Operations and IT matters are known and clear upfront and included in the APA
  • Define a workable and attractive operational transaction plan


  • Analysis of portfolio data and other information provided via the data room
  • Additional questions to the target and follow-up of answers
  • Analysis of options with IT Delivery Manager, Core Banking System vendor, Security Officer, COO and Legal and Compliance Officers
  • Invention of a proposal for a speedy and smooth initial integration based on a restricted re-use of the authentication data and BIN migration, which also included the solution for a tax issue (accrued interest treatment)
  • Design of an operational transaction plan, gathering of internal validation and presentation to target
  • Assess initially proposed draft Asset Purchase Agreement
  • Liaise with other teams (e.g. tax, risk management, legal and compliance audit, treasury) and draft an overall business case/project plan and list of remarks to be included in the APA (risks, reps and warranties, penalties)


  • In-depth due diligence on Operations and IT
  • Input for APA ready in terms of Operations and IT
  • Contribution to the overall business case
  • Target was pleased with the proposed operational transaction plan, which made the deal more attractive for both sides

Do you want more information or do you have a similar challenge or issue?


Share on linkedin
Share on facebook
Share on twitter
Share on whatsapp
Share on email

Related projects in terms of expertise

Belgian retail direct bank

Thank you!

Your application has been received successfully.

A confirmation has been sent to the provided email.

Please check your spam or junk folder,
in case you do not find a confirmation in your inbox.