Monzo

Digital bank Monzo is currently engaged in early-stage discussions with both Brazilian digital bank Nubank and private equity firm Advent International regarding a potential sale or significant investment, which could value the UK bank at up to £10 billion.

Summary of transaction details:

• Value: Up to £10 billion (between £8bn and £10bn)
• Sector: Fintech (Digital Banking)
• Advisor: Morgan Stanley, Qatalyst
• Key Entities: Monzo (Target), Nubank (Potential Acquirer/Investor), Advent International (Potential Acquirer/Investor)
• Location: UK (Monzo), Brazil (Nubank), USA (Advent International)

Note: The article indicates that discussions are ongoing for both an M&A exit and a venture capital-led investment, with a deal possibly leading to Monzo's acquisition by Nubank or a significant private equity investment from Advent International to fuel its European expansion.