A London-based upmarket concierge group founded in 2014 is in the crosshairs of Capital One Financial, the US-headquartered credit card giant, Sky News understands
Capital One, the American credit card giant, is poised to swoop on a British luxury concierge service in a deal said to be worth hundreds of millions of dollars.
Sky News has learned that Capital One Financial Corp has struck a deal to acquire Velocity Black, which was founded in 2014 and offers its well-heeled members priority access to upmarket events and experiences.One added that it could value the business at about $300m , although that valuation could not be confirmed on Wednesday.
If completed, the deal would offer Capital One a way to attract and retain high-spending customers amid a constant battle between companies like it and American Express.
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