Shareholders of the company ultimately holding MeDirect Bank are mulling over an offer they have received, according to the bank, who says that the process is still “at an early stage”.

On Monday, the bank issued a notice to market to say that it “has become aware of an offer made to all shareholders of Medifin Finance Limited (MFL), the direct shareholder of MDB Group Limited, which is the parent company of the Bank, relating to their shares in MFL.

“The Bank will make further announcements as appropriate.”

When contacted for comment, a spokesperson for MeDirect said they could not share details about the identity or primary jurisdiction of residence of the entity behind the offer, nor about the nature of the offer.

They tell WhosWho.mt that “the offer described in the Bank’s announcement dated 29th May relates to a proposed private transaction between a third-party and shareholders of Medifin Finance Limited.

“The offer is at an early stage, and any transaction resulting from the offer would involve a long process including full regulatory review.

“As such, it would be premature to comment further at this time.”

They added that MeDirect, as part of its ongoing capital management, “has been working on a regular basis with its ultimate shareholder, AnaCap Financial Partners II L.P., to support the growth of its WealthTech and lending operations by bringing additional capital and resources to the Bank.”

AnaCap Financial Partners II L.P. is a fund managed a AnaCap Financial Partners LLP, a UK-based private equity firm that took over what was then-known as Mediterranean Bank in 2009.

Mediterranean Bank was founded in 2004.

The name change occurred in 2017, when it adopted the name of its Belgian subsidiary, having entered the Belgian market in 2013.