Barclays Bank Delaware to Acquire Best Egg for $800 Million

Cleary Gottlieb is representing Barclays Bank Delaware (Barclays USCB), the wholly owned U.S. consumer banking subsidiary of Barclays PLC, in its $800 million acquisition of Best Egg Inc. (Best Egg).

The transaction was announced on October 28, 2025, and closing, expected in the second quarter of 2026, is subject to required regulatory approvals and other conditions.

Best Egg is a leading U.S. direct-to-consumer personal loan origination platform focused on prime borrowers. Since its establishment in 2013, Best Egg has facilitated over $40 billion in personal loans to more than two million customers.

Best Egg complements Barclays USCB’s established partnership-driven credit card business. The transaction strengthens Barclays USCB’s franchise by acquiring digital and risk capabilities in an attractive part of the U.S. consumer finance market and providing significant flexibility in the efficient deployment of lending capacity and capital.

Barclays PLC is a diversified banking and financial services company with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank, and a strong specialist US consumer bank.

For more information, please see the press release.