Corporate Financier’s Notes

Dealmaking

Ken Griffin, a hedge fund billionaire, has sold a USD 1.2 billion stake in Citadel Securities to Sequoia and Paradigm, venture capital firms. The deal values the trading firm at about USD 22 billion.

Source: FT

ALD, a Paris-listed car leasing business of Societe Generale, has…

Design by Artis Briedis, Photo by Joe Taylor on Unsplash

Corporate Financier’s Notes by Aivars Jurcans

Dealmaking

Tencent, a Chinese tech group, has taken a stake in Monzo, a UK digital bank, by joining a funding round that values Monzo at USD 4.5 billion.

Source: FT

China Cinda Asset Management, a state-owned asset manager, has taken a 24% stake in…

Corporate Financier’s Notes

Done! And Done

BNP Paribas has agreed to sell Bank of the West, a California-based lender, to BMO Financial, a Canadian bank, for USD 6.3 billion in cash. The deal values BancWest at 1.7x times its tangible book value.

Source: FT

Schroders, a UK money manager, has…

Corporate Financier’s Notes

Done! And Done

Ebanx, a Brazilian fintech backed by Advent International (a US private equity firm), has acquired Remessa Online, an international money transfer firm, for over USD 211.74. Remessa has served 350,000 companies and individuals, totalling USD 5.2 …

Corporate Financier’s Notes

Done! And Done

Dock, a Brazilian fintech backed by Visa, has acquired Cacao Paycard Solutions, a Mexico-based card processing solutions company.

Source: Bloomberg

MKM Partners, a US equity research and trading boutique, has been acquired by Freedom Holding Corp, an Almaty-based Kazakhstani brokerage, in a cash and…

Corporate Financier’s Notes

Done! And Done

Republic, a US startup investing platform, has agreed to acquire Seedrs, a UK crowdfunding business, for USD 100 million.

Source: FT

Crypto.com, a Singapore-based cryptocurrency exchange, has agreed to acquire IG Group’s stakes in a US futures exchange and a binary trading group for…

Corporate Financier’s Notes

Done! And Done

Cowen, a New York-based financial services firm, has agreed to buy Portico Capital Advisors, an advisory firm focused on dealmaking in the software industry. The size of the deal was not disclosed, but would comprise 75% in cash 25% in stock.

Source: Reuters

VTB

Corporate Financier’s Notes

Done! And Done

Lemonade, a US car insurer, has agreed to acquire Metromile, a San Francisco-based “pay per mile” insurer, in a deal that values the company at roughly USD 500 million.

Source: Bloomberg

Caixabank, a Spanish lender, has sold its 9.92% stake in Erste Group Bank…

Corporate Financier’s Notes

Done! And Done

Klarna, a Swedish payments firm, has agreed to buy Pricerunner, a price comparisons company, from Creades, a Swedish investment firm, for USD 124.36 million. Klarna will pay 40% of the price in cash and the rest with Klarna shares.

Source: Reuters

The management of…

Aivars Jurcans

Aivars Jurcans has more than 20 years of corporate finance and investment banking experience.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store