Jan 27Banking M&A Digest #160 (27.1.2022)Corporate Financier’s Notes Dealmaking AssetCo, an AIM-listed company with almost GBP 50 billion in assets under management, has agreed to acquire River and Mercantile, another asset manager, in an all-share deal that values the business at almost GBP 100 million. Source: FT Diem Association, a cryptocurrency initiative once known as…Corporate Finance2 min read
Jan 20Banking M&A Digest #159 (20.1.2022)Corporate Financier’s Notes Dealmaking Citigroup has agreed to sell its consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank, a Singapore lender. …Corporate Finance2 min read
Jan 13Banking M&A Digest #158 (13.1.2022)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…Corporate Finance2 min read
Jan 6Banking M&A Digest #157 (6.1.2022)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 Finance2 min read
Dec 23, 2021Banking M&A Digest #156 (23.12.2021)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 Finance2 min read
Dec 16, 2021Banking M&A Digest #155 (16.12.2021)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 Finance3 min read
Dec 9, 2021Banking M&A Digest #154 (9.12.2021)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 Finance2 min read
Dec 2, 2021Banking M&A Digest #153 (2.12.2021)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 Finance3 min read
Nov 25, 2021Banking M&A Digest #152 (25.11.2021)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…Mergers And Acquisitions3 min read
Nov 18, 2021Banking M&A Digest #151 (18.11.2021)Corporate Financier’s Notes Done! And Done BBVA, a Spanish bank, has launched a takeover bid for the 50.2% of shares it does not own in Garanti Bank, a Turkish lender. The stake is valued at about EUR 2.2 billion. …Corporate Finance3 min read
