Since 2014, specialising in Mergers & Acquisitions
Banco Santander will combine its asset management arm with Pioneer Investments, a unit of Unicredit. The combined company will manage $429 bn in assets. This deal follows the recent trend in the M&A activity of Asset and Wealth Management firms. Enhancements to profitability, economies of scope and scale, and regulatory compliance are amongst the main … Continue reading A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS
Spanish institution Banco Sabadell (SAB.MC) agrees to pay £1.7 bn for TSB (TSB.L), Britain's seventh biggest lender with 631 branches and 4.3% market share, in one of the biggest cross-border banking deals since the financial crisis. Formally announced on March 12, the deal was also welcomed by the UK Treasury as “a vote of confidence … Continue reading AN EMERGING INTERNATIONAL BANK: SABADELL BUYS TSB FOR £1.7 BN
Springleaf Holdings Inc. set to buy Citigroup Inc’s OneMain Financial Holdings for $4.25bn in cash, forming the largest subprime lender in the United States. Citigroup’s strategy to sell its non-core operations and focus on wealthier clients produces the combined entity with $15bn dollars in assets, 2000 branches, and a capacity to serve the growing subprime … Continue reading A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF
The Kotak Mahindra Bank’s all-share acquisition of the mid-sized player ING Vysya has been agreed for at a value of 150 billion Rs, around $2.4 billion. Announced on November 20, 2014, the Kotak Mahindra – ING Vysya deal becomes India’s biggest financial institutions takeover, exceeding the 2008 HDFC Bank Ltd.’s purchase of Centurion Bank of … Continue reading KOTAK MAHINDRA BUYS ING VYSYA AND DOUBLES ITS SIZE
Bocconi Students M&A Circle 
You must be logged in to post a comment.