Morgan Stanley - M&A Summary and Business Overview

Financial ServicesCompany

Morgan Stanley M&A Summary

Morgan Stanley has acquired 5 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 9 assets.

Morgan Stanley’s largest acquisition to date was in 2020, when it acquired E*TRADE Financial for $13.0B. It’s largest disclosed sale occurred in 2007, when it sold Quilter Holdings to Citigroup for $8.9B. Morgan Stanley has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include financial services (60%) and business services (20%).

Morgan Stanley Business Overview

Where is Morgan Stanley headquartered?

Morgan Stanley is headquartered in New York, New York.

What is Morgan Stanley’s revenue?

Morgan Stanley disclosed revenue of 50,210M USD for 2022 and 56,414M USD for 2021.

How many employees does Morgan Stanley have?

Morgan Stanley has 82,000 employees.

What sector is Morgan Stanley in?

Morgan Stanley is a financial services company.

When was Morgan Stanley founded?

Morgan Stanley was founded in 1924.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity5
    • M&A Sell Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

Morgan Stanley

Morgan Stanley & Co.

1585 Broadway,
New York, New York 10036
United States,
(212) 761-4000
www.morganstanley.com

Morgan Stanley is a global financial services firm that provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Morgan Stanley's business segments include institutional securities, wealth management, and investment management. Morgan Stanley was formed in 1924 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 2 2 - 1 - - 5
vol $1.6B $20.0B $21.6B
Sell (0.2/yr) # 8 - 1 - - - 9
vol $10.7B $10.7B
  14

Most Recent M&A

Company Date Value Type
American Financial Systems, Inc. 2022-06-22 - Add-on Acquisition
Waltham, Massachusetts · www.afs-link.com
E*TRADE Financial Corp. 2021-04-20 - Divestiture
New York City, New York · www.etrade.com
Eaton Vance Corp. 2020-10-08 7.0B USD Add-on Acquisition
Boston, Massachusetts · www.eatonvance.com
E*TRADE Financial Corp. 2020-02-20 13.0B USD Add-on Acquisition
New York City, New York · www.etrade.com
Solium Capital, Inc. 2019-02-11 836M CAD Add-on Acquisition
Calgary, Alberta · www.solium.com
Morgan Stanley's Global Oil Merchanting business 2015-05-11 - Divestiture
, United States
Morgan Stanley International Oil Merchanting Business 2013-12-23 - Divestiture
New York, New York
Morgan Stanley’s Global Stock Plan Services business (GSPS EMEA) 2013-06-03 - Divestiture
New York, New York
Quilter & Co. Ltd. (Quilter Cheviot) 2012-01-24 269M GBP Divestiture
London, United Kingdom · www.quilter.co.uk
Van Kampen Investments, Inc. 2009-10-19 1.5B USD Divestiture
Oakbrook Terrace, Illinois · www.vankampen.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (60%) 20.7B (96%) 6 (67%) 10.4B (97%)
Business Services 1 (20%) - 1 (11%) 269M (3%)
Internet Software and Services 1 (20%) 836M (4%) - -
Energy Services and Equipment - - 1 (11%) -
Oil/Gas Exploration - - 1 (11%) -
Total 5 $21.6B 9 $10.7B

By Geo

State/Country Buy Value Sell Value
United States 4 20.7B 7 1.5B
  New York 1 13.0B 4 -
  Illinois 1 745M 2 1.5B
  Massachusetts 2 7.0B - -
United Kingdom - - 2 9.2B
Canada 1 836M - -
  Alberta 1 836M - -
Domestic 4 (80%) 20.7B (96%) 7 (78%) 1.5B (14%)
Cross-border 1 (20%) 836M (4%) 2 (22%) 9.2B (86%)
Total 5 $21.6B 9 $10.7B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Credit Suisse Investment Banking
1
Legal Deals
Davis Polk & Wardwell
1
Osler
1

Deal Values

buy # Total
> $1B 2 $20.0B
$100M to $1B 2 $1.6B
TOTAL $21.6B
Largest E*TRADE Financial Corp.
$13.0B (2020-02-20)
sell # Total
> $1B 2 $10.4B
$100M to $1B 1 $269M
TOTAL $10.7B
Largest Quilter Holdings Ltd.
$8.9B (2007-03-01)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Investor(s)
11%
1 (11%)
Strategic(s)
67%
6 (67%)

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