M&A Deal Summary |
|
|---|---|
| Date | 2021-11-08 |
| Target | BMO - EMEA Asset Management Business |
| Sector | Financial Services |
| Buyer(s) | Ameriprise Financial |
| Sellers(s) | BMO |
| Deal Type | Divestiture |
| Deal Value | 615M GBP |
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| Category | Company |
|---|---|
| Founded | 1894 |
| Sector | Financial Services |
| Employees | 13,500 |
| Revenue | 14.3B USD (2022) |
Ameriprise Financial is a diversified financial services company. Ameriprise offers a broad range of products and services designed to achieve the financial objectives of individual and institutional clients. Ameriprise's wealth management capabilities are centered on long-term, personal relationships between clients and financial advisors. Through its advisors, Ameriprise offers financial planning, products and services designed to be used as solutions for clients' cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer needs. Ameriprise's asset management business offers a broad spectrum of investment advice and products to individual, institutional and high-net worth investors. Ameriprise Financial was incorporated in 1894 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Financial Services) | 6 of 6 |
| Type (Divestiture) | 3 of 3 |
| Country (United Kingdom) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-02 |
Ameriprise Financial - Auto & Home Business
De Pere, Wisconsin, United States Ameriprise Financial, Inc. - Auto & Home Business is a property-casualty insurance provider that primarily sells its products through partnership with wholesale retailer Costco. AAH is based in De Pere, Wisconsin. |
Sell | $1.1B |
| Category | Company |
|---|---|
| Founded | 1817 |
| Sector | Financial Services |
| Employees | 46,000 |
| Revenue | 26.3B CAD (2022) |
BMO is a diversified financial services provider. BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. BMO was founded in 1817 and is based in Montreal, Quebec.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-11 |
Domtar
Fort Mill, South Carolina, United States Domtar is a provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp, and air-laid nonwovens. Domtar was founded in 1848 and is based in Fort Mill, South Carolina. |
Buy | $3.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-20 |
Radicle Group
Calgary, Alberta, Canada Radicle Group is a developer of an advanced software platform to measure, qualify, and aggregate greenhouse gas emissions, the company has taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle Group was founded in 2008 and is based in Calgary, Alberta. |
Buy | - |
