M&A Deal Summary

Banco Santander Acquires Elavon - Mexico Operations

On February 24, 2020, Banco Santander acquired financial services company Elavon - Mexico Operations from Elavon for 86M USD

Acquisition Highlights
  • This is Banco Santander’s 7th transaction in the Financial Services sector.
  • This is Banco Santander’s 4th largest (disclosed) transaction.
  • This is Banco Santander’s 1st transaction in Mexico.

M&A Deal Summary
Date 2020-02-24
Target Elavon - Mexico Operations
Sector Financial Services
Buyer(s) Banco Santander
Sellers(s) Elavon
Deal Type Divestiture
Deal Value 86M USD

Target

Elavon - Mexico Operations

Mexico
Elavon's Mexico Operations provides payment processing solutions.

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Buyer(S) 1

Buyer

Banco Santander

Madrid, Spain

website

Category Company
Founded 1856
Sector Financial Services
Employees190,751
Revenue 54.2B EUR (2022)
DESCRIPTION

Banco Santander is a financial group operating principally in Spain, the UK, Portugal, and Brazil. Banco Santander is a provider of commercial and retail banking financial services. Banco Santander was founded in 1856 and is based in Madrid, Spain.

DEAL STATS #
Overall 9 of 10
Sector (Financial Services) 7 of 8
Type (Divestiture) 2 of 2
Country (Mexico) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Ebury Partners UK

London, United Kingdom

Ebury Partners UK Ltd. is a global finance specialist operates on a unique worldwide distribution platform underpinned by a data-driven business model and offers best-in-class customer experience and product capabilities. Ebury was formed in 2009 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Amherst Pierpont Securities

New York, New York, United States

Amherst Pierpont Securities is an independent broker-dealer that provides to institutional clients liquidity, execution services, and strategic advice pertaining to the US Treasury, federal agency, and repurchase markets. The firm has assembled a group of talented and seasoned professionals recruited from many of the leading global financial institutions. Amherst Pierpont Securities is based in New York.

Buy $600M

Seller(S) 1

SELLER

Elavon

Atlanta, Georgia

website

Category Company
Founded 1991
Sector Business Services
Employees1,400
DESCRIPTION

Elavon Inc. provides payment processing solutions and services for large enterprises and locally-owned small businesses in the United States, Europe, Canada, Mexico, Brazil, and Puerto Rico.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 The Sage Group - Sage Pay

United Kingdom

The Sage Group plc's Sage Pay is a provider of payment gateway solutions in the United Kingdom and Ireland.

Buy -
Mergr

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