M&A Deal Summary

BGC Acquires Berkeley Point Financial

On July 18, 2017, BGC acquired financial services company Berkeley Point Financial for 875M USD

Acquisition Highlights
  • This is BGC’s 7th transaction in the Financial Services sector.
  • This is BGC’s largest (disclosed) transaction.
  • This is BGC’s 5th transaction in the United States.
  • This is BGC’s 1st transaction in Maryland.

M&A Deal Summary
Date 2017-07-18
Target Berkeley Point Financial
Sector Financial Services
Buyer(s) BGC
Deal Type Add-on Acquisition
Deal Value 875M USD

Target

Berkeley Point Financial

Bethesda, Maryland, United States
website
Berkeley Point Financial LLC is a commercial real estate finance company focused on the origination and sale of multifamily and other commercial real estate loans through government-sponsored and government-funded loan programs, as well as the servicing of commercial real estate loans, including those it originates.

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Buyer(S) 1

Buyer

BGC

New York, New York, United States

website

Category Company
Founded 1945
Sector Financial Services
Employees3,780
Revenue 1.8B USD (2022)
DESCRIPTION

BGC is a global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. BGC was incorporated in 1945 and is based in New York, New York.

DEAL STATS #
Overall 16 of 19
Sector (Financial Services) 7 of 7
Type (Add-on Acquisition) 15 of 18
State (Maryland) 1 of 1
Country (United States) 5 of 6
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Besso Insurance Group

London, United Kingdom

Besso Insurance Group Ltd. is a provider of insurance and reinsurance brokerage solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Ed Broking Group

London, United Kingdom

Ed Broking Group Ltd. is an independent Lloyd's of London insurance broker provides accident and health, aerospace, cargo, energy, financial and political risks, marine, professional and executive risk, property and casualty, specialty and reinsurance. Ed Broking Group was founded in 2010 is based in London, United Kingdom.

Buy -
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