M&A Deal Summary

CaixaBank S.A., Deutsche Bank, HSBC Holding, KBC Group, IBM, Nordea Bank, Rabobank N.A., Banco Santander, Societe Generale, UBS and UniCredit Acquire we.trade Innovation DAC

On January 2, 2017, CaixaBank S.A., Deutsche Bank, HSBC Holding, KBC Group, IBM, Nordea Bank, Rabobank N.A., Banco Santander, Societe Generale, UBS and UniCredit acquired internet software and services company we.trade Innovation DAC

Acquisition Highlights
  • This is CaixaBank S.A.’s 1st, Deutsche Bank’s 1st, HSBC Holding’s 1st, KBC Group’s 1st, IBM’s 22nd, Nordea Bank’s 1st, Rabobank N.A.’s 1st, Banco Santander’s 1st, Societe Generale’s 1st, UBS’s 1st and UniCredit’s 1st transaction in the Internet Software and Services sector.
  • This is CaixaBank S.A.’s 1st, Deutsche Bank’s 1st, HSBC Holding’s 1st, KBC Group’s 1st, IBM’s 4th, Nordea Bank’s 1st, Rabobank N.A.’s 1st, Banco Santander’s 1st, Societe Generale’s 1st, UBS’s 1st and UniCredit’s 1st transaction in Ireland.

M&A Deal Summary

Date 2017-01-02
Target we.trade Innovation DAC
Sector Internet Software and Services
Buyer(s) CaixaBank S.A.
Deutsche Bank
HSBC Holding
KBC Group
IBM
Nordea Bank
Rabobank N.A.
Banco Santander
Societe Generale
UBS
UniCredit
Deal Type Joint Venture

Target

we.trade Innovation DAC

Dublin, Ireland
we.trade Innovation DAC is a digital trade platform based on the Linux Foundation's Hyperledger Fabric and runs on the IBM Blockchain Platform. We .trade digital platform delivers global trade transactions across trade finance, insurance, and logistics. we.trade Innovation was founded in 2017 and is based in Dublin, Ireland.

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Buyer(S) 11

Buyer

CaixaBank S.A.

Valencia, Spain

Category Company
Founded 1904
Sector Financial Services
DESCRIPTION

CaixaBank, S.A. is a retail banker serving 16 million customers in Spain and Portugal (around 2 million), with 5,379 branches. CaixaBank was forme din 1904 and is based in Valencia, Spain.


DEAL STATS #
Overall 1 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-06 Banco BPI SA

Porto, Portugal

Banco BPI SA is a privately owned bank focused on providing a full range of commercial and personal banking services. Banco BPI was formed in 1981 and is based in Porto, Portugal.

Buy -
Buyer

Deutsche Bank

Frankfurt, Germany

Category Company
Founded 1870
Sector Financial Services
Employees89,426
Revenue 30.0B EUR (2024)
DESCRIPTION

Deutsche Bank is a global banking and financial services company. Deutsche Bank was founded in 1870 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 6 of 7
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 Abbey Life

Bournemouth, United Kingdom

Abbey Life is a life insurance group that specialises in the management of closed life and pension funds predominantly comprising unit-linked life and pensions policies and annuities in payment. ALAC also manages two with-profit funds, other non-profit funds and a small permanent health insurance book. ALAC is authorised by the PRA and regulated by the FCA and the PRA to carry on long term insurance business in the UK. As at 31 December 2015, Abbey Life had approximately 735,000 policyholders and £10 billion of assets under management.

Sell £935M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Deutsche Bank AG - Corporate Services Business

Frankfurt, Germany

Deutsche Bank AG - Corporate Services Business is a provider of management and administration of SPVs and asset holding companies to banks, non-bank financial institutions and corporates. The business specialises in the administration of structures for: Structured Finance transactions (CLOs, CDOs, Securitizations, Mortgage-Backed Securities); Aircraft Leasing; Commercial Real Estate holding; and Investment Funds (mainly private equity and real estate.

Sell -
Buyer

HSBC Holding

London, United Kingdom

Category Company
Founded 1865
Sector Financial Services
Employees211,940
Revenue 67.4B USD (2024)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC was founded in 1865 and is based in London, England.


DEAL STATS #
Overall 6 of 8
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 HSBC Holdings - Quantitative Techniques Operation

London, United Kingdom

HSBC Holdings - Quantitative Techniques Operation is the benchmark and calculation agent business of HSBC Bank plc and creates and maintains more than 100 equity and bond indices for HSBC's Global Markets division as well as over 60 external clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 AXA Singapore

Singapore, Singapore

AXA Singapore is a property and casualty (P&C) insurer. AXA Singapore is based in Singapore.

Buy $575M
Buyer

KBC Group

Brussels, Belgium

Category Company
Founded 1935
Sector Financial Services
Employees33,555
Revenue 11.2B EUR (2024)
DESCRIPTION

KBC Group is an integrated bancassurance group, catering mainly for retail, SME and midcap customers. It concentrates on its home markets of Belgium and certain countries in Central and Eastern Europe. KBC Group was founded in 1935 and is based in Brussels, Belgium.


DEAL STATS #
Overall 1 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 ValueSource Technologies Pvt.

Chennai, India

ValueSource, which has employee strength of over 170 persons, has a dedicated offshore development centre in Chennai. It provides integrated offshoring services in software development and maintenance in financial services and insurance domain, manufacturing and business operation automation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 NN Group N.V. - Bulgarian Pension & Life Business

The Hague, Netherlands

NN Group has developed its business in Bulgaria with Pension and Life insurance products since its entrance into the market in 2001. NN Bulgaria has 138 employees, and the customer base consists of over 400,000 individuals and 400 corporate clients.

Buy €78M
Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 162 of 204
Sector: Internet Software and Services M&A 22 of 25
Type: Joint Venture M&A Deals 2 of 2
Country: Ireland M&A 4 of 4
Year: 2017 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Fluid - Expert Personal Shopper

San Francisco, California, United States

Fluid, Inc. - Expert Personal Shopper is a provider of IT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Agile 3 Solutions

San Francisco, California, United States

Agile 3 Solutions is a provider of a comprehensive, business-friendly dashboard and intuitive data risk control center to help uncover, analyze, and visualize data-related business risks, so business leaders can take action to proactively protect their business.

Buy -
Buyer

Nordea Bank

Helsinki, Finland

Category Company
Founded 1820
Sector Financial Services
Employees29,844
Revenue 12.0B EUR (2024)
DESCRIPTION
Nordea's corporate headquarters in central Stockholm.
Nordea's corporate headquarters in central Stockholm.

Nordea is a financial services group in Northern Europe. Nordea has leading positions within corporate and institutional banking as well as retail banking and private banking. It is also the leading provider of life and pensions products in the Nordic countries. Nordea Bank was founded in 1820 and is based in Helsinki, Finland.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 PMC Hydraulics Group AB

Helsingborg, Sweden

PMC Hydraulics Group AB is a provider of innovative hydraulic systems and components for customers in the industrial, energy, mobile and marine sectors. PMC Hydraulics was formed in 1957 and is based in Helsingborg, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 Danske’s Personal Customer and Private Banking Business

Norway

Danske’s Personal Customer and Private Banking Business offers value creation opportunities through clear revenue and cost synergies.

Buy -
Buyer

Rabobank N.A.

Roseville, California, United States

Category Company
Founded 1981
Sector Financial Services
DESCRIPTION

Rabobank, N.A. provides Personal and Business banking products. Agricultural products are offered by Rabobank, N.A., Rabo AgriFinance, and Rabobank International.


DEAL STATS #
Overall 2 of 4
Sector: Internet Software and Services M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Rabobank - Redding Branch

Redding, California, United States

Rabobank - Redding Branch is a provider of financial services in redding.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 ZorgDomein Nederland B.V.

Breukelen, Netherlands

ZorgDomein Nederland B.V. provides SaaS-based solutions to the Dutch healthcare sector. The Company connects various types of healthcare providers to patients through digital patient referrals, diagnostic requests and consultations. ZorgDomein Nederland was founded in 2000 and is based in Breukelen, Netherlands.

Buy -
Buyer

Banco Santander

Madrid, Spain

Category Company
Founded 1856
Sector Financial Services
Employees206,736
Revenue 63.8B EUR (2024)
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 5 of 10
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Santander Asset Management

Glasgow, United Kingdom

Santander Asset Management is the asset management division of the Santander Group, the largest bank in the Eurozone by market capitalization. Santander Asset Management is present in 11 countries in Europe, Latin America and North America and has asset under management of over EUR 152 billion through mutual funds, pension funds and institutional mandates which invest in a wide range of underlying assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Island Finance

San Juan, Puerto Rico

Island Finance is a consumer-finance company based in Puerto Rico that provides personal loans and real estate-secured lending to individuals via a network of branches across the island. Island Finance was formed in 1959 and is headquartered in San Juan, Puerto Rico

Sell -
Buyer

Societe Generale

Paris, France

Category Company
Founded 1864
Sector Financial Services
Employees111,754
Revenue 52.5B EUR (2024)
DESCRIPTION

Societe Generale is a provider of retail banking, insurance, private banking, investment management, and corporate and investment banking services. Societe Generale was founded in 1864 and is based in Paris, France.


DEAL STATS #
Overall 4 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 SG Vestia Systems

Toronto, Ontario, Canada

SG Vestia Systems, Inc. provides employee equity plan administration services to North American and European clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 UNITe

Lyon, France

UNITe is an independent electricity producer and operates a portfolio of 21 hydroelectric facilities. The entity has 42 MW in installed capacity and generates 148 GWh in electricity from renewable sources. UNITe was founded in 1985 and is based in Lyon, France.

Sell -
Buyer

UBS

Zurich, Switzerland

Category Company
Founded 1862
Sector Financial Services
Employees106,789
Revenue 45.3B USD (2024)
DESCRIPTION
Entrance to UBS' corporate headquarters in Zurich, Switzerland.
Entrance to UBS' corporate headquarters in Zurich, Switzerland.

UBS is a retail and commercial bank providing financial services to private, corporate, and institutional clients. UBS was founded in 1862 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 3 of 5
Sector: Internet Software and Services M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Equatex AG

Zurich, Switzerland

Equatex AG is a provider of international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America. Equatex AG is based in Zurich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-07 UBS Delta

United Kingdom

UBS Delta is a provider of portfolio analysis and risk management system that enables clients to measure risk and performance across fixed income, commodities, equities and FX. UBS Delta is one of very few multi-asset risk and performance vendors with origins as a front-office fixed income analytics tool. Our primary differentiators remain fixed income risk and attribution, built on market-leading curves, and supported by excellent client service, flexible reporting and a hosted infrastructure optimised for on-the-fly analysis. Today, UBS Delta is a fully-fledged multi-asset risk and performance tool geared for use in middle- and front-office, across Equities, Fixed Income and alternative asset classes.

Sell -
Buyer

UniCredit

Milan, Italy

Category Company
Founded 1870
Sector Financial Services
Employees70,752
Revenue 26.6B EUR (2024)
DESCRIPTION

UniCredit is a provider of commercial banking services. The Bank offers consumer credit, mortgages, life insurance, business loan, investment banking, asset management, and other services. UniCredit was founded in 1870 and is based in Milan, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Pioneer Global Asset Management

Milano, Italy

Pioneer Global Asset Management S.p.A. is a global asset manager with a presence in 28 countries and an experienced team of over 2,000 employees, including more than 350 investment professionals. Pioneer Investments is known internationally as one of the leading fixed income managers across all strategies, and offers strong capabilities in European, US and global equities, as well as multi-asset and outcome-oriented, non-traditional products.

Sell €3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Ocean Breeze Energy & Co. KG

Bremen, Germany

Ocean Breeze Energy GmbH & Co. KG is the owner and operator of the wind farm, BARD Offshore 1 (BO1), about 100 km off the German North Sea coast. BO1, Germany's first commercial and currently the most powerful offshore wind farm, has been fully connected to the electricity grid since September 2013. With a capacity of 80 wind turbines of the 5-megawatt class, a rated output of 400 megawatts will be achieved - equivalent to the electricity requirement of more than 400,000 households.

Sell -