Banco Santander - M&A Summary and Business Overview

Financial ServicesCompany

Banco Santander M&A Summary

Banco Santander has acquired 12 companies, including 5 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 6 assets.

Banco Santander’s largest acquisition to date was in 2008, when it acquired Sovereign Bancorp for $1.9B. It’s largest disclosed sale occurred in 2019, when it sold Banco Santander S.A. - Puerto Rico to First BanCorp. for $63M. Banco Santander has acquired in 2 different US states, and 6 countries. The Company’s most targeted sectors include financial services (80%) and education (10%).

Banco Santander Business Overview

Where is Banco Santander headquartered?

Banco Santander is headquartered in Madrid, Spain.

What is Banco Santander’s revenue?

Banco Santander disclosed revenue of 59,878M EUR for 2023 and 54,216M EUR for 2022.

How many employees does Banco Santander have?

Banco Santander has 211,141 employees.

What sector is Banco Santander in?

Banco Santander is a financial services company.

When was Banco Santander founded?

Banco Santander was founded in 1856.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity10
    • M&A Sell Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 22
  • M&A Advisors 2

Banco Santander

Banco Santander S.A.

Santander Group City Av. de Cantabria s/n Boadilla del Monte,
Madrid, 28660
Spain,
+34 912 89 00 00
www.santander.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 1 1 - - - 10
vol $2.6B $86M $600M $3.3B
Sell (0.0/yr) # 6 - - - - - 6
vol $63M $63M
  16

Most Recent M&A

Company Date Value Type
Amherst Pierpont Securities LLC 2021-07-15 600M USD Add-on Acquisition
New York, New York · www.apsec.com
Elavon, Inc. - Mexico Operations 2020-02-24 86M USD Divestiture
, Mexico
Ebury Partners UK Ltd. 2019-11-04 - Add-on Acquisition
London, United Kingdom · www.ebury.com
Banco Santander S.A. - Puerto Rico 2019-10-21 63M USD Divestiture
, Puerto Rico · www.santander.pr
Thrive Childcare and Education 2019-02-18 - Secondary Buyout
Edinburgh, United Kingdom · www.thrivechildcare.com
WiZink Bank, SAU 2018-11-08 - Divestiture
Madrid, Spain · www.wizink.es
Banco Popular Espanol S.A. 2018-04-24 - Merger
Madrid, Spain · www.grupobancopopular.com
Island Finance LLC 2017-04-03 - Divestiture
San Juan, Prince Edward Island · www.islandfinance.com
we.trade Innovation DAC 2017-01-02 - Joint Venture
Dublin, Ireland · www.we-trade.com
Santander Asset Management Ltd. 2016-11-16 - Stake Purchase
Glasgow, United Kingdom · www.santanderam.co.uk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 8 (80%) 3.3B (100%) 4 (67%) 63M (100%)
Education 1 (10%) - - -
Internet Software and Services 1 (10%) - - -
Business Services - - 1 (17%) -
Renewable Energy - - 1 (17%) -
Total 10 $3.3B 6 $63M

By Geo

State/Country Buy Value Sell Value
United Kingdom 4 - 2 -
Puerto Rico 1 735M 2 63M
  Prince Edward Island 1 735M 1 -
Spain 1 - 2 -
United States 2 2.5B - -
  Pennsylvania 1 1.9B - -
  New York 1 600M - -
Ireland 1 - - -
Mexico 1 86M - -
Domestic 1 (10%) - 2 (33%) -
Cross-border 9 (90%) 3.3B (100%) 4 (67%) 63M (100%)
Total 10 $3.3B 6 $63M

Top M&A Advisors

Legal Deals
Wilmer Cutler Pickering Hale and Dorr
1
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $1.9B
$100M to $1B 2 $1.3B
< $100M 1 $86M
TOTAL $3.3B
Largest Sovereign Bancorp, Inc.
$1.9B (2008-10-12)
sell # Total
< $100M 1 $63M
TOTAL $63M
Largest Banco Santander S.A. - Puerto Rico
$63M (2019-10-21)

M&A Connections

Deals
Acquired from
Investor(s)
40%
4 (40%)
Strategic(s)
20%
2 (20%)
Divested to
Investor(s)
83%
5 (83%)
Strategic(s)
17%
1 (17%)

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