Scotia Bank M&A Summary
Scotia Bank has acquired 8 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.
Scotia Bank’s largest acquisition to date was in 2012, when it acquired ING Bank of Canada for $2.4B. It’s largest disclosed sale occurred in 2019, when it sold The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations to OFG Bancorp for $560M. Scotia Bank has acquired in 1 US state, and 5 countries. The Company’s most targeted sectors include financial services (86%) and internet software and services (15%).
M&A Summary
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M&A Total Activity10
- M&A Buy Activity7
- M&A Sell Activity3
- Total Sectors Invested 2
- Total Countries Invested 5
- M&A Buy/Sell Connections 9
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