ETrade Mergers and Acquisitions Summary

Financial Services Company

ETrade has acquired 5 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

ETrade’s largest acquisition to date was in 2005, when it acquired BrownCo for $1.6B. It’s largest disclosed sale occurred in 2008, when it sold E*TRADE Canada to The Bank of Nova Scotia for $442M. ETrade has acquired in 5 different US states. The Company’s most targeted sectors include internet software and services (60%) and business services (20%).

Join Mergr and gain access to ETrade’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

E*TRADE Financial Corp. (ETrade)

11 Times Square 32nd Floor,
New York City, New York 10020
United States,
(646) 521-4300
www.etrade.com

E*TRADE Financial Corp. is a financial services company that provides online brokerage, investing, and related banking solutions. E*TRADE Financial was founded in 1982 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $2.3B $725M $3.0B
Sell (0.0/yr) # 1 - - - - - 1
vol $442M $442M
  6

Most Recent M&A

Company Date Value Type
Aperture Group LLC (OptionsHouse) 2016-07-25 725M USD Add-on Acquisition
Chicago, Illinois · www.optionshouse.com
Cake Financial Corp. 2010-01-14 - Add-on Acquisition
San Francisco, California · www.cakefinancial.com
E*TRADE Canada 2008-07-14 442M USD Divestiture
Toronto, Ontario
BrownCo LLC 2005-09-29 1.6B USD Divestiture
Boston, Massachusetts
HARRISdirect LLC 2005-08-08 700M USD Divestiture
Jersey City, New Jersey
Card Capture Services, Inc. 2001-05-25 - Add-on Acquisition
Portland, Oregon
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 3 (60%) 2.3B (77%) 1 (100%) 442M (100%)
Business Services 1 (20%) - - -
Financial Services 1 (20%) 700M (23%) - -
Total 5 $3.0B 1 $442M

By Geo

State/Country Buy Value Sell Value
United States 5 3.0B - -
  Oregon 1 - - -
  New Jersey 1 700M - -
  Massachusetts 1 1.6B - -
  Illinois 1 725M - -
  California 1 - - -
Canada - - 1 442M
  Ontario - - 1 442M
Domestic 5 (100%) 3.0B (100%) - -
Cross-border - - 1 (100%) 442M (100%)
Total 5 $3.0B 1 $442M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 1 $1.6B
$100M to $1B 2 $1.4B
TOTAL $3.0B
Largest BrownCo LLC
$1.6B (2005-09-29)
sell # Total
$100M to $1B 1 $442M
TOTAL $442M
Largest E*TRADE Canada
$442M (2008-07-14)

M&A Connections

Deals %
Acquired from
PE Firm(s)
50%
2 50%
Strategic(s)
50%
2 50%
Divested to
Strategic(s)
100%
1 100%

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