M&A Deal Summary |
|
|---|---|
| Date | 2021-02-23 |
| Target | Wells Fargo Asset Management |
| Sector | Financial Services |
| Buyer(s) |
GTCR
Reverence Capital Partners |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
| Deal Value | 2.1B USD |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 118 of 139 |
| Sector (Financial Services) | 9 of 11 |
| Type (Divestiture) | 9 of 12 |
| State (California) | 10 of 11 |
| Country (United States) | 114 of 134 |
| Year (2021) | 2 of 10 |
| Size (of disclosed) | 1 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-17 |
Inteliquent
Chicago, Illinois, United States Inteliquent is a communication enablement platform offering nationwide wholesale communication services. The company provides easy-to-use voice, messaging and mobility solutions to the wireless, over-the-top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Inteliquent combines an intuitive software-based application program interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-04 |
Epselon Global
Chicago, Illinois, United States Epselon Global is working to build a healthcare business by strategically acquiring companies and assets that solve some of healthcare’s most intricate challenges. Epselon Global was formed in 2021 and is based in Chicago, Illinois. |
Buy | - |
Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 12 |
| Sector (Financial Services) | 7 of 7 |
| Type (Divestiture) | 4 of 5 |
| State (California) | 1 of 2 |
| Country (United States) | 9 of 12 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-17 |
Kabbage
Atlanta, Georgia, United States Kabbage, Inc. is a provider of short-term financing to small, underbanked businesses and merchants who primarily sell their products and services online. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-10 |
Diamond Resorts
Las Vegas, Nevada, United States Diamond Resorts is a provider of hospitality and management services. The company operates in two segments, Hospitality and Management Services, and Vacation Interest Sales and Financing. Diamond Resorts with its network of more than 420 vacation destinations located in 35 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, South America, Central America, Europe, Asia, Australasia, and Africa, provides guests with choice and flexibility to let them create their dream vacation, whether they are traveling an hour away or around the world. Our relaxing vacations have the power to give guests an increased sense of happiness and satisfaction in their lives, while feeling healthier and more fulfilled in their relationships, by enjoying memorable and meaningful experiences that let them Stay Vacationed. Diamond Resorts was founded in 1996 and is based in Las Vegas, Nevada. |
Sell | $1.4B |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 264,513 |
| Revenue | 72.3B USD (2020) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 16 |
| Sector (Financial Services) | 7 of 7 |
| Type (Divestiture) | 14 of 15 |
| State (California) | 3 of 4 |
| Country (United States) | 10 of 11 |
| Year (2021) | 2 of 3 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-14 |
Wells Fargo s Canadian Direct Equipment Finance Business
Mississauga, Ontario, Canada Headquartered in Mississauga, with regional offices across the country, including Montreal and Calgary, Wells Fargo's Canadian Direct Equipment Finance business has a 25-year operating history, which includes the acquisition by Wells Fargo of GE Capital's Canadian Equipment Finance business in 2016. With approximately C$1.5 billion in assets and over 120 employees, Wells Fargo's Canadian Direct Equipment Finance business provides loans and leases covering a full range of commercial equipment for businesses across Canada. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-23 |
Wells Fargo - Corporate Trust Services
San Francisco, California, United States Wells Fargo's Corporate Trust Services provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries. |
Sell | $750M |
