M&A Deal Summary

Morgan Stanley Acquires ETrade

On February 20, 2020, Morgan Stanley acquired financial services company ETrade for 13.0B USD

Acquisition Highlights
  • This is Morgan Stanley’s 2nd transaction in the Financial Services sector.
  • This is Morgan Stanley’s largest (disclosed) transaction.
  • This is Morgan Stanley’s 2nd transaction in the United States.
  • This is Morgan Stanley’s 1st transaction in New York.
Investment Fate
  • ETrade was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary
Date 2020-02-20
Target ETrade
Sector Financial Services
Buyer(s) Morgan Stanley
Deal Type Add-on Acquisition
Deal Value 13.0B USD

Target

ETrade

New York City, New York, United States
website
E*TRADE Financial office branch in downtown Chicago, Illinois.
E*TRADE Financial office branch in downtown Chicago, Illinois.
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.

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Buyer(S) 1

Buyer

Morgan Stanley

New York, New York, United States

website

Category Company
Founded 1924
Sector Financial Services
Employees82,000
Revenue 50.2B USD (2022)
DESCRIPTION
Morgan Stanley office in Tempe, Arizona.
Morgan Stanley office in Tempe, Arizona.

Morgan Stanley is a global financial services firm that provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Morgan Stanley's business segments include institutional securities, wealth management, and investment management. Morgan Stanley was formed in 1924 and is based in New York, New York.

DEAL STATS #
Overall 3 of 5
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (New York) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Solium Capital

Calgary, Alberta, Canada

Solium Capital, Inc. is a provider of cloud-based solutions for equity plan management. Solium Capital, Inc. was founded in 1999 and is headquartered in Calgary, Canada.

Buy CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Eaton Vance

Boston, Massachusetts, United States

Eaton Vance Corp. provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert, and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing, and customized implementation of client-specified portfolio exposures. Eaton Vance was founded in 1924 and is based in Boston, Massachusetts.

Buy $7.0B
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