M&A Deal Summary

National Bank Acquires CWB

On June 11, 2024, National Bank acquired financial services company CWB for 5.0B CAD

Acquisition Highlights
  • This is National Bank’s 1st transaction in the Financial Services sector.
  • This is National Bank’s largest (disclosed) transaction.
  • This is National Bank’s 1st transaction in Canada.
  • This is National Bank’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-06-11
Target CWB
Sector Financial Services
Buyer(s) National Bank
Deal Type Add-on Acquisition
Deal Value 5.0B CAD
Advisor(s) J.P. Morgan Securities (Financial)
Torys LLP (Legal)

Target

CWB

Edmonton, Alberta, Canada
CWB is a full-service bank that offers full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. CWB was incorporated in 1984 and is based in Edmonton, Canada.

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Buyer(S) 1

Buyer

National Bank

Montreal, Quebec, Canada
Category Company
Founded 1859
Sector Financial Services
Employees28,916
Revenue 10.2B CAD (2023)
DESCRIPTION

National Bank provides financial services through three business segments in Canada: Personal and Commercial Banking, Wealth Management, and Financial Markets. National Bank was incorporated in 1859 and is based in Montreal, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Groupe NSIA

Ivory Coast

Groupe NSIA is a provider of banking and insurance products and services to individual and business clients. Groupe NSIA was founded in 1995 and is based in Ivory Coast.

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Mergr

Product

Company

Legal