M&A Deal Summary |
|
|---|---|
| Date | 2018-02-14 |
| Target | Wells Fargo - Auto Finance Business |
| Sector | Financial Services |
| Buyer(s) | Popular |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
| Deal Value | 1.7B USD |
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| Category | Company |
|---|---|
| Founded | 1893 |
| Sector | Financial Services |
| Employees | 8,522 |
| Revenue | 2.3B USD (2020) |
Popular is a banking institution by both assets and deposits in Puerto Rico and in the United States ranks among the 50 largest banks and thrifts by total assets. In the United States, Popular has established a community banking franchise providing a broad range of financial services and products with branches in Florida, New Jersey and New York. Popular was founded in 1893 and is based in Hato Rey, Puerto Rico.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| Country (Puerto Rico) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-27 |
Banco Popular de Puerto Rico 10 Branches
United States Banco Popular de Puerto Rico 10 Branches offers retail and commercial banking services. |
Sell | - |
| 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 | 11 of 16 |
| Sector (Financial Services) | 5 of 7 |
| Type (Divestiture) | 10 of 15 |
| Country (Puerto Rico) | 3 of 3 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-12 |
Shareowner Services
Mendota Heights, Minnesota, United States Shareowner Services is a provider of shareowner services in the U.S., including stock transfer agent, corporate action, and investment plan services to more than 1200 public and private companies across the U.S. |
Sell | $227M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-09 |
Wells Fargo - Institutional Retirement & Trust Business
San Francisco, California, United States Wells Fargo & Co. - Institutional Retirement & Trust Business offers comprehensive services for 401(k) and other retirement plans that include a wide range of investment options, participant communication, and fiduciary support. |
Sell | $1.2B |
