Scotia Bank - M&A Summary and Business Overview

Financial ServicesCompany

Scotia Bank M&A Summary

Scotia Bank has acquired 7 companies. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

Scotia Bank’s largest acquisition to date was in 2012, when it acquired ING Bank of Canada for $2.4B. It’s largest disclosed sale occurred in 2019, when it sold The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations to OFG Bancorp for $560M. Scotia Bank has acquired in 4 countries. The Company’s most targeted sectors include financial services (84%) and internet software and services (17%).

Scotia Bank Business Overview

Where is Scotia Bank headquartered?

Scotia Bank is headquartered in Halifax, Ontario.

What is Scotia Bank’s revenue?

Scotia Bank disclosed revenue of 31,148M CAD for 2022 and 30,913M CAD for 2021.

How many employees does Scotia Bank have?

Scotia Bank has 89,808 employees.

What sector is Scotia Bank in?

Scotia Bank is a financial services company.

When was Scotia Bank founded?

Scotia Bank was founded in 1832.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 9

Scotia Bank

The Bank of Nova Scotia

Bank of Nova Scotia Building 1709 Hollis Street,
Halifax, Ontario B3J 1W1
Canada,
(416) 866-3672
www.scotiabank.com

Scotia Bank offers personal, commercial, corporate and investment banking products and services through global team of more than 75,000 Scotiabankers. Scotia Bank was founded in 1832 and is based in Halifax, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $2.8B $2.8B
Sell (0.2/yr) # 2 1 - - - - 3
vol $560M $31M $591M
  9

Most Recent M&A

Company Date Value Type
Belize Bank Corporation Limited 2020-06-22 31M USD Divestiture
Belize City, Belize
The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations 2019-06-26 560M USD Divestiture
, Puerto Rico
Hermes Transporte Blindados S.A. 2015-08-17 - Divestiture
Lima, Peru · www.hermes.com.pe
ING Bank of Canada 2012-11-15 2.4B CAD Divestiture
Toronto,, Ontario
Colfondos S.A. Pensiones y Cesantias 2012-08-14 - Add-on Acquisition
Bogota, Colombia · www.colfondos.com.co
Pronto 2011-02-04 - Add-on Acquisition
, Uruguay · www.pronto.com.uy
Nuevo Banco Comercial S.A 2010-12-06 - Add-on Acquisition
Montevideo, Uruguay · www.nbc.com.uy
The Royal Bank - Chilean Business 2010-09-27 - Divestiture
, Chile
E*TRADE Canada 2008-07-14 442M USD Divestiture
Toronto, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (83%) 2.4B (84%) 3 (100%) 591M (100%)
Internet Software and Services 1 (17%) 442M (16%) - -
Total 6 $2.8B 3 $591M

By Geo

State/Country Buy Value Sell Value
Canada 2 2.8B - -
  Ontario 2 2.8B - -
Uruguay 2 - - -
Belize - - 1 31M
Chile 1 - - -
Colombia 1 - - -
Peru - - 1 -
Puerto Rico - - 1 560M
Domestic 2 (33%) 2.8B (100%) - -
Cross-border 4 (67%) - 3 (100%) 591M (100%)
Total 6 $2.8B 3 $591M

Deal Values

buy # Total
> $1B 1 $2.4B
$100M to $1B 1 $442M
TOTAL $2.8B
Largest ING Bank of Canada
$2.4B (2012-11-15)
sell # Total
$100M to $1B 1 $560M
< $100M 1 $31M
TOTAL $591M
Largest The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations
$560M (2019-06-26)

M&A Connections

Deals
Acquired from
Investor(s)
50%
3 (50%)
Strategic(s)
50%
3 (50%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Financial Services

Revenue

31,148   1% 2022
30,913   2% 2021
31,292   4% 2020
30,236   8% 2019
28,216   6% 2018
26,748   2017
(millions of CAD) Show More Show Less

Employees

89,808

Established

1832

Public

Toronto (TSX): BNS

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