Scotiabank Mergers and Acquisitions Summary

Financial Services Company

Scotiabank has acquired 7 companies. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

Scotiabank’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. Scotiabank has acquired in 4 countries. The Company’s most targeted sectors include financial services (84%) and internet software and services (17%).

Join Mergr and gain access to Scotiabank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8

The Bank of Nova Scotia (Scotiabank)

Scotia Plaza 44 King Street West,
Toronto, Ontario M5H 1H1
Canada,
(416) 866-6161
www.scotiabank.com

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


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 6 - - - - - 6
vol $2.8B $2.8B
Sell (0.2/yr) # 1 - - - 1 - 2
vol $560M $560M
  8

Most Recent M&A

Company Date Value Type
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%) 1 (50%) 560M (100%)
Internet Software and Services 1 (17%) 442M (16%) - -
Transportation - - 1 (50%) -
Total 6 $2.8B 2 $560M

By Geo

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

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
TOTAL $560M
Largest The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations
$560M (2019-06-26)

M&A Connections

Deals %
Acquired from
PE Firm(s)
57%
4 57%
Strategic(s)
43%
3 43%
Divested to
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%

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