M&A Deal Summary

Ally Acquires TradeKing Group

On April 5, 2016, Ally acquired internet software and services company TradeKing Group for 275M USD

Acquisition Highlights
  • This is Ally’s 1st transaction in the Internet Software and Services sector.
  • This is Ally’s 2nd largest (disclosed) transaction.
  • This is Ally’s 1st transaction in the United States.
  • This is Ally’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-04-05
Target TradeKing Group
Sector Internet Software and Services
Buyer(s) Ally
Deal Type Add-on Acquisition
Deal Value 275M USD
Advisor(s) BofA Securities (Financial)
Cooley (Legal)

Target

TradeKing Group

Charlotte, North Carolina, United States
TradeKing Group, Inc. is an online broker/dealer for self-directed investors looking for a powerful, modern trading platform at a simple, low price1. TradeKing Advisors is an SEC registered investment advisor, offers investors a range of affordable, professionally-managed portfolios through an automated and fully-transparent online process, while TKconnect, LLC aims to provide an extensive set of educational, informative and entertaining content and social collaboration channels.

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Buyer(S) 1

Buyer

Ally

Detroit, Michigan, United States
Category Company
Founded 1919
Sector Financial Services
Employees11,100
Revenue 9.1B USD (2023)
DESCRIPTION

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 ABA Seguros S.A. de C.V.

San Pedro Garza Garcia, Mexico

ABA Seguros, S.A. de C.V provides insurance services for car, home and business.

Sell $690M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Health Credit Services

Sioux Falls, South Dakota, United States

Health Credit Services LLC is a technology-driven, patient financing company that partners with medical providers to offer patient financing for products and procedures not covered by insurance. The company began offering point-of-sale healthcare loans in 2014 and presently services a variety of medical providers across a broad spectrum of needs, including, cosmetics, dental, audiology, orthopedic, vision, and fertility. Health Credit Services is based in Sioux Falls, South Dakota.

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