M&A Deal Summary

Ameriprise Financial Acquires BMO - EMEA Asset Management Business

On November 8, 2021, Ameriprise Financial acquired financial services company BMO - EMEA Asset Management Business from BMO for 615M GBP

Acquisition Highlights
  • This is Ameriprise Financial’s 6th transaction in the Financial Services sector.
  • This is Ameriprise Financial’s largest (disclosed) transaction.
  • This is Ameriprise Financial’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-11-08
Target BMO - EMEA Asset Management Business
Sector Financial Services
Buyer(s) Ameriprise Financial
Sellers(s) BMO
Deal Type Divestiture
Deal Value 615M GBP

Target

BMO - EMEA Asset Management Business

London, United Kingdom
BMO's EMEA Asset Management Business accelerates Ameriprise’s strategy of growing its fee-based businesses and increasing the overall contribution of Wealth Management and Asset Management within its diversified business. BMO's EMEA Asset Management Business is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Ameriprise Financial

Minneapolis, Minnesota, United States
Category Company
Founded 1894
Sector Financial Services
Employees13,800
Revenue 15.5B USD (2023)
DESCRIPTION
Ameriprise Financial's corporate headquarters in downtown Minneapolis, Minnesota.
Ameriprise Financial's corporate headquarters in downtown Minneapolis, Minnesota.

Ameriprise Financial is a diversified financial services company. Ameriprise offers a broad range of products and services designed to achieve the financial objectives of individual and institutional clients. Ameriprise Financial was incorporated in 1894 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 6 of 6
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Ameriprise Financial - Auto & Home Business

De Pere, Wisconsin, United States

Ameriprise Financial, Inc. - Auto & Home Business is a property-casualty insurance provider that primarily sells its products through partnership with wholesale retailer Costco. AAH is based in De Pere, Wisconsin.

Sell $1.1B

Seller(S) 1

SELLER

BMO

Montreal, Quebec, Canada
Category Company
Founded 1817
Sector Financial Services
Employees55,767
Revenue 33.1B CAD (2023)
DESCRIPTION

BMO is a diversified financial services provider. BMO provides a broad range of personal and commercial banking, wealth management, and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. BMO was incorporated in 1817 and is based in Montreal, Quebec.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Domtar

Fort Mill, South Carolina, United States

Domtar is a provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp, and air-laid nonwovens. Domtar was founded in 1848 and is based in Fort Mill, South Carolina.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Radicle Group

Calgary, Alberta, Canada

Radicle Group is a developer of an advanced software platform to measure, qualify, and aggregate greenhouse gas emissions, the company has taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle Group was founded in 2008 and is based in Calgary, Alberta.

Buy -
Mergr

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