M&A Deal Summary

Butterfield Acquires ABN AMRO

On April 25, 2019, Butterfield acquired financial services company ABN AMRO from ABN AMRO Group N.V. for 161M GBP

Acquisition Highlights
  • This is Butterfield’s 3rd transaction in the Financial Services sector.
  • This is Butterfield’s largest (disclosed) transaction.
  • This is Butterfield’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2019-04-25
Target ABN AMRO
Sector Financial Services
Buyer(s) Butterfield
Sellers(s) ABN AMRO Group N.V.
Deal Type Divestiture
Deal Value 161M GBP

Target

ABN AMRO

Guernsey, Channel Islands
ABN AMRO (Channel Islands) Ltd. offers well-established banking, investment management, and custody products to three distinct client segments, including trusts, private clients, and funds. As at December 31, 2018, ABN AMRO Channel Islands has a well-balanced client base with £2.9 billion in deposits and £3.5 billion in assets under management and custody.

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Buyer(S) 1

Buyer

Butterfield

Hamilton, Bermuda
Category Company
Founded 1784
Sector Financial Services
Employees1,259
Revenue 583M USD (2023)
DESCRIPTION

Butterfiel is Bermuda’s first independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield was founded in 1784 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Divestiture) 3 of 3
Country (Channel Islands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Deutsche Bank AG - Banking and Custody Business

Cayman Islands

Deutsche Bank AG - Banking and Custody Business provides services primarily to financial intermediaries and corporate clients.

Buy -

Seller(S) 1

SELLER

ABN AMRO Group N.V.

Amsterdam, Netherlands
Category Company
Founded 1720
Sector Financial Services
Employees22,242
DESCRIPTION

ABN AMRO serves retail, private and commercial banking customers in the Netherlands and across the globe. Along with a comprehensive range of products and services, Company offer in-depth financial expertise, extensive knowledge of numerous sectors and an international network supporting our customers' domestic and international operations.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 4 of 4
Type (Divestiture) 4 of 4
Country (Channel Islands) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Stater N.V.

Amersfoort, Netherlands

Stater N.V. is the largest mortgage service provider in the Netherlands. Stater N.V. services relate to close to forty percent of all mortgages in the Netherlands, from mortgage application approval to final redemption.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Hauck Aufhauser Lampe

Frankfurt, Germany

Hauck Aufhauser Lampe is a German private bank that focuses on the four core business areas of private and corporate banking, asset management, asset servicing, and investment banking. The focus of its business activities is on comprehensive advisory services and asset management for private and corporate clients, asset management for institutional investors, comprehensive fund services for financial and real assets in Germany, Luxembourg and Ireland, and cooperation with independent asset managers. Hauck Aufhauser Lampe is based in Frankfurt, Germany.

Buy -
Mergr

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