M&A Deal Summary

Butterfield Acquires Deutsche Bank AG - Banking and Custody Business

On February 15, 2018, Butterfield acquired financial services company Deutsche Bank AG - Banking and Custody Business from Deutsche Bank

Acquisition Highlights
  • This is Butterfield’s 2nd transaction in the Financial Services sector.
  • This is Butterfield’s 1st transaction in Cayman Islands.

M&A Deal Summary

Date 2018-02-15
Target Deutsche Bank AG - Banking and Custody Business
Sector Financial Services
Buyer(s) Butterfield
Sellers(s) Deutsche Bank
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Butterfield

Hamilton, Bermuda

Category Company
Founded 1784
Sector Financial Services
Employees1,295
Revenue 582M USD (2024)
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 2 of 3
Sector: Financial Services M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
Country: Cayman Islands M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 Deutsche Bank AG - Global Trust Solutions Business

Frankfurt, Germany

Deutsche Bank AG - Global Trust Solutions Business provides trust and fiduciary services approximately 1,000 trust structures for some 900 private clients and international clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 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.

Buy £161M

Seller(S) 1

SELLER

Deutsche Bank

Frankfurt, Germany

Category Company
Founded 1870
Sector Financial Services
Employees89,426
Revenue 30.0B EUR (2024)
DESCRIPTION

Deutsche Bank is a global banking and financial services company. Deutsche Bank was founded in 1870 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 4 of 5
Sector: Financial Services M&A 3 of 4
Type: Divestiture M&A Deals 4 of 4
Country: Cayman Islands M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 Deutsche Bank AG - Global Trust Solutions Business

Frankfurt, Germany

Deutsche Bank AG - Global Trust Solutions Business provides trust and fiduciary services approximately 1,000 trust structures for some 900 private clients and international clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 Quantiguous Solutions Pvt.

Mumbai, India

Quantiguous Solutions Pvt. Ltd. is a software company. Quantiguous domain expertise enables us to drive business intelligence for our customers through consultation, engineering and support. Quantiguous Solutions Pvt. Ltd. was established in 2014 and is based in Mumbai, India.

Buy -