M&A Deal Summary

CanDeal.ca Acquires Canadian Imperial Bank of Commerce - Fixed Income Data Business

On March 9, 2021, CanDeal.ca acquired financial services company Canadian Imperial Bank of Commerce - Fixed Income Data Business from CIBC

Acquisition Highlights
  • This is CanDeal.ca’s 1st transaction in the Financial Services sector.
  • This is CanDeal.ca’s 1st transaction in Canada.
  • This is CanDeal.ca’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-03-09
Target Canadian Imperial Bank of Commerce - Fixed Income Data Business
Sector Financial Services
Buyer(s) CanDeal.ca
Sellers(s) CIBC
Deal Type Divestiture

Target

Canadian Imperial Bank of Commerce - Fixed Income Data Business

Toronto, Ontario, Canada
Canadian Imperial Bank of Commerce's Fixed Income Data Business is a provider of fixed income date solutions to to DNA, CIBC's fixed income clients.

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Buyer(S) 1

Buyer

CanDeal.ca

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

CanDeal.ca, Inc. is a provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. CanDeal is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

CIBC

Toronto, Ontario, Canada
Category Company
Founded 1867
Sector Financial Services
Employees48,047
Revenue 23.3B CAD (2023)
DESCRIPTION

Canadian Imperial Bank of Commerce (CIBC) is a Canadian-based global financial institution serving personal banking and business clients. Through its three major business units - Retail and Business Banking, Wealth Management and Capital Markets, CIBC offers a full range of products and services through its global banking network, branches and offices. Canadian Imperial Bank of Commerce was founded in 1867 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Pulmonx

Redwood City, California, United States

Pulmonx is a medical technology company that provides devices for minimally invasive treatment of patients with Chronic Obstructive Pulmonary Disease (COPD). Pulmonx was founded in 1995 and is based in Redwood City, California.

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