M&A Deal Summary

Caribbean Investment Holdings Acquires Belize Bank

On June 22, 2020, Caribbean Investment Holdings acquired financial services company Belize Bank from Scotia Bank for 31M USD

Acquisition Highlights
  • This is Caribbean Investment Holdings’ 1st transaction in the Financial Services sector.
  • This is Caribbean Investment Holdings’ largest (disclosed) transaction.
  • This is Caribbean Investment Holdings’ 1st transaction in Belize.

M&A Deal Summary
Date 2020-06-22
Target Belize Bank
Sector Financial Services
Buyer(s) Caribbean Investment Holdings
Sellers(s) Scotia Bank
Deal Type Divestiture
Deal Value 31M USD

Target

Belize Bank

Belize City, Belize
Belize Bank Corporation Limited operates bank branches throughout the country of Belize.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Caribbean Investment Holdings

Providenciales, United Kingdom
Category Company
Sector Financial Services
Revenue 33M USD (2021)
DESCRIPTION

Caribbean Investment Holdings is the parent company of a financial services business that is operating in Belize. CIH's goal is to be the banking and financial services provider of choice in Belize and the Caribbean region and it aims to achieve this by building on the success of its existing operations and by providing an increased range of financial products and services to individual and corporate customers. Caribbean Investment Holdings is based in Providenciales, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Belize) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Scotia Bank

Toronto, Ontario, Canada
Category Company
Founded 1832
Sector Financial Services
Employees89,090
Revenue 31.8B CAD (2023)
DESCRIPTION
Scotiabank branch in London, Ontario.
Scotiabank branch in London, Ontario.

Scotia Bank offers personal, commercial, corporate and investment banking products and services through global team of more than 75,000 Scotiabankers. Scotia Bank was incorporated in 1832 and is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Divestiture) 3 of 3
Country (Belize) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations

Puerto Rico

The Bank of Nova Scotia - Puerto Rico and US Virgin Islands Operations is a provider of financial services.

Sell $560M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Key Bank

Cleveland, Ohio, United States

Key Bank is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Key Bank was founded in 1849 and is based in Cleveland, Ohio.

Buy -
Mergr

Product

Company

Legal