M&A Deal Summary

Cornèr Bank Acquires Diners Club Italia S.r.l.

On May 6, 2015, Cornèr Bank acquired financial services company Diners Club Italia S.r.l. from Diners Club International

Acquisition Highlights
  • This is Cornèr Bank’s 2nd transaction in the Financial Services sector.
  • This is Cornèr Bank’s 1st transaction in Italy.

M&A Deal Summary

Date 2015-05-06
Target Diners Club Italia S.r.l.
Sector Financial Services
Buyer(s) Cornèr Bank
Sellers(s) Diners Club International
Deal Type Divestiture

Target

Diners Club Italia S.r.l.

Milan, Italy
Diners Club Italia S.r.l. is a provider of financial services in Italy.

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Buyer(S) 1

Buyer

Cornèr Bank

Lugano, Switzerland

Category Company
Founded 1952
Sector Financial Services
DESCRIPTION

Cornèr Bank Ltd. is an independent Swiss private bank that is active across a range of traditional banking services. It specializes in the sectors of lending and private banking and is a leading player in the Swiss card payment industry.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Dinit d.o.o.

Izola, Slovenia

Dinit d.o.o. is a company that offers comprehensive and advanced services in payment card industry.

Buy -

Seller(S) 1

SELLER

Diners Club International

Chicago, Illinois, United States

Category Company
Founded 1950
Sector Financial Services
DESCRIPTION

Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers, offering access to more than 500 airports lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Dinit d.o.o.

Izola, Slovenia

Dinit d.o.o. is a company that offers comprehensive and advanced services in payment card industry.

Sell -