M&A Deal Summary |
|
|---|---|
| Date | 2021-02-23 |
| Target | Allspring |
| Sector | Financial Services |
| Buyer(s) | GTCR |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 118 of 157 |
| Sector: Financial Services M&A | 9 of 13 |
| Type: Divestiture M&A Deals | 8 of 12 |
| State: North Carolina M&A | 5 of 6 |
| Country: United States M&A | 114 of 148 |
| Year: 2021 M&A | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-17 |
Inteliquent
Chicago, Illinois, United States Inteliquent is a communication enablement platform offering nationwide wholesale communication services. The company provides easy-to-use voice, messaging and mobility solutions to the wireless, over-the-top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Inteliquent combines an intuitive software-based application program interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-04 |
Epselon Global
Chicago, Illinois, United States Epselon Global is working to build a healthcare business by strategically acquiring companies and assets that solve some of healthcare’s most intricate challenges. Epselon Global was formed in 2021 and is based in Chicago, Illinois. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 222,544 |
| Revenue | 82.3B USD (2024) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. The company provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 16 |
| Sector: Financial Services M&A | 7 of 7 |
| Type: Divestiture M&A Deals | 14 of 15 |
| State: North Carolina M&A | 1 of 1 |
| Country: United States M&A | 10 of 11 |
| Year: 2021 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-14 |
Wells Fargo s Canadian Direct Equipment Finance Business
Mississauga, Ontario, Canada Headquartered in Mississauga, with regional offices across the country, including Montreal and Calgary, Wells Fargo's Canadian Direct Equipment Finance business has a 25-year operating history, which includes the acquisition by Wells Fargo of GE Capital's Canadian Equipment Finance business in 2016. With approximately C$1.5 billion in assets and over 120 employees, Wells Fargo's Canadian Direct Equipment Finance business provides loans and leases covering a full range of commercial equipment for businesses across Canada. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-23 |
Wells Fargo - Corporate Trust Services
San Francisco, California, United States Wells Fargo's Corporate Trust Services provides a wide variety of trust and agency services in connection with debt securities issued by public and private corporations, government entities, and the banking and securities industries. |
Sell | $750M |
