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M&A Deal Summary

HSBC Holding Acquires HSBC Innovation Banking

On March 10, 2023, HSBC Holding acquired financial services company HSBC Innovation Banking for 1.0B GBP

Acquisition Highlights
  • This is HSBC Holding’s 6th transaction in the Financial Services sector.
  • This is HSBC Holding’s 2nd largest (disclosed) transaction.
  • This is HSBC Holding’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2023-03-10
Target HSBC Innovation Banking
Sector Financial Services
Buyer(s) HSBC Holding
Deal Type Divestiture
Deal Value 1.0B GBP

Target

HSBC Innovation Banking

London, United Kingdom
HSBC Innovation Banking offers flexible banking solutions for start-ups, scale-ups, growth businesses, investors, and those working towards IPO. From comprehensive banking to managing cash flow to plans for buyouts to Global Funds Banking, it fuels ideas at every stage of their journey. HSBC Innovation Banking is based in London.

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Buyer(S) 1

Buyer

HSBC Holding

London, United Kingdom
Category Company
Founded 1865
Sector Financial Services
Employees211,940
Revenue 67.4B USD (2024)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC was founded in 1865 and is based in London, England.

DEAL STATS #
Overall 8 of 8
Sector: Financial Services M&A 6 of 6
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 AXA Singapore

Singapore, Singapore

AXA Singapore is a property and casualty (P&C) insurer. AXA Singapore is based in Singapore.

Buy $575M
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