M&A Deal Summary |
|
|---|---|
| Date | 2018-09-18 |
| Target | Bank of America - Alternative Investment Feeder Fund Operations |
| Sector | Financial Services |
| Buyer(s) | iCapital Network |
| Sellers(s) | Bank of America |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2013 |
| Sector | Information Technology |
iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting. iCapital Network was founded in 2013 and is based in New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 8 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 2 of 3 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 1 of 7 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-21 |
Credit Suisse - HedgeFocus Business
Switzerland Credit Suisse - HedgeFocus Business portfolio contains more than 20 hedge fund access vehicles representing approximately US$1.8 billion in assets in a combination of event driven, multi-strategy, directional, relative value and tactical strategies run by well-established managers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-13 |
Artivest Holdings
New York, New York, United States Artivest Holdings, Inc. is a provider of premier alternative investment strategies designed for financial professionals and individuals seeking to improve their portfolio diversification. Artivest follows a disciplined process for identifying, evaluating, selecting, and monitoring investment talent across a spectrum of alternative strategies including managed future, global macro, long/short equity, private equity, event-driven, and others. Artivest Holdings is based in New York. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1784 |
| Sector | Financial Services |
| Employees | 212,000 |
| Revenue | 98.6B USD (2023) |
Bank of America is a financial services institution serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America was incorporated in 1784 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 16 |
| Sector (Financial Services) | 15 of 15 |
| Type (Divestiture) | 16 of 16 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 14 of 14 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-20 |
MBNA
Chester, United Kingdom MBNA is a UK credit card business with a high quality customer base founded upon sound underwriting principles and credit management, which aligns well with the Group’s strategy to deliver sustainable growth through a multi-brand strategy. The MBNA brand will be maintained as a challenger brand further enhancing our customer offering. MBNA’s diversified distribution model, along with its data analytics capability, digital strength and well-recognised brand, will be complementary to the Group’s existing capabilities and provides further opportunities for growth and delivering excellent customer service. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-02 |
AxiaMed
Santa Barbara, California, United States AxiaMed is a healthcare financial technology company specializing in payment integration and security. AxiaMed’s integrated payments technology platform, Payment Fusion, improves the financial performance of healthcare providers through integration with various revenue cycle, practice management, EHRs, and other software systems, enhancing interoperability and payment options across the entire ecosystem of healthcare payments between patients, providers and payers. AxiaMed is based in Santa Barbara, California. |
Buy | - |
