M&A Deal Summary

KeyBank Real Estate Capital Acquires Bank of America CMBS Servicing Portfolio

On May 9, 2013, KeyBank Real Estate Capital acquired financial services company Bank of America CMBS Servicing Portfolio from Bank of America

Acquisition Highlights
  • This is KeyBank Real Estate Capital’s 2nd transaction in the Financial Services sector.
  • This is KeyBank Real Estate Capital’s 2nd transaction in the United States.

M&A Deal Summary

Date 2013-05-09
Target Bank of America CMBS Servicing Portfolio
Sector Financial Services
Buyer(s) KeyBank Real Estate Capital
Sellers(s) Bank of America
Deal Type Divestiture

Target

Bank of America CMBS Servicing Portfolio

United States
This portfolio includes servicing for a variety of private investors, subject to investor consent.

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Buyer(S) 1

Buyer

KeyBank Real Estate Capital

Kansas City, Missouri, United States

Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

KeyBank Real Estate Capital is a commercial real estate finance providers. Its professionals, located in select markets coast-to-coast, provide construction and interim finance, permanent mortgage and commercial real estate loan servicing, as well as investment banking and cash management services for virtually all property types.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 2
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 Berkadia CMBS Special Servicing Business

United States

Berkadia Commercial Mortgage LLC, CMBS Special Servicing Business manages special servicing portfolio of mortgage loans worth $14 billion.

Buy -

Seller(S) 1

SELLER

Bank of America

Charlotte, North Carolina, United States

Category Company
Founded 1784
Sector Financial Services
Employees213,000
Revenue 101.9B USD (2024)
DESCRIPTION
Entrance to Bank of America Center in downtown Charlotte, North Carolina.
Entrance to Bank of America Center in downtown Charlotte, North Carolina.

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 8 of 16
Sector: Financial Services M&A 7 of 15
Type: Divestiture M&A Deals 8 of 16
Country: United States M&A 7 of 14
Year: 2013 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 Bank of America - 24 Retail Banks

United States

Bank of America - 24 Retail Banks is located in Indiana and Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 Bank of America - 20 Retail Bank Branches

United States

Bank of America Corp. - 20 Retail Bank Branches is provider of financial serives. It has e approximately $640 million in total deposits and $5 million in loans.

Sell -