M&A Deal Summary

Morgan Stanley Acquires Eaton Vance

On October 8, 2020, Morgan Stanley acquired financial services company Eaton Vance for 7.0B USD

Acquisition Highlights
  • This is Morgan Stanley’s 3rd transaction in the Financial Services sector.
  • This is Morgan Stanley’s 2nd largest (disclosed) transaction.
  • This is Morgan Stanley’s 3rd transaction in the United States.
  • This is Morgan Stanley’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2020-10-08
Target Eaton Vance
Sector Financial Services
Buyer(s) Morgan Stanley
Deal Type Add-on Acquisition
Deal Value 7.0B USD

Target

Eaton Vance

Boston, Massachusetts, United States
Eaton Vance Corp. provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert, and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing, and customized implementation of client-specified portfolio exposures. Eaton Vance was founded in 1924 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Morgan Stanley

New York, New York, United States
Category Company
Founded 1924
Sector Financial Services
Employees80,000
Revenue 50.7B USD (2023)
DESCRIPTION
Morgan Stanley office in Tempe, Arizona.
Morgan Stanley office in Tempe, Arizona.

Morgan Stanley is a global financial services firm that provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Morgan Stanley's business segments include institutional securities, wealth management, and investment management. Morgan Stanley was formed in 1924 and is based in New York City.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 4 of 5
State (Massachusetts) 1 of 2
Country (United States) 3 of 4
Year (2020) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 ETrade

New York City, New York, United States

E*TRADE Financial Corp. is a financial services company that provides online brokerage, investing, and related banking solutions. E*TRADE Financial was founded in 1982 and is based in New York, New York.

Buy $13.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 ETrade

New York City, New York, United States

E*TRADE Financial Corp. is a financial services company that provides online brokerage, investing, and related banking solutions. E*TRADE Financial was founded in 1982 and is based in New York, New York.

Sell -
Mergr

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