M&A Deal Summary

Northern Trust Acquires Bank of Ireland Securities Services

On June 1, 2011, Northern Trust acquired financial services company Bank of Ireland Securities Services from Bank Of Ireland Group

Acquisition Highlights
  • This is Northern Trust’s 2nd transaction in the Financial Services sector.
  • This is Northern Trust’s 1st transaction in Ireland.

M&A Deal Summary

Date 2011-06-01
Target Bank of Ireland Securities Services
Sector Financial Services
Buyer(s) Northern Trust
Sellers(s) Bank Of Ireland Group
Deal Type Divestiture

Target

Bank of Ireland Securities Services

Dublin, Ireland
Bank of Ireland Securities Services (BoISS) provides securities services in ireland.

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Buyer(S) 1

Buyer

Northern Trust

Chicago, Illinois, United States

Category Company
Founded 1889
Sector Financial Services
Employees23,300
Revenue 8.3B USD (2024)
DESCRIPTION
Northern Trust's corporate headquarters in downtown Chicago, Illinois.
Northern Trust's corporate headquarters in downtown Chicago, Illinois.

Northern Trust is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals. The Corporation conducts business through various U.S. and non-U.S. subsidiaries, including The Northern Trust Company (Bank). Northern Trust was formed in 1889 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 8
Sector: Financial Services M&A 2 of 4
Type: Divestiture M&A Deals 1 of 2
Country: Ireland M&A 1 of 1
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Lakepoint Investment Partners

Cleveland, Ohio, United States

Lakepoint Investment Partners is a leading provider of wealth management solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Omnium

Chicago, Illinois, United States

Omnium provides world-class, technology-driven fund administration and reporting services to hedge funds and financial institutions that operate across a broad spectrum of investment strategies.With more than $25 billion in assets under administration,

Buy -

Seller(S) 1

SELLER

Bank Of Ireland Group

Dublin, Ireland

Category Company
Founded 1783
Sector Financial Services
Employees11,386
Revenue 4.5B EUR (2024)
DESCRIPTION

Bank Of Ireland Group is a diversified Financial Services Group. A traditional, relationship-driven retail and commercial bank with a conservative business philosophy. Bank of Ireland Group was founded in 1783 and is based in Dublin, Ireland.


DEAL STATS #
Overall 2 of 3
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
Country: Ireland M&A 1 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Foreign Currency Exchange

Orlando, Florida, United States

FCE is a foreign banknote wholesaler that currently serves about 140 of the top 200 banks in the US as ranked by number of branches. The firm’s principal business is enabling banks to offer foreign currency exchange services to their clients on a private label basis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Bank Of Ireland Group - Non-branch ATM fleet

Dublin, Ireland

Bank Of Ireland Group's Non-branch ATM fleet is integrated into Euronet’s existing ATM network in the country and centrally managed with the company’s REV Payments Cloud core processing platforms and infrastructure. Bank Of Ireland Group's Non-branch ATM fleet is based in Dublin, Ireland.

Sell -