1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. California >
  6. RBC Acquires City National

M&A Deal Summary

RBC Acquires City National

On January 22, 2015, RBC acquired financial services company City National for 5.4B USD

Acquisition Highlights
  • This is RBC’s 6th transaction in the Financial Services sector.
  • This is RBC’s largest (disclosed) transaction.
  • This is RBC’s 4th transaction in the United States.
  • This is RBC’s 1st transaction in California.

M&A Deal Summary
Date 2015-01-22
Target City National
Sector Financial Services
Buyer(s) RBC
Deal Type Add-on Acquisition
Deal Value 5.4B USD
Advisor(s) BofA Securities
Sandler O'Neill + Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

City National

Los Angeles, California, United States
City National branch in New York City.
City National branch in New York City.
City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

RBC

Toronto, Ontario, Canada
Category Company
Founded 1864
Sector Financial Services
Employees94,480
Revenue 57.5B CAD (2024)
DESCRIPTION

RBC provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC was formed in 1864 and is based in Toronto.

DEAL STATS #
Overall 7 of 7
Sector: Financial Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-03 Athena Energy Group

St. Leonard, Quebec, Canada

Athena Energy Group is a natural gas supplier in Quebec. Its consisting of two sister companies, Athena Energy Marketing Inc. and Athena Energy Services Inc.

Buy -
Mergr

Solution for

Product

Company

Legal