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  5. RBC Acquires RBTT Financial Holdings

M&A Deal Summary

RBC Acquires RBTT Financial Holdings

On October 2, 2007, RBC acquired financial services company RBTT Financial Holdings for 2.2B USD

Acquisition Highlights
  • This is RBC’s 4th transaction in the Financial Services sector.
  • This is RBC’s 3rd largest (disclosed) transaction.
  • This is RBC’s 1st transaction in Trinidad and Tobago.

M&A Deal Summary
Date 2007-10-02
Target RBTT Financial Holdings
Sector Financial Services
Buyer(s) RBC
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

RBTT Financial Holdings

Port of Spain, Trinidad and Tobago
RBTT Financial Group is a Caribbean-owned banking and financial services group which offers a complete range of banking and financial intermediation services to customers in Trinidad & Tobago and the Caribbean.

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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 4 of 7
Sector: Financial Services M&A 4 of 6
Type: Add-on Acquisition M&A Deals 4 of 7
Country: Trinidad and Tobago M&A 1 of 1
Year: 2007 M&A 3 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Seasongood & Mayer

Cincinnati, Ohio, United States

Seasongood & Mayer LLC is a public finance firm and leading underwriter of municipal debt.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 ResMor Trust Co.

Toronto, Ontario, Canada

ResMor Trust Co., Inc. is a provider of residential mortgage products and services across Canada.

Buy -
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