M&A Deal Summary

Santander Central Hispano International Acquires Coutts & Co.

On May 14, 2003, Santander Central Hispano International acquired financial services company Coutts & Co. from NatWest Group

Acquisition Highlights
  • This is Santander Central Hispano International’s 1st transaction in the Financial Services sector.
  • This is Santander Central Hispano International’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2003-05-14
Target Coutts & Co.
Sector Financial Services
Buyer(s) Santander Central Hispano International
Sellers(s) NatWest Group
Deal Type Divestiture

Target

Coutts & Co.

Zurich,, Switzerland
Coutts & Co Ltd is a provider of private banking services. Company offers investment, wealth management and advisory, and trust and fiduciary services to individuals.

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Buyer(S) 1

Buyer

Santander Central Hispano International

George Town, Cayman Islands

Category Company
Sector Financial Services
DESCRIPTION

Santander Central Hispano International Ltd. is a credit card provider for both personal and commercial customers and also has a consumer loans business.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 1

SELLER

NatWest Group

Edinburgh, United Kingdom

Category Company
Founded 1727
Sector Financial Services
Employees59,400
Revenue 14.7B GBP (2024)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.


DEAL STATS #
Overall 2 of 18
Sector: Financial Services M&A 2 of 11
Type: Divestiture M&A Deals 2 of 15
Country: Switzerland M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-14 Santander Direkt - Credit Card & Personal Loans Portfolio

Germany

Santander Direkt - Credit Card & Personal Loans Portfolio provides to both personal and commercial customers and also has a consumer loans business. It has around 490,000 customer accounts.

Buy €480M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-11 Churchill Insurance Co.

Bromley, United Kingdom

Churchill is the widely recognised insurance brand in the UK insurance market. Churchill sells its products directly, as well as through a range of partners and a network of brokers. Churchill also owns NIG, highly regarded company within the insurance broker market. Churchill has 7 million policies in force.

Buy $1.1B