M&A Deal Summary

Saxo Bank Acquires BinckBank

On August 7, 2019, Saxo Bank acquired financial services company BinckBank

Acquisition Highlights
  • This is Saxo Bank’s 1st transaction in the Financial Services sector.
  • This is Saxo Bank’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-08-07
Target BinckBank
Sector Financial Services
Buyer(s) Saxo Bank
Deal Type Add-on Acquisition

Target

BinckBank

Amsterdam, Netherlands
BinckBank is an online bank for investors that provides a comprehensive, user-friendly website that allows private investors to invest easily and quickly anywhere in the world at competitive rates. BinckBank is based in Amsterdam, Netherlands.

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Buyer(S) 1

Buyer

Saxo Bank

Copenhagen, Denmark

Category Company
Founded 1992
Sector Financial Services
DESCRIPTION

Saxo Bank is a provider of multi-asset electronic trading solutions for retail and institutional investors globally. Saxo Bank was formed in 1992 and is based in Copenhagen, Denmark.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Banking Circle

Luxembourg, Luxembourg

Banking Circle is a next-generation provider of mission-critical infrastructure for cross-border payment processing, offering reduced complexity, time, and cost. The company uses direct clearing access through blue-chip partner banks to serve the fast-growing online payment processing provider market. Banking Circle was founded in 2013 and is based in Luxembourg.

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