M&A Deal Summary

State Street Acquires BBH Investor Services

On September 7, 2021, State Street acquired business services company BBH Investor Services for 3.5B USD

Acquisition Highlights
  • This is State Street’s 3rd transaction in the Business Services sector.
  • This is State Street’s 2nd largest (disclosed) transaction.
  • This is State Street’s 9th transaction in the United States.
  • This is State Street’s 3rd transaction in New York.

M&A Deal Summary

Date 2021-09-07
Target BBH Investor Services
Sector Business Services
Buyer(s) State Street
Deal Type Divestiture
Deal Value 3.5B USD

Target

BBH Investor Services

New York, New York, United States
BBH Investor Services is a global asset servicer with a track record of exceptional client service and deep expertise in cross-border, alternatives, ETFs, and other high-growth asset classes. BBH Investor Services was founded in 1818 and is based in New York.

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Buyer(S) 1

Buyer

State Street

Boston, Massachusetts, United States

Category Company
Founded 1792
Sector Financial Services
Employees39,439
Revenue 11.9B USD (2023)
DESCRIPTION

State Street is a specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. State Street was founded in 1792 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 11 of 12
Sector (Business Services) 3 of 3
Type (Divestiture) 3 of 4
State (New York) 3 of 3
Country (United States) 9 of 9
Year (2021) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Charles River Systems

Burlington, Massachusetts, United States

Charles River Systems, Inc. is a provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.9 trillion in assets under custody and administration and $2.7 trillion in assets under management as of June 30, 2018, State Street operates globally in more than 100 geographic markets and employs over 38,000 worldwide

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-28 Mizuho - Global Custody and Related Businesses

Tokyo, Japan

Mizuho's Global Custody and Related Businesses provide institutional investors with innovative and highly customized securities custody services, designed specifically for securities investments outside Japan. Mizuho's Global Custody and Related Businesses is based in Tokyo, Japan.

Buy -