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New Deal


Announced

Completed

Credit Suisse completed the acquisition of an 18% stake in its joint venture with Founder Securities.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned33%
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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China

Diversified Financials

Acquisition

securities services

Private

Completed

Majority

Single Bidder

Friendly

Synopsis

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Credit Suisse, a Swiss multinational investment bank and financial services company, completed the acquisition of an additional 18% stake in Credit Suisse Founder Securities, its securities joint venture with Founder Securities, increasing its holding from 33% to 51%. Financial terms were not disclosed. The shareholding of Founder Securities in CSFS will reduce to 49% as a result. Credit Suisse will continue to work closely with Founder Securities and the respective regulatory authorities in this regard.

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