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New Deal


Announced

Completed

SMFG completed the acquisition of TT International for $188m.

Financials

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Transaction Value£154m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Private Equity

Acquisition

asset management

Private

Private Equity

Friendly

Single Bidder

Completed

Majority

Synopsis

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Sumitomo Mitsui Financial Group, a financial services firm, completed the acquisition of UK based private equity firm TT International for $188m. SMBC has designated the asset management business focus for its current medium term management plan and is undertaking efforts to strengthen this business segment. This acquisition would help SMFG to strengthen its management capabilities and attract investors.

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