.
MergerLinks Header Logo

New Deal


Announced

Completed

A consortium of investors led by TCV completed the $80m investment in Wealthsimple.

Financials

Edit Data
Transaction Value£66m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Minority

Friendly

Cross Border

Asset Managers and Custodians

Private Equity

Completed

investment management

Acquisition

Private

Canada

Venture Capital

Synopsis

Edit

A consortium of investors led by TCV, a provider of capital to growth-stage private and public companies in the technology industry, with participation from Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X, completed the $80m investment in Wealthsimple, a provider of investment management services. “We have been watching Wealthsimple’s rise in the Canadian market and love the way the company is bringing simplicity, humanity, and delight to personal finance. TCV is focused on businesses that have the potential to transform industries, and we are thrilled to work with Mike and the Wealthsimple team to build a leader in financial services and an important consumer platform," David Yuan, TCV General Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US