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New Deal


Announced

Completed

US Bank completed the acquisition of the debt servicing and securities sustody services of MUFG Union Bank.

Financials

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

Tags

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debt servicing

Diversified Financials

Majority

Acquisition

Private

Domestic

securities services

Friendly

Single Bidder

Completed

United States

Synopsis

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US Bank, a provider of a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services, completed the acquisition of the debt servicing and securities sustody services of MUFG Union Bank, an American full-service bank. Financial terms were not disclosed. “This transaction is a great fit for US Bank. We are thrilled to have the opportunity to increase our presence on the West Coast and solidify our position as a leading provider of corporate trust, institutional trust and fund custody services,” Gunjan Kedia, US Bank Vice Chair of Wealth Management and Investment Services.

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