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New Deal


Announced

Completed

CanDeal DNA to acquire the fixed income data business of CIBC.

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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Domestic

FinTech

Majority

Private

Single Bidder

financial services

Acquisition

Completed

Friendly

Canada

Synopsis

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CanDeal Data and Analytics, a provider of Canadian financial markets' OTC data and information services, agreed to acquire the fixed income data business of Canadian Imperial Bank of Commerce. Financial terms were not disclosed. "The acquisition comes at a time of expansion and evolution in the Canadian fixed income markets, where greater emphasis is being put on data quality and accessibility. CanDeal DNA's acquisition of CIBC's fixed income data business reinforces and enhances our suite of services for Canadian market participants, democratizing access to the most informed bond pricing services available," Andre Craig, CanDeal DNA Executive Vice President.

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