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New Deal


Announced

Santander Private Banking to acquire Indosuez Wealth Management business in Miami.

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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liabilities

assets

Diversified Financials

Private

Pending

United States

Acquisition

Friendly

Majority

Single Bidder

Private Equity

Cross Border

Synopsis

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Santander Private Banking, a global financial group, agreed to acquire Miami business of Indosuez Wealth Management, a global wealth management brand of Credit Agricole group. financial terms were not disclosed. “This transaction, which leverages our geographic presence and our capabilities as a leading financial group, is another step toward our goal of becoming the best global private banking platform. We want to keep growing our business – especially in geographies where we see major commercial potential like the US – and elevate our position as a growth engine for Grupo Santander," Víctor Matarranz, Santander Wealth Management & Insurance Global Head.

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