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Announced

Completed

JPMorgan Chase completed the acquisition of Nutmeg for $955m.

Financials

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Transaction Value£699m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Cross Border

Single Bidder

digital wealth management

Acquisition

Majority

Completed

Private

FinTech

Friendly

Synopsis

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JPMorgan Chase completed its acquisition of Nutmeg, a British digital wealth manager, for $955m. "We are building Chase in the UK from scratch using the very latest technology and putting the customer's experience at the heart of our offering, principles that Nutmeg shares with us," Sanoke Viswanathan, JPMorgan Chase international consumer CEO.

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