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New Deal


Announced

Completed

CIBC completed the investment in Loop Capital.

Financials

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

Tags

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Completed

Single Bidder

Minority

Friendly

Private

financial services

Cross Border

Diversified Financials

United States

Acquisition

Synopsis

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CIBC, a North American financial institution with 10m personal banking, business, public sector and institutional clients, completed the investment in Loop Capital, a Chicago headquartered financial services firm. Financial terms were not disclosed. "We have worked closely with the team at CIBC for many years, and this is a great opportunity to continue to pursue mutually beneficial growth opportunities for our respective platforms. Further, CIBC and Loop have cultural alignment and share a keen focus on serving clients that will allow us to continue to garner growth," Jim Reynolds, Loop Capital Chairman and CEO.

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