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New Deal


Announced

JP Morgan Chase to acquire a 40% stake in C6 Bank for $2bn.

Financials

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Transaction Value£1,457m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Minority

Friendly

Pending

Banks

Cross Border

Single Bidder

Acquisition

Brazil

digital bank

fintech

Synopsis

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JP Morgan Chase, an American multinational investment bank, agreed to acquire a 40% stake in C6 Bank, a full-service Brazilian digital bank, for $2bn. "We’re excited to be partnering with one of Brazil’s fastest growing digital banks. We’ve admired C6 Bank, its management team and their strategy for some time. With an impressive platform and product suite, they are well-positioned to sustain their growth trajectory and build a strong franchise. We look forward to supporting C6 Bank in its aspiration to be a long-term winner in the Brazilian banking market," Sanoke Viswanathan, JP Morgan Chase CEO of International Consumer.

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