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

Announced

Transaction Tags

  • Private
  • Minority
  • Friendly
  • Pending
  • Banks
  • Cross Border
  • Single Bidder
  • Acquisition
  • Brazil
  • digital bank
  • fintech

Synopsis

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.

Sources

Press Release

JP Morgan

Transaction Value

£1,457m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

40%

EV/Sales

+ Add

EV/EBITDA

+ Add

Share Price Premium

+ Add
Service Providers (6)Dealmakers
Skadden Arps Slate Meagher & Flom

legal advisors

Skadden Arps Slate Meagher & Flom

Credit Suisse

financial advisors

Credit Suisse

Machado Meyer Sendacz E Opice Advogados

legal advisors

Machado Meyer Sendacz E Opice Advogados

Edelman

pr advisors

Edelman

Pinheiro Neto

legal advisors

Pinheiro Neto

Davis Polk & Wardwell

legal advisors

Davis Polk & Wardwell

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