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New Deal


Announced

Union Bancaire Privee to acquire the wealth management business of Danske Bank.

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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Acquisition

Asset Managers and Custodians

Friendly

Cross Border

Private

Majority

Luxembourg

Pending

Single Bidder

wealth management

Synopsis

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Union Bancaire Privee, a private bank and wealth management firm, agreed to acquire the wealth management business of Danske Bank, a Danish multinational banking and financial services corporation. Financial terms were not disclosed. “With UBP, we are confident that we have found the right partner for our customers, a partner who will continue to meet their individual needs with the highest possible quality, and at the same time be a good employer for our skilled and dedicated employees," Glenn Söderholm, Danske Bank Head of Personal & Business Customers.

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