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Announced

Assetco and Bank of Ireland to acquire Davy for $518m.

Financials

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Transaction Value£379m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Friendly

Majority

Private

Ireland

Single Bidder

stockbroker

Domestic

Acquisition

Asset Managers and Custodians

Synopsis

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Assetco, a firm involved in acquiring, managing, and operating asset and wealth management activities, and Bank of Ireland, a commercial bank operator, agreed to acquire Davy, a stockbroker, wealth manager, asset manager and financial advisor, for $518m. Ailmount Investments will divest its stake. “We see the continuation of the Davy brand and structure under the Bank of Ireland umbrella,” Francesca McDonagh, Bank of Ireland CEO.

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