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Announced

Royal Bank of Canada to acquire Brewin Dolphin Holdings for $1.95bn.

Financials

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Transaction Value£1,485m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.6x
EV/EBITDA14.78x
Share Price Premium62%
One Off Charge-

Tags

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Majority

Acquisition

Single Bidder

Friendly

Asset Managers and Custodians

United Kingdom

wealth management

Pending

Cross Border

Private

Synopsis

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Royal Bank of Canada, a multinational financial services company, agreed to acquire Brewin Dolphin Holdings, a provider of wealth management services, for $1.95bn. "This is a transformative acquisition for RBC Wealth Management and cements RBC's position as a market leader across multiple business platforms in the UK, the Channel Islands and Europe. We look forward to welcoming Brewin Dolphin's employees and clients and working together to leverage RBC's global reach and significant capabilities to create new opportunities for the combined business to grow," David Thomas, RBC Capital Markets CEO.

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