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New Deal


Announced

Euronext terminated the €5.5bn acquisition of Allfunds Group.

Financials

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Transaction Value£4,839m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wealth technology

FinTech

banking services

United Kingdom

Cross Border

Acquisition

Single Bidder

Majority

Public

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Synopsis

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Euronext, a pan-European bourse that offers various trading and post-trade services, terminated the €5.5bn acquisition of Allfunds Group, a United Kingdom-based wealth technology company. "The Allfunds board considered that the terms of the proposal were inadequate. Allfunds subsequently entered into discussions on terms with Euronext but no agreement was reached and discussions have been terminated," Allfunds.

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