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New Deal


Announced

HSBC and Tradeshift to form a joint venture in a $35m deal.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

financial software

FinTech

Joint Venture

Majority

Private

Pending

Friendly

Single Bidder

Cross Border

Synopsis

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HSBC, a British multinational investment bank and financial services holding company, and Tradeshift, a cloud based business network and platform for supply chain payments, marketplaces, and apps, agreed to form a joint venture in a $35m deal. “Enabling and growing global trade has been in HSBC’s DNA for almost 160 years. We are very excited to partner with Tradeshift to help businesses and their suppliers trade more smoothly using world-class technology and solutions that the joint venture will deliver,” Barry O'Byrne, HSBC CEO of Global Commercial Banking.

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