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New Deal


Announced

Completed

Insigneo completed the acquisition of Latin American brokerage and investment operations of PNC.

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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Investment Banking

Majority

Domestic

Friendly

Mexico

brokerage services

Acquisition

Private

Single Bidder

Completed

Synopsis

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Insigneo, a global wealth management firm, completed the acquisition of Latin American brokerage and investment operations of PNC, a financial services corporation. Financial terms were not disclosed. "The acquisition of PNC’s Latin American brokerage and investment operations further cements Insigneo’s position in the Americas as a leader in international wealth management. We are committed to the region with our strategy of empowering investment professionals to deliver excellent service and compelling investment strategies and solutions to clients globally," Raul Henriquez, Insigneo Chairman and CEO.

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