Latest Mergers and acquisitions News: Finextra Research

NatWest buys Metro Bank’s £2.4 billion mortgage portfolio

NatWest has bought Metro Bank’s £2.4b mortgage book, while also admitting to being forced to spend £24m on cancelled “Tell Sid” campaign by the previous government.

26 July 2024

Company update/markets

MNT-Halan acquires Tam Fina

MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed.

26 July 2024

Company update/payments

Fortis acquires MerchantE’s NetSuite division

Payments technology leader for software providers, ERP customers, and scaling businesses, Fortis acquires MerchantE’s NetSuite payments division, marking a significant milestone in the evolution of embedded payment solutions.

25 July 2024

News/retail

UniCredit to acquire Banking-as-a-Service venture Vodeno and Belgian digital bank Aion

Italy's UniCredit has entered into a binding agreement to acquire the entire share capital of European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion.

24 July 2024

Company update/wholesale

fresh Financials Group acquires AccountsForMe

Fresh Financials Group (FFG), an award-winning Xero Platinum Partner providing innovative cloud-based financial operations services, is excited to announce its second strategic acquisition, AccountsForMe Ltd.

18 July 2024

News/crypto

Zodia Markets acquires Elwood's OTC trading arm

Standard Chartered's digital asset trading arm Zodia Markets has acquired the Jersey-based OTC trading business of Elwood Technologies.

17 July 2024

Company update/markets

Clear Street to acquire Instinet’s Fox River algorithmic trading business

Clear Street (“Clear Street”, “the Company”), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business.

16 July 2024

News/retail

BUX offloads UK subsidiary to APM Capital

BUX Holding has sold its UK business BUX Financial Services Limited (BFS) to Asseta Holding, the parent company of UAE-based investment firm APM Capital.

16 July 2024

News/crypto

DWS moves toward first German-regulated euro stablecoin

German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

12 July 2024

Company update/payments

Raqami Islamic Bank partners with Paysys Labs to transform digital payments in Pakistan

Raqami Islamic Digital Bank Pakistan, a visionary digital financial institution, and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic partnership to transform Pakistan's digital payments landscape.

12 July 2024

News/wealth

Bain and Reverence to buy Envestnet for $4.5bn

Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.

12 July 2024

News/regulation

UBS under observation from pricing supervisor after acquiring Credit Suisse

Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.

05 July 2024

Company update/regulation

EQS Group to acquire Data Legal Drive

EQS Group, a leading international cloud software provider for corporate compliance, investor relations and sustainability reporting, today announces that it has entered into exclusive negotiations for the acquisition of French company Data Legal Drive, a key player in the GDPR and anti-corruption compliance software market.

04 July 2024

Company update/wholesale

TASConnect acquires Solv Malaysia and Solv Vietnam

TASConnect, a SaaS supply chain fintech platform, has acquired the Malaysian subsidiary of SOLV, a business-to-business online marketplace for micro, small and medium enterprises (MSMEs), and is in the process of acquiring the subsidiary in Vietnam.

03 July 2024

Company update/wholesale

SkySparc acquires Infiniance

SkySparc, a leading corporate and financial institutions solutions provider, has joined forces with infiniance, a treasury management consultancy for the corporate finance sector, in a move that will make the combined firm one of the leading treasury consultancies in the Nordic region.

03 July 2024

Company update/retail

ABN Amro completes BUX acquisition

ABN AMRO Bank N.V. has officially completed the acquisition of BUX, one of Europe’s most rapidly growing neobrokers.

03 July 2024

News/payments

Ant Group acquires Dutch payments vendor MultiSafePay

China's Ant Group has acquired Dutch payments firm MultiSafepay as it expands further into Western markets.

02 July 2024

Company update/wholesale

Acuity Knowledge Partners acquires PPA Group

Acuity Knowledge Partners (“Acuity”), a leading provider of high-value research, analytics and business intelligence solutions to the financial services sector, today announced the acquisition of PPA Group (“PPA”).

01 July 2024