Financial institutions M&A: Brokers/Corporate Finance | White & Case LLP

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Financial institutions M&A sector trends: brokers/corporate finance — H1 2021 and outlook for H2 2021

Financial advisers turn to M&A to deliver additional bandwidth, capability and resources to ride the post-lockdown M&A tidal wave.

Overview

CURRENT MARKET

WE ARE SEEING

  • Market consolidation to increase bandwidth and capacity:
    • Through acquisitions (e.g., Investec’s acquisition of minority stake in Capital mind)
    • Through partnerships (e.g., Peel Hunt’s investment banking JV with Santander)
  • Gravitation to online and crypto trading during COVID-19 lockdowns
  • Trading tech providers bulk up:
    • Financial market communications (e.g., Symphony’s acquisition of Cloud9 Technologies)
    • Order management customisation (e.g., ION’s acquisition of Dash Financial Technologies)

KEY DRIVERS/CHALLENGES

  • High investor appetite drives M&A activity:
    • Venture capital (e.g., Fuel Ventures’ investment in Wombat)
    • MBOs (e.g., MBO of…

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