Wir verfügen über hohe fachliche Expertise und ein exzellentes Netzwerk in unseren Fokus-Sektoren, als M&A-Verantwortliche in großen M&A-aktiven Konzernen und Unternehmer mit Exit-Erfahrung kennen wir die Bedürfnisse und Ziele unserer Mandanten aus eigener Erfahrung.
Wir arbeiten in international besetzten Sektor Teams an grenzüberschreitenden Transaktionen und tauschen uns regelmäßig in unseren Treffen und Telefonkonferenzen zu Markt- und M&A-Trends aus. Auf dieser Seite geben wir Ihnen eine Übersicht zu unseren Köpfen, Themen und Transaktionen in unseren Fokus-Sektoren.
M&A trends & market analysis
During the Milan 2017 Globalscope conference, the network’s global Financial Services sector team met to discuss recent transactions and the evolving underlying structural drivers of the global sector M&A landscape.
A key theme is the uncertain regulatory atmosphere. More details can be obtained from team members or regional heads – see contact details below.
Notable recent transactions
Lloyds acquires MBNA Europe from BofA
Lloyds Banking Group agreed to acquire UK-based MBNA Europe Bank Limited from Bank of America Corporation, paying total cash consideration of circa $2.4bn. This transaction further enhances Lloyds’ position in the UK banking market.
Unicredit sells its 33% stake in Bank Pekao
Unicredit Group has agreed to sell a 33% stake in Polish Bank Pekao to Polish Development Fund S.A. and Powszechny Zaklad Ubezpieczen SA, a listed Poland-based insurance company. The Transaction is valued at PLN10.59bn ($2.6bn), which makes it one of the largest ever Central European deals in the Financial Services sector.
Goldman Sachs’ Asset Management MBO
TA Associates, a leading PE fund, has backed the MBO of Goldman Sachs’ Australian Asset Management business.
Lower-mid market observations
Challengers Providing Better Investor Returns
‘Challenger Banks’, such as Metro Bank, Atom Bank and others, are providing a better return for investors according to KPMG. Return on Equity is approximately 4.6% for large banks, compared to 17% for challengers.
Payments Providers Focus on Cybercrime
As the number of payments and payment providers increases, regulatory pressure will lead to a focus in customer data protection, enhanced encryption, and the use of biometrics for payments.
InsureTech an Area of Interest
InsurTech, the latest sub-sector of FinTech, is enjoying increased interest from both equity and debt funders. Insurance companies are often laced with legacy systems, and an acquisition in the InsurTech space could be a quick fix for larger organisations.
Increase in non-regulated Consumer lending
In Europe, there has been an increase in online consumer finance activity with new companies being established and increased M&A activity. An example is 4Finance, Europe’s largest online & mobile consumer lender, which now has 7.7 million customers and granted $1.2bn of loans last year.
Blockchain Gaining Traction Globally
One of Russia’s largest private banks, Alfa Bank, announced it conducted the first ever blockchain-based transaction in the Russian banking sector. It happened in December 2016, the counterparty to this contract being S7, one of Russia’s largest airlines.
Investment Managers Turn to Robots
Some of the worlds oldest asset and wealth managers are turning to robots and artificial intelligence to increase profits. Some have moved to using algorithmic trading platforms, whilst others are removing the need for some back office staff, thus reducing costs and increasing productivity.