IFLR1000

Hellman & Friedman/GIC €1.8 billion acquisition of Allfunds Bank

6/3/2017
Private acquisition
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€ 1.8 billion

$ 1.900 billion

Completed

6/3/2017

Overview:

  • Hellman & Friedman and GIC (Singapore's sovereign wealth fund) have acquired Allfunds Bank for €1.8 billion.
  • The bank is currently 50% owned by Banco Santander, Warburg Pincus and General Atlantic and 50% by Intesa Sanpaolo.
  • Allfunds offers integrated technology based solutions to asset managers and distributors of mutual funds. It has €265 billion of assets under administration.
  • Barclays and Citibank acted as financial advisers to Hellman & Friedman and GIC.
  • Advent International and Permira also bid for the bank.

Sam Duke - Editor

Jurisdictions:

Italy
Spain
United Kingdom
Channel Islands: Jersey

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Banking

Firms:
Bär & Karrer

Party: Hellman & Friedman (Acquirer)

Party: GIC (Acquirer)

Lawyer: Eric Stupp

Cleary Gottlieb Steen & Hamilton

Party: Warburg Pincus (Seller)

Party: General Atlantic (Seller)

Freshfields Bruckhaus Deringer

Party: Hellman & Friedman (Acquirer)

Party: GIC (Acquirer)

Lawyers: David Rouch, Tim Wilmot

Linklaters

Party: Intesa Sanpaolo (Seller)

Lawyers: Ben Rodham, Víctor  Manchado

Ogier

Party: Hellman & Friedman (Acquirer)

Party: GIC (Acquirer)

Lawyers: Alexander Curry, Raulin Amy

Ropes & Gray

Party: Hellman & Friedman (Borrower)

Lawyer: Jane Rogers

Simpson Thacher & Bartlett

Party: GIC (Acquirer)

Slaughter and May

Party: Banco Santander (Seller)

Lawyer: Michael Corbett

Uría Menéndez

Party: Banco Santander (Seller)

Lawyer: Antonio Herrera

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