Category: Mergers/Acquisitions

Wells Fargo Sells Asset Management Business to GTCR and Reverence Capital Partners for $2.1B

Wells Fargo entered into a definitive agreement to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for $2.1 billion. The sale includes Wells Fargo’s business of acting as trustee to its collective investment trusts and all related Wells Fargo Asset Management legal entities.

M&T Bank Acquires People’s United Financial in All-Stock Transaction

M&T Bank and People’s United Financial entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The implied total transaction value based on closing prices on Feb. 19, 2021, is approximately $7.6 billion.

Matrix Arranges Acquisition of ASAP Expediting & Logistics by TrumpCard

Matrix Capital Markets Group arranged the acquisition of ASAP Expediting & Logistics and G&H Transport by Trump Card Holdings, a subsidiary of Magnate Worldwide and a portfolio company of CIVC Partners.