M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
National Bank of Egypt receives preliminary approval for Banque Misr UAE acquisition
The National Bank of Egypt received preliminary UAE regulatory approval to acquire Banque Misr’s local branches, advancing a proposed consolidation that remains subject to legal and procedural requirements.
Al Baraka Bank Egypt executes share swap for Al Tawfeeq
Al Baraka Bank Egypt completed a share-swap transaction for 273.722 million Al Tawfeeq Leasing shares at a ratio of 0.1919 bank share per leasing share.
Legend Holdings launches €2.5 billion sale process for Luxembourg’s BIL stake
Legend Holdings launched a sale of its 90% stake in Banque Internationale à Luxembourg, with initial bids due by month-end and the bank valued at about €2.5 billion or more.
Priority Technology agrees $1.6 billion take-private deal led by chief executive
Priority Technology agreed a $1.6 billion take-private transaction led by chief executive Thomas Priore, offering $8.05 in cash per share and targeting completion in the first half of 2027.
Italy’s competition authority opens investigation into Intesa’s Monte dei Paschi bid
Italy’s competition authority opened an investigation into Intesa Sanpaolo’s bid for Monte dei Paschi, examining deposit and small-business lending competition across 20 and 17 provinces respectively.
Gateway First Bank agrees to acquire Colonial Savings in Texas
Gateway First Bank agreed to buy Colonial Savings, adding six Fort Worth-area locations in a transaction expected to close during the first quarter of 2027.
Enova withdraws US bank applications for proposed $369 million Grasshopper acquisition
Enova withdrew US regulatory applications for its proposed $369 million Grasshopper acquisition, reaffirmed its 2026 guidance and said it intended to accelerate share repurchases during the remainder of the year.
Truist agrees $5.5 billion auto-loan sale to exit near-prime lending business
Truist agreed to sell $5.5 billion of auto loans representing substantially all Regional Acceptance assets, expecting $5.2 billion in net proceeds as it moved to exit near-prime lending.
Creative Planning agrees to acquire institutional consultant RVK, advisor to $4.3 trillion in assets
Creative Planning agreed to acquire institutional investment consultant RVK, which advises on approximately $4.3 trillion in assets.
Grab Holdings to acquire 60% stake in Atome Financial for $1.49 billion
Grab Holdings agreed to acquire a 60% controlling stake in BNPL platform Atome Financial for $1.49 billion, and agreed to buy the rest later.
Dell family office and Sequence Holdings to take Baldwin Group private in $7.7 billion deal
DFO Management and Sequence Holdings agreed to take The Baldwin Group private at $32.50 per share, an 88% premium, valuing it at $7.7 billion.
Germany prepares conditions for UniCredit-Commerzbank deal ahead of Orcel talks
A combination of the two institutions would create a banking group with more than €1.3 trillion in assets and a significant presence across two of the euro area’s largest economies.