Login

Acquisition by Bank of Ireland of Davy – Ireland’s leading wealth and capital markets provider 22 July 2021

The Group announces that it has reached an agreement to acquire J&E Davy (“Davy”), Ireland’s leading provider of wealth management and capital markets services, for an enterprise value of €440 million, subject to certain customary adjustments including capital at completion (the “Enterprise Value”). 25 percent of the Enterprise Value will be paid two years after completion subject to Davy shareholders meeting a number of agreed criteria. The balance will be paid as cash consideration on completion, which is expected in 2022. In addition, further payments of up to €40 million will be payable from 2025, contingent on future business model performance. 
This article is reserved for Efma members.
Are you a member? Please log in or create a free account to access it
You are not a member yet? Check out all membership benefits

Related Content

Global business Agility report: ING
Article