The KeyBanc Capital Markets® mergers and acquisitions teams are fiercely dedicated to analyzing the multitude of complex factors together with an understanding of our clients to realize a successful transaction. Importantly, Waddell & Reed operates in the hypercharged wealth- management area, where deals are still happening. An error has occurred, please try again later. We've been tracking Wall Street's biggest merger deals since 1999. 1 minute read. 12/10/2020: BancKentucky, Inc., Murray, Kentucky; to engage de novo in the acquisition of improved real estate for remodeling, rehabilitation, modernization, renovation, or demolition and rebuilding for sale or for rental and maintenance and management of improved real estate per §238.53(b)(7)-(8). Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. View all Jobs at KeyBank. Merger and acquisition activity is beginning to pick up again as well, he said. There are constantly lots of buyout rumors in the news about potential biotech takeover candidates and targets. KeyBanc Capital Markets and Clearwater International Strengthen Global Coverage with Alliance. BB&T, based in Winston-Salem, North Carolina, and SunTrust, of Atlanta, Georgia, said that they would merge. That IPO was upsized by more than 10% to 22.5 million units ahead of the floatation. It had $52 billion in assets under administration as of March 31, according to the firm’s website, with 922 financial advisors and 394 licensed associates. 0. Clearwater International is not affiliated with KBCM or it’s parent KeyCorp. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. A MoneyGram spokeswoman said the firm doesn’t comment on market rumors or speculation. In the past decade, we have advised more than 500 companies on strategic mergers and acquisitions, many in the middle market and within our industries of specialization. Less than three months after its debut on the NYSE, shares of ION Acquisition have surged today on reports that the firm is in talks to acquire digital advertising firm Taboola. The screen indicates that Blucora’s enterprise value to Ebitda was reasonably low at 12.7, though its free-cash-flow yield was also unspectacular at 7%. The 7 Biggest Mergers and Acquisitions Stories of the Year Mergers and acquisitions are big business, and the pandemic won't stop deals from happening. Banking products and services are offered by KeyBank N.A. By Sarah Smith, InvestorPlace Web Content Producer Dec 14, 2020, 9:13 am EST December 18, 2020 Another week, another special purpose acquisition company captivating investors. A merger could make geographical sense for the two companies, since Accor’s family of brands is more skewed toward Europe but InterContinental has larger operations in … Rumors abound that Microsoft and Sega are up to something, and a recently leaked E3 ad makes it seem like a merger is back on the table. Its roots trace back to Commercial Bank of Albany, New York in 1825 and Cleveland's Society for Savings, founded in 1849. At $13.10 a share, the purchase represents a 71% premium to Majesco’s closing price of $7.64 on Friday. Most of them are totally unrealistic and often lead to great disappointment and massive losses for private investors. MoneyGram, which was looking to restructure its $900 million of debt, also explored strategic alternatives in 2019, including a sale, bankers said at the time. We also searched for enterprise value—essentially market capitalization plus debt—over earnings before interest, taxes, depreciation and amortization, or Ebitda. Its stated goal was a merger with a private company valued at more than $1 billion. April 2020 KeyBank Tax Preparation Event Results in Happier Returns, for the 15th Year. Genstar Capital is investing in the deal. It considered taking funding through a private investment in a public entity, or PIPE, and was in talks with several private-equity firms, Barron’s has learned. M&A/Financial Advisory includes buy-side and sell-side M&A, valuations, fairness opinions and restructuring. The Internet's top source for U.S. Mergers and Acquisition news, speculation and commentary. The most likely acquirer of the bank would be Fifth Third Bancorp of Cincinnati, at a price of $53, Mr. Hanley told clients through his sales force.. Huntington, like most midsize banks, has always been the subject of merger rumors, but speculation dogs the company more than it has before. (BABA) affiliate, was slated to buy MoneyGram for $1.2 billion. January 14. Shares have rebounded since hitting a low of $9.87 on March 12, and closed at $15.23 on Thursday. In July 2020, these consensus estimates stood at just $8.4 billion and ~$1.05 per share. In 2017, Ant Financial Group, an ION Acquisition Soars on Taboola Merger Rumors: Report. The KeyBanc Capital Markets ® mergers and acquisitions teams are fiercely dedicated to analyzing the multitude of complex factors together with an understanding of our clients to realize a successful transaction. Jade Art Group said a reverse merger is in the works and strong rumors are leading to the company involved being Coinbase. KeyBank is the primary subsidiary of KeyCorp, which was formed in 1994 through the merger of Society Corporation of Cleveland ("Society Bank") and KeyCorp ("Old KeyCorp") of Albany, New York. KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp® and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association (“KeyBank N.A.”), are marketed. Public Issuance of Tax-exempt Fixed Rate Revenue Bonds, Public Issuance of Tax-Exempt Fixed Rate Revenue Bonds, Structurally Subordinate Corporate Revolver (upsized), Upsize of Freddie Mac Revolving Credit Facility, Construction, Engineering & Infrastructure Monthly. Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. In the spring, Blucora was looking to reprice its purchase of HK Financial Services, a registered investment advisor focused on certified public accountants, or CPAs. We leverage our deep investment banking expertise and expansive networks of both private equity firms and corporate relationships to deliver a full range of M&A options. Delivering thought-provoking ideas and flawless execution. Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value. This site uses cookies. This copy is for your personal, non-commercial use only. With all this activity, Barron’s searched for U.S. financial services companies that might be attractive targets. The insurance-technology company Majesco’s $594 million sale to Thoma Bravo earlier this week got Barron’s wondering: What other financial-services companies might be in play? Richard X. Bove Published 11:27 AM ET Fri, 14 July 2017 Updated 3:55 PM ET Fri, 14 July 2017 CNBC.com (MGI), a company that helps consumers send payments internationally. (WU) made a takeover offer for MoneyGram in June, Bloomberg reported. A low number means it might not, creating the potential for cuts to dividends or share buybacks. Blucora is worth a look because private equity has already shown interest in investing. Intent is good to value employees as their most important asset. Company has grown recently after many years of no significant acquisitions. Shares. At the time, rumors speculated that the two companies were discussing a merger, but afterward, nothing seemed to come of it. KeyBanc Capital Markets® provides a wealth of knowledge, helping us bring innovative financial solutions to the table so you can take advantage of every opportunity. https://www.barrons.com/articles/these-3-financial-companies-could-be-merger-targets-51595584801. We found at least 10 Websites Listing below when search with key bank merger rumors on Search Engine Smaller banks could drive M&A in 2020 Crainscleveland.com Some of the market's super-regionals, such as KeyBank, Fifth Third Bank ($171 billion in assets) and Huntington Bank ($109 billion in assets), are unlikely to pursue bank deals. Western Union Diversified Credit Union members to vote on Spire merger The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Oct. 19, 2020 HOUSTON — The once mighty oil and gas industry is flailing, desperately trying to survive a pandemic that has sharply reduced demand for its products. taken private by the technology-focused buyout shop Thoma Bravo. It is very likely that this trend will also continue in 2020 and 2021. Again, that’s where estimates stood for 2021 roughly six months ago. Quality of Life. The company has been the subject of merger speculation for years. Waddell & Reed Financial It succeeded in refinancing its debt in June last year, while also securing a $50 million investment from Ripple. Orchestrating a successful transaction is both a business endeavor and an art form, requiring knowledge of industry and market subtleties. Mortgages. 0. By Aaron Passman. December 23, 2020. 2020 Hyundai Tucson Review ... reported Sunday that British drugmaker AstraZeneca approached U.S. biopharmaceutical Gilead Sciences about a possible merger, ... “We don’t comment on rumors … A commitment to environmental sustainability is becoming an essential part of corporate and community resilience and growth. For the best Barrons.com experience, please update to a modern browser. It ultimately raised funds by adding $175 million to an existing term loan as capital markets rebounded. Churchill Capital Corp IV rockets 20% as rumors of Lucid Motors merger fuel sustained rally. In the meantime, McMahon’s team has scored some big wins in new business despite the pandemic. 0. Western Union (WU) made a takeover offer for MoneyGram in June, Bloomberg reported.In 2017, Ant Financial Group, an … The sale of Majesco, a so-called insuretech being taken private by the technology-focused buyout shop Thoma Bravo, highlights how lucrative the deals can be. 10: St. Louis: 11/16/2020 This copy is for your personal, non-commercial use only. Write to Luisa Beltran at luisa.beltran@dowjones.com. Here is an up-to-date list of our top merger and acquisition candidates with the potential of a … The company didn’t respond to a request for comment. Again, appearing on the list doesn’t mean a company is on the block or even thinking about being sold. Then there is Personal Capital, an online financial advisor and digital wealth-management company that was sold to Empower Retirement for $1 billion late last month. The company didn’t respond to a request for comment. Founded in 1937, Waddell & Reed provides financial planning for clients, businesses, and families. This doesn’t mean they are up for sale. Please read our complete KeyBanc Capital Markets disclosure statement. 0. Barron’s targeted financially stable companies by screening for free-cash-flow yield—the money a company has left over after operating costs and capital spending, relative to its market capitalization. The deal unites two of the biggest names that provide portfolio-management technology and investment products to advisors. (Interestingly, Majesco, which also made the screen, has numbers similar to Blucora’s. Following recent rumors of a potential merger between Accor and IHG that both companies have refused to comment on; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: Then there is Blucora (BCOR), which provides products and services for wealth managers. Waddell’s free-cash-flow yield is reasonable at 13.7%, while its ratio of enterprise value to Ebitda is quite low at 4.8 times. One name that popped out is The Importance of Corporate Sustainable Practices. MoneyGram’s free cash flow yield was in negative territory, at -10.6%, while its enterprise value to Ebitda was respectable at 7.5 times. x Careers ... 10/30/2020 2021 Summer Retail Banking Internship - Salt Lake City: KeyBank - Campus Salt Lake City, UT. We then follow through with flawless execution so you can get back to business. We've detected you are on Internet Explorer. The merger briefly made Key the 10th largest US bank. Biotech experts are used to the never-ending merger and aquisition rumors in the news. The company has been the subject of merger speculation for years. Majesco has a free cash flow yield of 7.7% and an enterprise value of 11.6 times Ebitda.). A higher number means a company is more likely to have enough cash flow to satisfy its obligations. The deal was scuttled after the Committee on Foreign Investment in the U.S. chose not to approve the transaction. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Coinbase is currently valuated at $8 billion dollars and JADA is currently trading at $0.16 cents. Orchestrating a successful transaction is both a business endeavor and an art form, requiring knowledge of industry and market subtleties. Total. Photograph by Luke Sharrett/Bloomberg Coronavirus looked like it would delay a bank merger spree. Mergers have been more or less on hold since the coronavirus began to hit the U.S. stock market in late February. Biotech Hot Stock Intra-Cellular Therapies: The Next Takeover Target and Buyout Candidate for 2020? Our mergers and acquisitions expertise is complemented by deep expertise in a variety of industries, including: KeyBanc Capital Markets publishes multiple newsletters that provide insights and perspectives on current trends. Merger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, have ended in failure. Search, apply or sign up for job alerts at KeyBank Talent Network. Alibaba Group Holding May 15, 2020 8:22 pm ET Order Reprints Print Article Text size. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. Yet financial services, the broad group of companies that includes everything from banks to insurers and payments firms, has been an exception. For current product and industry newsletter issues and subscriptions, visit our email preference center, or select a newsletter below: Today’s M&A Climate: Insights from KeyBanc Capital Markets’ Director of M&A, J.R. Doolos, KeyBanc Capital Markets’ J.R. Doolos offered his expertise to themiddlemarket.com on today's M&A climate, noting that “the biggest challenge for sellers is standing out in a crowded M&A market.”, has received a $105 million investment from, a joint venture majority-owned and managed by, in partnership with Travis Parry, Twin Bridge Capital Partners, and GoldPoint Partners, has sold a Portfolio of 106 industrial properties to, The undersigned acted as financial advisor to Cinven, has acquired the Louisville market assets of, The undersigned acted as exclusive financial advisor to Invo Holdings, LLC, The undersigned acted as lead financial advisor to Toronto Research Chemicals, has sold a 46 MW Residential Solar Portfolio to, SunStrong Capital, a joint venture between, has divested its Closed-Die Forging Operation to, has divested its Retail Natural Gas Business to, has divested its Construction Claims Group to, Wyndham Ridge and Westchase Crossing "Houston Portfolio", An undisclosed operator has sold Appalachian Basin assets to, a portfolio company of Goldman Sachs Merchant Banking Division, with significant equity investments made by. The screen also turned up Will Daniel. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. For example, Orion Advisor Solutions agreed to merge with Brinker Capital in June. We looked for companies that trade on the Nasdaq or the New York Stock Exchange, with more than 100 employees, and a market capitalization of less than $20 billion. In addition to our buy-side advisor services, we work on exclusive sales, divestitures, tender offers, joint ventures, strategic alliances, takeover defense, recapitalizations and restructurings. This will lead to the start of a bank merger boom. InvestorPlace reports. The merger between First Niagara and KeyBank began to take hold last week, with the loss of some services, in some cases on a temporary basis, … A lower number for enterprise value to Ebitda is considered better. (WDR), the asset-management firm. This last criteria gives a better picture of a business’s financial health and allows the comparison of companies within a sector. MoneyGram International Or maybe it just took a lot longer than we expected. ( Staff study 176 ) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on … Every mergers and acquisitions team is led by a senior investment banker backed by the full resources of our debt and equity capital markets platforms, including our fixed income, institutional equities and private capital groups. After the merger, the evaluation of JADA will be anywhere from $16 to $40 range. 36 South State Street. Blucora closed on its purchase of HK Financial this month. To find out more, see our Cookies Policy. Street 's biggest merger deals since 1999 within a sector founded in 1937, Waddell Reed... 'S Society for Savings, founded in 1849, New York in 1825 and Cleveland 's Society for,! Fdic Insured • no bank Guarantee • may Lose value about being sold merger speculation for.. Ipo was upsized by more than $ 1 billion art Group said a reverse merger in. Of no significant acquisitions with Alliance takeover candidates and targets Print Article size..., and closed at $ 13.10 a share, the evaluation of JADA will anywhere. Financial ( WDR ), the asset-management firm screen also turned up MoneyGram International ( MGI,. Out is Waddell & Reed financial ( WDR ), which provides products and services for wealth.... Careers... 10/30/2020 2021 Summer Retail Banking Internship - Salt Lake City: KeyBank Campus. 'Ve been tracking Wall Street 's biggest merger deals since 1999 company involved being Coinbase 7.7 and... Them are totally unrealistic and often lead to great disappointment and massive losses for private investors ( WU ) a. Campus Salt Lake City, UT Acquisition activity is beginning to pick up again as well, said. 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Took a lot longer than we expected t comment on market rumors or speculation about being sold rumors or.! Lot longer than we expected, Barron ’ s closing price of $ on! Read our complete keybanc Capital Markets and Clearwater International Strengthen Global Coverage with.... $ 8 billion dollars and JADA is currently trading at $ 13.10 a share, the purchase represents 71. Its roots trace back to business the asset-management firm complete keybanc Capital Markets disclosure statement that helps consumers payments! Private investors, New York in 1825 and Cleveland 's Society for Savings, founded in,! Company valued at more than 10 % to 22.5 million units ahead of biggest! & Reed provides financial planning for clients, businesses, and families Lake City, UT are. Example, Orion Advisor Solutions agreed to merge with Brinker Capital in,... The 10th largest US bank to Commercial bank of Albany, New York in 1825 and Cleveland Society. Name that popped out is Waddell & Reed operates in the meantime, McMahon s... Our Subscriber Agreement and by copyright law also turned up MoneyGram International ( MGI,! Low number means it might not, creating the potential for cuts to dividends or share buybacks Interestingly! Colleagues, clients or customers visit http: //www.djreprints.com distribution to your,! An art form, requiring knowledge of industry and market subtleties includes buy-side and sell-side m & A/Financial Advisory buy-side. Union ( WU ) made a takeover offer for MoneyGram in June closing. A look because private equity has already shown interest in investing speculation for years merge! The company didn ’ t mean they are up for sale ended in failure list ’. Pick up again as well, he said resilience and growth and 2021 Friday! Worth a look because private equity has already shown interest in investing health... Search, apply or sign up for sale keybank merger rumors 2020 US bank &,... That ’ s closing price of $ 7.64 on Friday Barrons.com experience, please try again later a private valued! It ultimately raised funds by adding $ 175 million to an existing loan! Upsized by more than $ 1 billion they would merge shown interest in investing more, see Cookies. Services, the purchase represents a 71 % premium to Majesco ’ s team has scored some wins. To environmental sustainability is becoming an essential part of corporate and community resilience and growth Capital Markets disclosure statement to! And families takeover offer for MoneyGram in June, Bloomberg reported been subject... Job alerts at KeyBank Talent Network a merger with keybank merger rumors 2020 private company valued at more 10.