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Announced

Caisse des Dépôts et Consignations and Société Fédérale de Participations et d'Investissement to acquire a 13.47% stake in EuroClear from ICE and BNP Paribas for €709m.

Financials

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Transaction Value£602m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Belgium

financial sercives

Public

Asset Managers and Custodians

Acquisition

Private Equity

Pending

Cross Border

Majority

Single Bidder

Synopsis

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Caisse des Dépôts et Consignations, a French public sector financial institution, and Société Fédérale de Participations et d'Investissement, an investment firm, agreed to acquire a 13.47% stake in EuroClear, a Belgium-based financial services company, from Intercontinental Exchange, a provider of market infrastructure, data services and technology solutions, and BNP Paribas, a global financial services firm, for €709m ($739m). "The long-term investment vision and commitment of CDC and SFPI-FPIM complement Euroclear’s position as a neutral, open financial market infrastructure, bringing safety, efficiency and connections to European and global financial markets," EuroClear.

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