financial services

London Stock Exchange

Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
ByAli Mirza July 25, 2025July 25, 2025

LONDON: Close Brothers Group has agreed to sell its execution services and securities business, Winterflood Securities to Marex Group plc for a consideration amount of approximately £103.9 million in cash. The Transaction is aligned with the group’s strategic priorities to simplify the portfolio, enhance operational efficiency and drive sustainable growth. As previously outlined, Close Brothers is actively…

Read More Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
London Stock Exchange

Corpay to acquire Alpha Group International in £1.8 billion cash deal
ByNNR July 23, 2025July 23, 2025

Deal offers 55% premium to Alpha’s pre-announcement share price LONDON: U.S.-based Corpay, Inc. (NYSE: CPAY) will acquire British financial services firm Alpha Group International (LSE: ALPH) in a recommended cash deal valued at approximately £1.8 billion ($2.3 billion), the companies announced Thursday. Under the terms, Alpha shareholders will receive 4,250 pence per share—a 55% premium…

Read More Corpay to acquire Alpha Group International in £1.8 billion cash deal
London Stock Exchange

Honye Financial Services to acquire Zoyo Capital Limited for £26 million
ByBernice Miles July 16, 2025July 16, 2025

LONDON: Honye Financial Services Ltd (LSE: HOYE) announced Wednesday it has agreed to acquire London-based FinTech firm Zoyo Capital Limited in a share-based deal valued at £26 million. Under conditional agreements, Honye will acquire the entire issued share capital of Zoyo. The consideration will be satisfied entirely through the issuance of 113,043,478 new Honye ordinary…

Read More Honye Financial Services to acquire Zoyo Capital Limited for £26 million
Euronext

BNP Paribas to acquire HSBC’s German Custody Business
ByNNR June 28, 2025June 28, 2025

FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian and depositary bank in Germany, aligning with its growth strategy in institutional funds and financial…

Read More BNP Paribas to acquire HSBC’s German Custody Business
London Stock Exchange

Admiral Group to sell U.S. motor insurance business to J.C. Flowers
ByNNR April 22, 2025April 22, 2025

LONDON: Admiral Group plc has agreed to sell its U.S. motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a private investment firm specializing in the financial services sector. The transaction, valued at approximately Elephant’s net asset value, is subject to regulatory approval and is expected to close…

Read More Admiral Group to sell U.S. motor insurance business to J.C. Flowers
Wire

Edgewater Equity Partners has acquired Ascent Technologies
ByNNR January 19, 2024January 19, 2024

Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…

Read More Edgewater Equity Partners has acquired Ascent Technologies
London Exchange

TEAM plc to acquire Homebuyer Financial Services Limited (HBFS) for £2.4 million
ByAli Mirza December 27, 2023December 27, 2023

LONDON, UK: TEAM plc has exchanged contracts to acquire the entire issued share capital of Homebuyer Financial Services Limited (HBFS), a Jersey based financial planning business, for total consideration of £2.4 million in cash. Founded in 1988, HBFS is an established Jersey based financial planning business advising local clients on investments, pensions and protection policies….

Read More TEAM plc to acquire Homebuyer Financial Services Limited (HBFS) for £2.4 million
More

Oval Money & ETX Capital to combine into one business
ByNNR November 23, 2021November 23, 2021

LONDON, UK: Oval Money is completing the integration with ETX Capital, a leading global financial services firm, and restated its ambitious plans for the future. The past few months have allowed the two companies to combine into one solid business ready to face future challenges, with a team of more than 180 people across three…

Read More Oval Money & ETX Capital to combine into one business
Australian Exchange

Kidmans CountPlus Limited acquires Colgin Financial Services
ByNNR April 26, 2021April 26, 2021

SYDNEY: CountPlus Limited, a Kidmans firm, has finalised terms to acquire the financial planning services of Colgin Financial Services Pty Ltd. Kidmans and Colgin are both Count Financial Member firms, and the clients of Colgin will transfer to Kidmans as part of an agreed succession plan. The transaction strengthens the team at Kidmans and broadens…

Read More Kidmans CountPlus Limited acquires Colgin Financial Services
Companies listed on London Stock Exchange

China Pacific Insurance (Group) Co., Ltd. (CPIC) (Pacific Insurance)
ByNNR August 10, 2020

China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 approved by the People’s Bank of China. Its headquarters is in Shanghai. CPIC Group is the second largest property insurance company…

Read More China Pacific Insurance (Group) Co., Ltd. (CPIC) (Pacific Insurance)
Companies listed on London Stock Exchange

Bank of Cyprus
ByNNR August 7, 2020

Bank of Cyprus is a Cypriot financial services company established in 1899 and headquartered in Strovolos. The Bank of Cyprus currently operates through a total of 108 branches/business offices, of which all operate in Cyprus. The group has representative offices in Romania (€33 million net exposure) Greece, (€309 million exposure) Russia, (€21 million net exposure)[3]…

Read More Bank of Cyprus
Companies listed on London Stock Exchange

Axis Bank
ByNNR August 7, 2020

Axis Bank is the third-largest private sector Indian bank, and offers a range of financial products. The bank has its head office in Mumbai, Maharashtra. It has 4,800 branches, 17,801 ATMs and 4,917 cash recyclers across the country as of 31 March 2020, and nine international offices. It has a market capitalization of ₹2.31 trillion…

Read More Axis Bank