M&A Year in Review 2023 brochure - Flipbook - Page 28
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Financial Institutions
We advised BNP Paribas Personal Finance, a provider
of consumer lending services, on its sale of 80%
of the shares of Cetelem Mexico, a leader in the
Mexican automotive 昀椀nancing market, to Grupo
Financiero Inbursa.
The transaction will support Cetelem Mexico’s local
development and strengthen Grupo Financiero Inbursa’s
partnerships with car manufacturers and dealers.
Lawyers in our Mexico City o昀케ce led the transaction, with
support from our Paris o昀케ce and our antitrust, banking,
employment, private equity, and tax practices.
We advised Cambridge Bancorp, the parent company
of Cambridge Trust Company, on its US$528 million
merger with Eastern Bankshares, Inc., the stock holding
company for Eastern Bank, and the simultaneous sale
of the assets of Eastern Insurance Group, LLC to Arthur
J. Gallagher Risk Management Services, LLC.
The transaction was the second largest U.S. bank
merger of 2023 and creates a US$27 billion combined
franchise.
Lawyers in our Washington, D.C. office led the
transaction, with support from our bank regulatory,
employee benefits, and tax practices.
We advised Equifax, a multinational consumer credit
reporting agency, on its US$640 million acquisition of
Boa Vista Serviços, the second largest credit bureau
in Brazil.
The acquisition expands Equifax’s capabilities in the
Brazilian market and o昀昀ers Boa Vista Serviços access to
Equifax’s global capabilities and technology.
Lawyers in our Silicon Valley and New York o昀케ces led
the transaction, with support from our San Francisco,
São Paulo, and Washington, D.C. o昀케ces and our capital
markets, intellectual property, and tax practices.
We advised Post O昀케ce Limited, a retail post o昀케ce
company, on the restructuring of its 昀椀nancial services
joint venture with the Bank of Ireland UK plc.
Bank of Ireland will focus on o昀昀ering savings products
through the Post O昀케ce’s UK network, which gives the
Post O昀케ce 昀氀exibility to work with other 昀椀nancial services
providers to bring new products and services to market.
Lawyers in our London o昀케ce led the transaction,
with support from our Dublin and Paris o昀케ces and
our antitrust, 昀椀nancial services, privacy and
cybersecurity, and strategic operations, agreements,
and regulation practices.
