Hellman & Friedman and GIC to acquire Allfunds

Hellman & Friedman and GIC have agreed to acquire Allfunds Bank, a global financial tech business. The sellers are Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus. The deal puts Allfunds at a valuation of 1.8 billion euros. Barclays and Citibank provided financial advice to Hellman & Friedman and GIC on the transaction.

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