Crédit Agricole Completes Stake Acquisition in CACEIS with Clifford Chance's Counsel

Deal News | Jan 10, 2025 | Iberian Lawyer

Crédit Agricole Completes Stake Acquisition in CACEIS with Clifford Chance's Counsel

Clifford Chance, a leading global law firm, has provided comprehensive legal counsel to Crédit Agricole in a strategic acquisition of Banco Santander's 30.5% stake in CACEIS, a specialist European bank focused on asset servicing. This move will see Crédit Agricole gaining full control of CACEIS, reinforcing its status as a dominant force in the European asset servicing market. The transaction is poised to bolster Crédit Agricole's ability to advance its clients' business development goals. The deal, subject to standard regulatory approvals, is anticipated to conclude by 2025. The legal advisory was handled by Clifford Chance's multidisciplinary teams from key offices in Paris, Madrid, London, and Luxembourg, highlighting the firm's proficiency in executing complex international deals and its formidable global network.

Sectors

  • Asset Servicing
  • Legal Services
  • Financial Services

Geography

  • France – Crédit Agricole is a French multinational, making France a primary geography for this transaction.
  • Spain – Banco Santander, the selling party, is a Spanish banking group, emphasizing Spain's geographical relevance.
  • Luxembourg – CACEIS, being a European entity with significant operations possibly headquartered in Luxembourg, adds to the geographical scope.

Industry

  • Asset Servicing – The deal involves CACEIS, a specialist bank in asset servicing, making asset servicing a core industry classification.
  • Legal Services – Clifford Chance's advisory role highlights the legal services industry as integral to the transaction.
  • Financial Services – Crédit Agricole and Banco Santander are major financial institutions, making financial services a relevant classification.

Financials

  • 30.5% – The percentage of stake in CACEIS acquired by Crédit Agricole from Banco Santander.

Participants

NameRoleTypeDescription
Crédit AgricoleBidding CompanyCompanyA major French multinational bank acquiring Santander’s stake in CACEIS.
Banco SantanderSelling CompanyCompanyA leading Spanish banking group selling its 30.5% stake in CACEIS.
CACEISTarget CompanyCompanyA specialist in asset servicing in which Crédit Agricole is acquiring full ownership.
Clifford ChanceLegal AdvisorCompanyAn international law firm advising Crédit Agricole on the acquisition.
Mathieu Remy, Alexandre Merle, Marion Tual, Frédérick Lacroix, Hélène Kouyat, Irina Rambeloson, David Tayar, Charley Bailliard, Miguel Barredo, Maria Vilar, Caroline Dawson, Jessy Cheng, Christian Kremer, Oliver Zwick, Udo Prinz, Anne-Lise Vandevoir, Isadora RousselleLegal TeamPeopleKey team members from Clifford Chance involved in the transaction from various offices.