PNC Bank: Acquires Aqueduct Capital Group in Strategic Move
Deal News | May 20, 2025 | Wachtell, Lipton, Rosen & Katz
On May 20, 2025, PNC Bank entered a definitive agreement to acquire Aqueduct Capital Group, a prominent placement agent specializing in capital raising services. The acquisition signifies PNC's strategic intent to enhance its capabilities in capital markets and fortify its position in the financial services industry. Legal advisory was provided by the renowned law firm Wachtell, Lipton, Rosen & Katz.
Sectors
- Banking and Financial Services
- Legal Advisory
Geography
- United States – Both PNC Bank and Aqueduct Capital Group operate primarily in the U.S., and the legal advisory firm is also based there.
Industry
- Banking and Financial Services – This sector is relevant as PNC Bank operates within it, and the acquisition involves capital raising expertise, a key financial service.
- Legal Advisory – Wachtell, Lipton, Rosen & Katz provided legal advisory services for the transaction, highlighting this sector's involvement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PNC Bank | Bidding Company/Buyer | Company | PNC Bank is the acquirer in the transaction, aiming to enhance its market position. |
| Aqueduct Capital Group | Target Company | Company | Aqueduct Capital Group is a placement agent specializing in raising capital, making it the target of the acquisition. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | A renowned law firm providing legal advice for PNC Bank in the acquisition. |