Acquiring Company
Globalive-led group
Acquired Company
Wealth One
TorontoTorontoTelecommunicationsBankingFinanceDescription
Globalive Corp. has successfully acquired a 65% stake in Wealth One Bank of Canada for $58 million. This acquisition closes a chapter after a federal government order for the bank's founders to divest due to national-security concerns. The new ownership structure involves multiple investors pooling their capital into a special purpose vehicle.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed