On the Record · Credit Suisse
Credit Suisse acquisitions, on the record
The businesses Credit Suisse bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Donaldson, Lufkin & Jenrette (DLJ)Word for word“Given the legacy nature of the CHF 1.6 billion goodwill impairment relating to the acquisition of Donaldson, Lufkin & Jenrette in 2000, the Compensation Committee excluded the impairment charge from the Investment Bank loss before taxes and the Group ROE for 2021.” 20-F for 2021 | acquisition | 2000 | — |
InvestLab fund platformWord for word“Investment and partnership income in 2020 also included the gain of CHF 203 million related to the completed transfer of the InvestLab fund platform, while 2019 included gains on the sale of our remaining economic interest in a third-party manager relating to a private equity investment.” 20-F for 2021 | divestiture | 2020 | — |
remaining economic interest in a third-party managerWord for word“Investment and partnership income in 2020 also included the gain of CHF 203 million related to the completed transfer of the InvestLab fund platform, while 2019 included gains on the sale of our remaining economic interest in a third-party manager relating to a private equity investment.” 20-F for 2021 | divestiture | 2019 | — |
The Klein Group LLCWord for word“The purchase price is USD 175 million.” 20-F for 2022 | agreed acquisition | — | USD 175 million |
Butterfield & Son Limited (Butterfield) and Gasser Partner Trust reg. (Gasser Partner) for the sale of our global trust business (Credit Suisse Trust, CST)Word for word“The transaction with Butterfield is expected to close in 2023 and is subject to customary conditions.” 20-F for 2022 | agreed divestiture | The transaction with Butterfield is expected to close in 2023 | — |
Securitized Products Group (SPG) assets, sold to Apollo Global Management (Apollo)Word for word“reviewed and approved entering into definitive transaction agreements to sell a significant part of the SPG and other related financing businesses to Apollo Global Management (Apollo) as announced in November 2022” 20-F for 2022 | agreed divestiture | — | — |
Investment in Allfunds GroupWord for word“a decrease in equity exposures related to the sale of our investment in Allfunds Group” 20-F for 2022 | divestiture | — | — |
Securitized Products Group (SPG)Word for word“In 2023, Credit Suisse completed the sale of a significant part of the Securitized Products Group (SPG) (Apollo transaction) to entities and funds managed by affiliates of Apollo Global Management (collectively, Apollo).” 20-F for 2023 | divestiture | In 2023 | — |
Read from Credit Suisse’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2024-03-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.