GIC, Hellman & Friedman to buy Allfunds Bank, valued at 1.8 bil euros

SINGAPORE (March 7): GIC, Singapore’s sovereign wealth fund, together with affiliates of Hellman & Friedman, a leading private equity investor, have signed an agreement to acquire Allfunds Bank.

Allfunds is a leading global financial technology business, from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus.

According to a press release by GIC, the deal values Allfunds at €1.8 billion ($2.7 billion).

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