Simpson Thacher Represents JPMorgan as Financial Advisor to CIBC in $3.8 Billion Acquisition of PrivateBancorp, Inc.
06.30.16
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The Firm is representing J.P. Morgan Securities LLC as financial advisor to Canadian Imperial Bank of Commerce (TSX & NYSE: CM) in connection with its acquisition of PrivateBancorp, Inc. (NASDAQ: PVTB) for approximately US$3.8 billion in stock and cash.
CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. PrivateBancorp, Inc., through its Chicago-headquartered subsidiary The PrivateBank, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves.
The Simpson Thacher team includes Lee Meyerson and Isaac Gruber (M&A).