Wells Fargo 2012 Annual Report Download - page 143

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Note 2: Business Combinations
We regularly explore opportunities to acquire financial services
companies and businesses. Generally, we do not make a public
announcement about an acquisition opportunity until a
definitive agreement has been signed. For information on
additional contingent consideration related to acquisitions,
which is considered to be a guarantee, see Note 14.
Business combinations completed in 2012, 2011, and 2010
are presented below. At December 31, 2012, we had no pending
business combinations.
(in millions) Date Assets
2012
EverKey Global Partners Limited / EverKey Global Management LLC /
EverKey Global Partners (GP), LLC / EverKey Global Focus (GP), LLC – Bahamas/New York, New York January 1 $ 7
Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, Connecticut February 1 874
Energy Lending Business of BNP Paribas, SA – Houston, Texas April 20 3,639
Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets and Liabilities
of Merlin Group Holdings, LLC – San Francisco, California/Toronto, Ontario August 1 281
$ 4,801
2011
CP Equity, LLC – Denver, Colorado July 1 $ 389
Certain assets of Foreign Currency Exchange Corp – Orlando, Florida August 1 46
LaCrosse Holdings, LLC – Minneapolis, Minnesota November 30 116
Other (1) Various 37
$ 588
2010
Certain assets of GMAC Commercial Finance, LLC – New York, New York April 30 $ 430
Other (2) Various 40
$ 470
(1) Consists of seven acquisitions of insurance brokerage businesses.
(2) Consists of five acquisitions of insurance brokerage businesses.
141