Wells Fargo 2014 Annual Report Download - page 151

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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 (Guarantees,
Pledged Assets and Collateral).
During 2014, we completed an acquisition of a railcar and
locomotive leasing business with combined total assets of
$422 million. We had no pending business combinations as of
December 31, 2014. Additionally, no business combinations were
completed in 2013. Business combinations completed in 2014
and 2012 are presented below.
(in millions)
2014
Helm Financial Corporation
Date
April 15 $
Assets
422
2012
EverKey Global Partners Limited / EverKey Global Management LLC /
EverKey Global Partners (GP), LLC / EverKey Global Focus (GP), LLC – Bahamas/New York, New York
Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, Connecticut
Energy Lending Business of BNP Paribas, SA – Houston, Texas
Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets & Liabilities
of Merlin Group Holdings, LLC – San Francisco, California/Toronto, Ontario
January 1
February 1
April 20
August 1
$
$
7
874
3,639
281
4,801
149