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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: UMB Financial Corporation
Actual Acquirer: UMB Fund Services Inc.
Target: J.D. Clark & Company, Inc.
Deal Type: Financial Technology Company
Agreement Date5/7/2009
Announcement Date5/7/2009
Announced Deal Value ($M)46.75
Announced Deal Value, As Reported ($M)46.75
Completion Date5/7/2009
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)23.1
Contingent Payments ($M)23.7
Deal Terms
Description of Consideration
UMB Financial Corp. unit UMB Fund Services Inc. paid approximately $23.1 million in cash to acquire J.D. Clark & Co. Inc. In addition, J.D. Clark & Company, Inc. is eligible to receive approximately $23.7 in earn-out payments during the next four years based on the performance of J.D. Clark & Co. UMB Financial made the last earn-out payment in April 2013.
Percent Acquired (%)100.00
Purchase MethodAcquisition
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
SellerYesIntegris Partners

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesStinson Leonard Street LLP
SellerYesHolme Roberts & Owen LLP

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