Capital One

“The first one that comes to mind is Capital One and Discover. Huge deal. This is not a tuck in. This like materially changes their whole business model. And the reason is because it creates the largest credit card issuer by loan volume, because it allows Capit…”

“The company was never for sale, right? So they approached us and said, we want to take a look right now.”

“And Adyen trades at just below 14 times gross profit. This deal is at 13.4. So, so when you just compare to where all the multiples exist in the range of outcomes of being a public company, this is the very, very top of the range.”

“We're accelerating our AI roadmap by two to three years compared to what we would do as a standalone company.”

“When someone fundraises a private company, you're selling one, two percent of the company, right? When you're selling, when you're doing a transaction like this one, you're selling 100% of the company. So there's a very big difference between putting in a hund…”

“Here's a crystallized outcome, which is the biggest deal of this size that ever happened in history, and the scale of a bank and a fintech company.”

“The whole thing from first sort of serious meeting to sign definitive agreement was a little bit over 40 days.”

“It's the only bank, if you look at a massive scale, that doesn't run on mainframes. It's actually on cloud.”

“So we had very few people. We had probably 15, 20 people in total at the end. And, but the majority of it was just a leadership team.”

“And then you look on this on day one after closing, Brexit will be the third largest corporate card in the country.”

“The public filings from Capital One, you know, there's nine hundred and fifty million dollars of integration costs and retention and all that.”

“They have, you know, a six billion dollar marketing budget, a six billion dollar R&D budget.”