TOP TEN SPECIALTY LENDER MERGERS AND ACQUISITIONS, 2008 (1)
1 |
General Electric Company |
Not classified |
Most of CitiCapital |
$13,700.0 |
2 |
Lone Star Funds |
Asset manager |
Home lending business |
1,500.0 |
3 |
INVESCO Ltd. |
Asset manager |
Option One mortgage servicing business |
1,143.6 |
4 |
American Express Company |
Specialty lender |
Corporate Payment Services |
1,100.0 |
5 |
eBay Inc. |
New media |
Bill Me Later, Inc. |
945.0 |
6 |
Diamond Resorts, LLC |
Not classified |
Bluegreen Corporation |
482.3 |
7 |
MetLife, Inc. |
Insurance |
FHHL and Residential Mortgage business |
383.0 |
8 |
H&R Block, Inc. |
Specialty lender |
Franchise operator |
278.0 |
9 |
Mobile Mini, Inc. |
Specialty lender |
Mobile Storage Group |
166.5 |
10 |
Discover Financial Services |
Specialty lender |
Diners Club International |
165.0 |
|
(1) Both companies involved are U.S.-domiciled companies. List does not include terminated deals. Specialty lender is either buyer or target.
(2) At announcement.
Source: SNL Financial LC.
TOP TEN SPECIALTY LENDER MERGERS AND ACQUISITIONS, 2009 (1)
1 |
C12 Capital Management LP |
Asset manager |
Portion of Barclays PLC's credit market assets |
$12,300.0 |
2 |
BMO Financial Group |
Bank |
Diners Club North American Franchise |
1,000.0 |
3 |
Banco Santander, S.A. |
Bank |
HSBC Finance's auto loan servicing operations |
904.0 |
4 |
Wintrust Financial Corporation |
Bank |
Assets of A.I. Credit Corp. |
745.8 |
5 |
People's United Financial, Inc. |
Thrift |
Financial Federal Corporation |
738.1 |
6 |
Ares Capital Corporation |
Investment company |
Allied Capital Corporation |
623.1 |
7 |
General Electric Company |
Thrift |
BAC-Credomatic GECF, Inc. |
623.0 |
8 |
Berkshire Hathaway/
Leucadia National Corporation |
Insurance |
North American servicing and mortgage
banking businesses of Capmark |
468.0 |
9 |
Prospect Capital Corporation |
Investment company |
Patriot Capital Funding, Inc. |
196.8 |
10 |
Dollar Financial Corp. |
Specialty lender |
Military Financial Services, LLC |
117.5 |
|
(1) Target is a U.S.-domiciled specialty lender. List does not include terminated deals.
(2) At announcement.
Source: SNL Financial LC.
TOP TEN SPECIALTY LENDER MERGERS AND ACQUISITIONS, 2010 (1)
1 |
Toronto-Dominion Bank |
Bank |
Chrysler Financial Corp. |
$6,300.0 |
2 |
General Motors Corporation |
Not classified |
AmeriCredit Corp. |
3,325.4 |
3 |
Banco Santander SA |
Bank |
Consumer mortgage business of General Electric |
2,000.0 |
4 |
Grupo Aval Acciones y Valores S.A. |
Not classified |
BAC-Credomatic GECF, Inc. |
1,900.0 |
5 |
Ocwen Financial Corporation |
Specialty lender |
Home equity servicing business of Barclays PLC |
1,300.0 |
6 |
General Electric Capital Corporation |
Specialty lender |
BAC-Credomatic Holding Company Ltd. |
633.0 |
7 |
Discover Financial Services |
Specialty lender |
Student Loan Corporation of Citigroup Inc. |
600.0 |
8 |
Canadian Imperial Bank of Commerce |
Bank |
CIT Business Credit Canada Inc. |
312.7 |
9 |
Investor group |
Not classified |
Red Capital Group |
200.0 |
10 |
Dollar Financial Corp. |
Specialty lender |
Purpose U.K. Holdings Limited |
195.0 |
|
(1) Target is a U.S.-domiciled specialty lender. List does not include terminated deals.
(2) At announcement.
Source: SNL Financial LC.