Current Table

TOP TEN CROSS-INDUSTRY FINANCIAL SERVICES ACQUISITIONS ANNOUNCED IN THE UNITED STATES, 2011 (1)
Export To Excel

($ millions)

Rank   Buyer Buyer industry Buyer country Target Target industry Seller Deal value (2)
1 Capital One Financial Corporation Bank U.S. Card and retail services business Specialty lender HSBC Holdings Plc $33,884.0
2 Express Scripts, Inc. Not classified U.S. Medco Health Solutions, Inc. Insurance underwriter Medco Health Solutions, Inc. 28,901.6
3 Capital One Financial Corporation Bank U.S. ING Bank, FSB Savings bank/thrift/mutual ING Groep N.V. 9,000.0
4 Berkshire Hathaway Inc. Insurance underwriter U.S. Lubrizol Corporation Not classified Lubrizol Corporation 8,812.5
5 KKR & Co. L.P. Asset manager U.S. Capsugel Not classified Pfizer Inc. 2,375.0
6 AXA Insurance underwriter France Portfolio of private equity funds Asset manager Citigroup Inc. 1,700.0
7 Wells Fargo & Company Bank U.S. Commercial real estate loan portfolio Specialty lender Bank of Ireland 1,137.3
8 Regions Financial Corporation Bank U.S. Credit card portfolio Specialty lender Bank of America Corporation 1,100.0
9 Walter Investment Management Corp. Investment company U.S. GTCS Holdings LLC Specialty lender Centerbridge Partners L.P. 1,047.0
10 DaVita, Inc. Insurance underwriter U.S. CDSI I Holding Company, Inc. Not classified CDSI I Holding Company, Inc. 689.2

(1) Includes whole and asset deals where the target is US domiciled. List does not include terminated deals. Buyer and target industry must be different. Only includes deals where buyer or target are financial institutions (excluding financial technology).
(2) At announcement.

Source: SNL Financial LC.

 

Archived Tables

TOP TEN CROSS-INDUSTRY FINANCIAL SERVICES ACQUISITIONS ANNOUNCED IN THE UNITED STATES, 2009 (1)
Export To Excel

($ millions)

Rank Buyer Industry Country Target Industry Country Deal value (2)
1 Berkshire Hathaway Inc. Insurance U.S. Burlington Northern Santa Fe Corporation Not classified U.S. $26,450.7
2 Wells Fargo & Company Bank U.S. Retail brokerage business of Prudential Financial Broker/dealer U.S. 4,500.0
3 Blackstone Group L.P. Asset manager U.S. Busch Entertainment Corporation Media and entertainment U.S. 2,700.0
4 Morgan Stanley Broker/dealer U.S. 51% of Morgan StanleySmith Barney Asset manager U.S. 2,700.0
5 Invesco Ltd. Asset manager U.S. Servicing rights portfolio from Citigroup Specialty lender U.S. 1,500.0
6 Ameriprise Financial, Inc. Insurance U.S. Long-term asset management business of Columbia Management Asset manager U.S. 1,200.0
7 BMO Financial Group Bank Canada Diners Club North American Franchise Specialty lender U.S. 1,000.0
8 Banco Santander, S.A. Bank Spain Auto loan servicing operations from HSBC Holdings Specialty lender U.S. 904.0
9 Wintrust Financial Corporation Bank U.S. Assets of A.I. Credit Corp. Specialty lender U.S. 745.8
10 People's United Financial, Inc. Thrift U.S. Financial Federal Corporation Specialty lender U.S. 738.1

(1) Target is U.S. domiciled. If target country is not available seller country is used. List does not include terminated deals. Buyer and target industry must be different. Only includes deals where buyer or target are financial institutions (excluding financial technology).
(2) At announcement.

Source: SNL Financial LC.

 

 
TOP TEN CROSS-INDUSTRY FINANCIAL SERVICES ACQUISITIONS ANNOUNCED IN THE UNITED STATES, 2010 (1)
Export To Excel

($ millions)

Rank Buyer Buyer industry Buyer country Target  Target industry Seller Deal value (2)
1 Undisclosed buyer Not
classified		 NA Fixed-income securities assets Specialty
lender		 National Credit Union Administration $9,500.0
2 Toronto-Dominion Bank Bank Canada Chrysler Financial Corp. Specialty
lender		 Cerberus Capital Management, L.P. 6,300.0
3 Banco Santander, S.A. Bank Spain Auto loan portfolio Specialty
lender		 HSBC Holdings plc 3,560.0
4 General Motors Corporation Not
classified		 U.S. AmeriCredit Corp. Specialty
lender		 AmeriCredit Corp. 3,325.4
5 Banco Santander, S.A. Bank Spain Auto loan portfolio Specialty
lender		 Citigroup Inc. 3,168.0
6 Macquarie Group Limited Bank Australia Aircraft operating lease portfolio Specialty
lender		 International Lease Finance Corporation 1,987.0
7 AXA Insurance
underwriter		 France Portfolio of private equity funds Asset
manager		 Bank of America Corporation 1,900.0
8 Investor group Not
classified		 U.S. Residential mortgage backed securities portfolio Specialty
lender		 Federal Deposit Insurance Corp. 1,810.0
9 JPMorgan Chase & Co. Bank U.S. RBS Sempra Commodities' global metals, oil and European energy businesses Broker/
dealer		 Royal Bank of Scotland Group Plc/Sempra Energy 1,710.0
10 First Niagara Financial Group, Inc. Bank U.S. NewAlliance Bancshares, Inc. Savings bank/thrift NewAlliance Bancshares, Inc. 1,498.0

(1) Target is US domiciled. If target country is not available seller country is used. List does not include terminated deals. Buyer and target industry must be different. Only includes deals where buyer or target are financial institutions (excluding financial technology).
(2) At announcement.

NA=Data not available.

Source: SNL Financial LC.