Current Table

TOP TEN SPECIALTY LENDER MERGERS AND ACQUISITIONS, 2011 (1)
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($ millions)

Rank Buyer Buyer's industry Seller Target Deal value (2)
1 Capital One Financial Corporation  Bank HSBC Holdings Plc. (U.K.) U.S. credit card and retail services business of HSBC $33,884.0
2 Toronto-Dominion Bank Bank Bank of America Corporation MBNA Canada's credit card business 7,500.0
3 Ocwen Financial Corporation Specialty lender Morgan Stanley Servicing business and assets of Saxon Mortgage Services 1,451.3
4 Investor group Not classified Investor group GE SeaCo SRL 1,048.0
5 Walter Investment Management Corp. Investment company Centerbridge Partners L.P. GTCS Holdings LLC 1,047.0
6 Standard Chartered Plc Not classified General Electric Capital Corporation GE Money Pte. Ltd. 692.0
7 Ocwen Financial Corporation Specialty lender Goldman Sachs Group, Inc. Litton Loan Servicing LP and IO Strips 263.7
8 Ryder System, Inc. Specialty lender Lloyds Banking Group Plc Hill Hire plc 253.3
9 American International Group, Inc. Insurance underwriter AerCap Holdings N.V. AeroTurbine, Inc. 228.0
10 Fortress Investment Group LLC Asset manager BAE Systems Plc BAE Systems Asset Management 187.0

(1) Target is a U.S. or Canada-domiciled specialty lender. List does not include terminated deals.
(2) At announcement.

Source: SNL Financial LC.

 

Archived Tables

TOP TEN SPECIALTY LENDER MERGERS AND ACQUISITIONS, 2008 (1)
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($ millions)

Rank Buyer Buyer's industry Target Deal value (2)
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)
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($ millions)

Rank Buyer Buyer's industry Target Deal value (2)
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)
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($ millions)

Rank Buyer Buyer's industry Target Deal value (2)
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.