M&A Deal Summary

Cendant Acquires Credentials Services International

On April 13, 1998, Cendant acquired marketing company Credentials Services International for 125M USD

Acquisition Highlights
  • This is Cendant’s 1st transaction in the Marketing sector.
  • This is Cendant’s 6th largest (disclosed) transaction.
  • This is Cendant’s 2nd transaction in the United States.
  • This is Cendant’s 1st transaction in California.

M&A Deal Summary
Date 1998-04-13
Target Credentials Services International
Sector Marketing
Buyer(s) Cendant
Deal Type Add-on Acquisition
Deal Value 125M USD

Target

Credentials Services International

Orange, California, United States
Credentials Services International is a direct marketer of credit information and monitoring membership programs to consumers. The Company's core product provided members with comprehensive information regarding private credit data held by credit reporting agencies.

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Buyer(S) 1

Buyer

Cendant

New York, New York, United States

website

Category Company
Founded 1998
Sector Consumer Services
DESCRIPTION

Cendant Corp. was a collection of business and consumer services companies. Cendant was formed in 1998 between the merger of Hospitality Franchise Systems and CUC International.

DEAL STATS #
Overall 2 of 8
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 2 of 8
State (California) 1 of 2
Country (United States) 2 of 5
Year (1998) 2 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Jackson Hewitt Tax Service

Parsippany, New Jersey, United States

Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead with Maximum Refund and 100% Accuracy Guarantees. With close to 6,000 franchised and company-owned locations, including 3,000 in Walmart stores, and online and mobile tax solutions, Jackson Hewitt makes it convenient for clients to file their taxes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-14 Entertainment Publications

Troy, Michigan, United States

Entertainment Publications, Inc. is a publisher and marketer of consumer directories and coupon books that are used by schools and other non-profit organizations as fund raising tools.

Sell $345M
Mergr

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