M&A Deal Summary |
|
|---|---|
| Date | 2015-08-03 |
| Target | OneWest Bank |
| Sector | Financial Services |
| Buyer(s) | CIT |
| Sellers(s) |
DFO Management
Stone Point Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 3.4B USD |
| Advisor(s) | Goldman Sachs BofA Securities (Financial) Cleary Gottlieb Steen & Hamilton (Legal) |
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| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Financial Services |
| Employees | 4,085 |
| Revenue | 2.4B USD (2020) |
CIT is a financial holding company with approximately $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT was founded in 1908 and is based in New York city.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Financial Services) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-26 |
CIT Group
Sydney, Australia CIT Group (Australia) Limited is a provider of vendor based, equipment finance and leasing in Australia. |
Sell | AU$525M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-06 |
CIT Commercial Air
Livingston, New Jersey, United States CIT Commercial Air is an owns, finances and manages a fleet of more than 350 commercial aircraft serving approximately 100 customers in 50 countries. We create commercial aircraft financing solutions that help airlines and financial institutions succeed. |
Sell | - |
| Category | Family Office |
|---|---|
| Founded | 1998 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
DFO Management is the private investment vehicle for Michael Dell, founder of Dell Computers. The Firm targets investment opportunities across the US and internationally and is split into several groups. These include Public Equity, Special Opportunities, Private Equity, Real Estate, and Partnerships. The Private Equity group targets transactions that include leveraged and management buyouts, take privates, mezzanine debt and other structured investments, PIPEs and growth equity financings, platform acquisitions and roll-ups, and partnerships with other financial sponsors. DFO looks to commit $100 to $250 million per transaction and prefers investments in non-technology companies. DFO Management was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (California) | 2 of 3 |
| Country (United States) | 4 of 9 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-21 |
ValleyCrest Companies
Calabasas, California, United States ValleyCrest Companies, LLC is a integrated landscape services provider in the United States. ValleyCrest serves an array of public, commercial, and institutional clients, and is known for its award-winning work on properties such as the Wynn Resort. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-18 |
WCG
Princeton, New Jersey, United States WCG is a provider of regulatory and ethical review services for human research. The pioneer of independent ethical review, WCG continues to drive ingenuity in the clinical research space. WCG delivers transformational solutions that stimulate growth, foster compliance and maximize efficiency for those who perform clinical trials. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 48 |
| Sector (Financial Services) | 4 of 17 |
| Type (Add-on Acquisition) | 9 of 26 |
| State (California) | 1 of 7 |
| Country (United States) | 15 of 43 |
| Year (2015) | 2 of 3 |
| Size (of disclosed) | 1 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-07 |
Cross Ocean Partners
London, United Kingdom Cross Ocean Partners is a credit-focused asset management platform investing globally in stressed and distressed investment opportunities in a broad range of asset classes, including corporate loans and bonds, hard assets, commercial real estate, liquidations, and structured credit. Cross Ocean is based in Greenwich, Connecticut, and London, England. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-02 |
Atlantic Capital
Atlanta, Georgia, United States Atlantic Capital is a commercial bank focused on serving middle market corporations, emerging growth businesses, mid-sized real estate developers and investors and the principals of these businesses. Atlantic Capital was founded in 2006 and is based in Atlanta, Georgia. |
Sell | - |
