CIT Group Acquisitions and Exits, 5 Deals Between 2010 and 2017
financial services Company

CIT Group has acquired 2 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

CIT Group’s largest acquisition to date was in 2015, when it acquired OneWest Bank for $3.4B. It’s largest disclosed sale occurred in 2010, when it sold CIT Group to Bank Of Queensland for $374M. CIT Group has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Join Mergr and gain access to CIT Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

CIT Group, Inc.

One CIT Drive,
Livingston, New Jersey 07039
United States,
(973) 740-5000
www.cit.com

CIT Group, Inc. 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.

M&A Summary

Buy vs Sell

Year ≤ '14 '15 '16 '17 '18 '19 T
Buy (0.2/yr) # - 1 - - - - 1
vol $3.4B $3.4B
Sell (0.4/yr) # 2 - 1 1 - - 4
vol $374M $374M
  5

Top M&A Advisors

Financial Deals
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2
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1
Legal Deals
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2
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1

Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest OneWest Bank
$3.4B (2015-08-03)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest CIT Group (Australia) Ltd.
$374M (2010-04-26)

Financial Services M&A - Last 3 Years

When analyzing the financial services sector as a whole, according to Mergr, in the last 3 years, there are 456 financial services companies that have made at least 1 acquisition, 21 have acquired at least 5 companies, and 3 have acquired more than 10 companies.

The most prolific strategic financial services acquirer over the past 3 years is Mercer Advisors, with 12 acquisitions. The most prolific private equity acquirer in the financial services sector over the past 3 years is La Caisse de dépôt et placement du Québec (Centre CDP Capital) with 4 platform acquisitions.


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