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 ≤ '12 '13 '14 '15 '16 '17 T
Buy (0.2/yr) # - - - 1 - - 1
vol $3.4B $3.4B
Sell (0.4/yr) # 2 - - - 1 1 4
vol $374M $374M
  5

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Financial Deals
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Legal Deals
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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)

According to our data here at Mergr, 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%).

When analyzing the financial services sector as a whole, according to Mergr, in the last 3 years, there are 526 financial services companies that have made at least 1 acquisition, 25 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 AFH Financial Group, with 11 acquisitions. The most prolific private equity acquirer in the financial services sector over the past 3 years is The Carlyle Group with 6 platform acquisitions.

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.


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