Citi - M&A Summary and Business Overview

Financial ServicesCompany

Citi M&A Summary

Citi has acquired 18 companies. A total of 7 acquisitions came from private equity firms. It has also divested 19 assets.

Citi’s largest acquisition to date was in 2000, when it acquired Associates First Capital for $31.0B. It’s largest disclosed sale occurred in 2005, when it sold The Travelers Life and Annuity to MetLife for $11.8B. Citi has acquired in 7 different US states, and 7 countries. The Company’s most targeted sectors include financial services (82%) and business services (13%).

Citi Business Overview

Where is Citi headquartered?

Citi is headquartered in New York, New York.

What is Citi’s revenue?

Citi disclosed revenue of 75,305M USD for 2022 and 71,887M USD for 2021.

How many employees does Citi have?

Citi has 236,304 employees.

What sector is Citi in?

Citi is a financial services company.

When was Citi founded?

Citi was founded in 1812.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity16
    • M&A Sell Activity19
  • Total Sectors Invested 3
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 29
  • M&A Advisors 5

Citi

Citigroup, Inc.

388 Greenwich Street,
New York, New York 10013
United States,
(212) 559-1000
www.citigroup.com

Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 16 - - - - - 16
vol $62.0B $62.0B
Sell (0.2/yr) # 18 - - 1 - - 19
vol $20.6B $690M $21.3B
  35

Most Recent M&A

Company Date Value Type
Citi - Consumer Bank in Indonesia, Malaysia, Thailand and Vietnam 2022-01-13 690M USD Divestiture
, Indonesia
Fairstone Financial, Inc. 2016-11-17 - Divestiture
Montreal, Ontario · www.fairstone.ca
Citigroup - Prepaid Card Services 2016-06-29 - Divestiture
New York, New York
Automated Trading Desk LLC 2016-05-16 - Divestiture
Mount Pleasant, South Carolina · www.atdesk.com
Citi - Alternative Investor Services Business 2016-03-11 321M USD Divestiture
, United States
China Guangfa Bank Co., Ltd. 2016-02-29 - Stake Sale
Guangzhou, China · www.cgbchina.com.cn
Cabot Financial Ltd. 2011-04-06 - Merger
Kings Hill, West Malling, United Kingdom · www.cabotfinancial.com
Primerica, Inc. 2010-03-31 - Spin Off
Duluth, Georgia · www.primerica.com
BELLSYSTEM24 Holdings, Inc. 2009-12-30 1.0B USD Divestiture
Tokyo, Japan · www.bell24hd.co.jp
Citi Diners Club Inc. 2009-11-24 - Divestiture
Chicago,, Illinois
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CitiFinancial Credit Co.    - OneMain Financial 2015-03-03 1
Baltimore, Maryland Evansville, Indiana

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 13 (81%) 59.7B (96%) 12 (63%) 7.3B (34%)
Business Services 2 (13%) 2.4B (4%) 3 (16%) 1.6B (7%)
Information Technology - - 2 (11%) 632M (3%)
Insurance - - 2 (11%) 11.8B (55%)
Software 1 (6%) - - -
Total 16 $62.0B 19 $21.3B

By Geo

State/Country Buy Value Sell Value
United States 9 35.9B 11 13.4B
  New York 2 3.4B 1 -
  Massachusetts 2 900M 1 900M
  Illinois 1 - 2 165M
  South Carolina 1 680M 1 -
  Georgia - - 2 -
  Connecticut - - 2 12.1B
  Texas 1 31.0B - -
  Pennsylvania 1 - - -
  California 1 16M - -
United Kingdom 2 9.4B 1 -
India - - 2 632M
Canada - - 1 -
  Ontario - - 1 -
China - - 1 -
Costa Rica 1 1.5B - -
Germany - - 1 5.5B
Guatemala 1 - - -
Indonesia - - 1 690M
Japan - - 1 1.0B
Mexico 1 12.5B - -
South Korea 1 2.7B - -
Turkey 1 - - -
Domestic 9 (56%) 35.9B (58%) 11 (58%) 13.4B (63%)
Cross-border 7 (44%) 26.1B (42%) 8 (42%) 7.8B (37%)
Total 16 $62.0B 19 $21.3B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 2
Torys LLP
 1
Schwartz & Ballen
 1

Deal Values

buy # Total
> $1B 7 $60.0B
$100M to $1B 3 $2.0B
< $100M 1 $16M
TOTAL $62.0B
Largest Associates First Capital Corp.
$31.0B (2000-09-06)
sell # Total
> $1B 3 $18.3B
$100M to $1B 7 $3.0B
TOTAL $21.3B
Largest The Travelers Life and Annuity Co.
$11.8B (2005-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
31%
5 (31%)
Strategic(s)
19%
3 (19%)
Divested to
Investor(s)
11%
2 (11%)
Strategic(s)
84%
16 (84%)

Company Summary

SECTOR

Financial Services

Revenue

75,305   5% 2022
71,887   5% 2021
75,494   1% 2020
75,067   2% 2019
74,036   2% 2018
72,698   2017
(millions of USD) Show More Show Less

Employees

236,304

Established

1812

Public

NYSE: C

Former Name

Travelers Group

 Subscribe to unlock this and 201,535
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Citi

New York Companies , Financial Services Companies , United States Companies , New York Financial Services Companies , New York Financial Services with Acquisitions , New York Financial Services with Divestitures

Related Lists for New York Companies

Largest New York Companies , Acquisitive New York Companies , Recently Acquired New York Companies , Recently Sold New York Companies , Private New York Companies , Public New York Companies , Acquired New York Companies , PE Backed New York Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal