M&A Deal Summary |
|
|---|---|
| Date | 2007-07-02 |
| Target | Automated Trading Desk |
| Sector | Financial Services |
| Buyer(s) | Citi |
| Sellers(s) | TCV |
| Deal Type | Add-on Acquisition |
| Deal Value | 680M USD |
| Advisor(s) | Financial Technology Partners - FT Partners (Financial) Blank Rome (Legal) |
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| Category | Company |
|---|---|
| Founded | 1812 |
| Sector | Financial Services |
| Employees | 226,710 |
| Revenue | 81.1B USD (2024) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 16 |
| Sector: Financial Services M&A | 13 of 13 |
| Type: Add-on Acquisition M&A Deals | 10 of 11 |
| State: South Carolina M&A | 1 of 1 |
| Country: United States M&A | 8 of 9 |
| Year: 2007 M&A | 7 of 7 |
| Size (of disclosed) | 9 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-14 |
Grupo Financiero Cuscatlan de Costa Rica S.A.
San Jose, Costa Rica Grupo Financiero Cuscatlan de Costa, is one of the major financial groups in Central America with operations in El Salvador, Guatemala, Costa Rica, Honduras and Panama. It serves more than 45,000 corporate banking customers and 1.2 million consumer banking customers through a distribution network of 202 branches and 263 ATM’s throughout the region. |
Buy | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-05 |
CitiStreet
North Quincy, Massachusetts, United States CitiStreet LLC is a US-based retirement plan and benefit service and administration company, with additional operations in Australia for more than 16,000 plans and 12 million participants. |
Sell | $900M |
Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 84 |
| Sector: Financial Services M&A | 2 of 6 |
| Type: Add-on Acquisition M&A Deals | 17 of 43 |
| State: South Carolina M&A | 1 of 1 |
| Country: United States M&A | 27 of 73 |
| Year: 2007 M&A | 6 of 7 |
| Size (of disclosed) | 6 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-01 |
Embanet
Toronto, Ontario, Canada Embanet is an integrated, full service partner of non-profit institutions that provides online program design and development, marketing, enrollment and technology support. The company works with clients to effectively deliver technology support services to maximize their students' academic success and program completion. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-13 |
TradingScreen
New York, New York, United States TradingScreen is an expert on SaaS trading technology. TradeSmart OEMS offers workflow efficiency and seamless integration between the sell-side and buy-side, connecting markets globally and providing traders the access and information they need to optimize their trading performance. TradingScreen was founded in 1999 and is based in New York City. |
Buy | - |
