Citi Mergers and Acquisitions Summary

Financial Services Company

Citi has acquired 19 companies, including 1 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 20 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 8 different US states, and 7 countries. The Company’s most targeted sectors include financial services (77%) and business services (12%).

Join Mergr and gain access to Citi’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.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity17
    • M&A Sell Activity18
  • Total Sectors Invested 4
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 31
  • M&A Advisors 4

Citigroup, Inc. (Citi)

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 formed in 1812 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 16 - 1 - - - 17
vol $62.0B $6.9B $68.9B
Sell (0.2/yr) # 17 - - - 1 - 18
vol $20.6B $20.6B
  35

Most Recent M&A

Company Date Value Type
Dun & Bradstreet Holdings, Inc. 2020-06-24 - IPO
Short Hills, New Jersey · www.dnb.com
Dun & Bradstreet Holdings, Inc. 2018-08-08 6.9B USD Going Private
Short Hills, New Jersey · www.dnb.com
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 Purchase
Guangzhou, China · www.cgbchina.com.cn
Cabot Financial Ltd. 2011-04-06 - Merger
Kings Hill, West Malling, United Kingdom · www.cabotfinancial.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 (76%) 59.7B (87%) 11 (61%) 6.6B (32%)
Business Services 2 (12%) 2.4B (3%) 3 (17%) 1.6B (8%)
Information Services 1 (6%) 6.9B (10%) 1 (6%) -
Information Technology - - 2 (11%) 632M (3%)
Software 1 (6%) - - -
Insurance - - 1 (6%) 11.8B (57%)
Total 17 $68.9B 18 $20.6B

By Geo

State/Country Buy Value Sell Value
United States 10 42.8B 11 13.4B
  New York 2 3.4B 1 -
  Massachusetts 2 900M 1 900M
  Illinois 1 - 2 165M
  South Carolina 1 680M 1 -
  New Jersey 1 6.9B 1 -
  Connecticut - - 2 12.1B
  Texas 1 31.0B - -
  Pennsylvania 1 - - -
  California 1 16M - -
  Georgia - - 1 -
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 - - -
Japan - - 1 1.0B
Mexico 1 12.5B - -
South Korea 1 2.7B - -
Turkey 1 - - -
Domestic 10 (59%) 42.8B (62%) 11 (61%) 13.4B (65%)
Cross-border 7 (41%) 26.1B (38%) 7 (39%) 7.2B (35%)
Total 17 $68.9B 18 $20.6B

Top M&A Advisors

Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
2
Sidley Austin LLP
1
Torys LLP
1

Deal Values

buy # Total
> $1B 8 $66.9B
$100M to $1B 3 $2.0B
< $100M 1 $16M
TOTAL $68.9B
Largest Associates First Capital Corp.
$31.0B (2000-09-06)
sell # Total
> $1B 3 $18.3B
$100M to $1B 6 $2.3B
TOTAL $20.6B
Largest The Travelers Life and Annuity Co.
$11.8B (2005-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
29%
5 (29%)
Strategic(s)
18%
3 (18%)
Divested to
Investor(s)
11%
2 (11%)
Strategic(s)
83%
15 (83%)

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