M&A Deal Summary

CNO Financial Group Acquires Green Tree Financial

On April 8, 1998, CNO Financial Group acquired financial services company Green Tree Financial for 6.4B USD

Acquisition Highlights
  • This is CNO Financial Group’s 1st transaction in the Financial Services sector.
  • This is CNO Financial Group’s largest (disclosed) transaction.
  • This is CNO Financial Group’s 2nd transaction in the United States.

M&A Deal Summary
Date 1998-04-08
Target Green Tree Financial
Sector Financial Services
Buyer(s) CNO Financial Group
Deal Type Add-on Acquisition
Deal Value 6.4B USD

Target

Green Tree Financial

United States
Green Tree Financial Corp. is a diversified financial services company that offered home equity and home improvement loans, financing packages for the purchases of recreational vehicles and equipment, and credit cards.

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Buyer(S) 1

Buyer

CNO Financial Group

Carmel, Indiana, United States

website

Category Company
Founded 1979
Sector Insurance
Employees3,400
Revenue 3.6B USD (2022)
DESCRIPTION
CNO Financial's corporate headquarters in Carmel, Indiana.
CNO Financial's corporate headquarters in Carmel, Indiana.

CNO Financial Group develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. CNO Financial was incorporated in 1979 and is based in Carmel, Indiana.

DEAL STATS #
Overall 2 of 7
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 6
Country (United States) 2 of 7
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-01 Life Partners Group

Englewood, Colorado, United States

Life Partners Group was a life insurance holding company that was ultimately acquired by Conseco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-03 Consolidated Marketing Group

New Port Richey, Florida, United States

Consolidated Marketing Group is a markets products nationwide, specializing in work site marketing.

Buy -
Mergr

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