M&A Deal Summary

CompuCredit Acquires The Citadel Group

On April 15, 2000, CompuCredit Corp. acquired financial services company The Citadel Group, Inc. from Citadel Capital Management, Inc. for 64M USD

Acquisition Highlights
  • This is CompuCredit’s 1st transaction in the Financial Services sector.
  • This is CompuCredit’s 1st largest (disclosed) transaction.
  • This is CompuCredit’s 1st transaction in the United States.
  • This is CompuCredit’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2000-04-15
Target The Citadel Group, Inc.
Sector Financial Services
Buyer(s) CompuCredit Corp.
Sellers(s) Citadel Capital Management, Inc.
Deal Type Merger
Deal Value 64M USD

Target

The Citadel Group, Inc.

Wayne, New Jersey, United States
The Citadel Group, Inc. is a provider of diversified financial services.

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Buyer(S) 1

Buyer

CompuCredit Corp.

Atlanta, Georgia, United States

website


Category Company
SectorFinancial Services
Employees900
DESCRIPTION

CompuCredit Corp. is a financial services company that uses sophisticated analytical techniques and computer models to target sub-prime consumer credit.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Citadel Capital Management, Inc.

Winter Park, Florida, United States

Investor

website


Category Private Equity Firm
Founded 1986
SizeSmall
Type Sector Agnostic
DESCRIPTION

Citadel Capital Management is a private investment firm that seeks private equity and venture investments. Citadel focuses on lower middle-market opportunities with an emphasis on real estate. Citadel is based in Maitland, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Biodental Technologies Corp.

Rancho Cordova, California, United States

Biodental Technologies Corp. is a dental device manufacturer.

Sell -