M&A Deal Summary |
|
|---|---|
| Date | 2010-09-17 |
| Target | The Student Loan |
| Sector | Financial Services |
| Buyer(s) | Discover |
| Deal Type | Add-on Acquisition |
| Deal Value | 600M USD |
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| Category | Company |
|---|---|
| Founded | 1960 |
| Sector | Financial Services |
| Employees | 20,200 |
| Revenue | 13.3B USD (2022) |
Discover is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. The Company issues the Discover card and offers home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. Discover was founded in 1960 and is incorporated in Riverwoods, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Financial Services) | 3 of 5 |
| Type (Add-on Acquisition) | 2 of 3 |
| State (Utah) | 1 of 1 |
| Country (United States) | 3 of 5 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-07 |
Diners Club International
Chicago, Illinois, United States Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers, offering access to more than 500 airports lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world. |
Buy | $165M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-10-13 |
First National Bank Alaska
Anchorage, Arkansas, United States First National Bank Alaska is a provider of merchant banking services in US. |
Buy | - |
