Discover - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

Discover M&A Summary

Discover has acquired 5 companies of its own.

Discover’s largest acquisition to date was in 2010, when it acquired The Student Loan for $600M. Discover has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

Discover Ownership

Who owns Discover?

Discover is owned by Capital One Financial. It was acquired on February 19, 2024.

Discover Business Overview

Where is Discover headquartered?

Discover is headquartered in Riverwoods, Illinois.

What is Discover’s revenue?

Discover disclosed revenue of 13,337M USD for 2022 and 12,087M USD for 2021.

How many employees does Discover have?

Discover has 20,200 employees.

What sector is Discover in?

Discover is a financial services company.

When was Discover founded?

Discover was founded in 1960.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Discover

Discover Financial Services

2500 Lake Cook Road,
Riverwoods, Illinois 60015
United States,
(224) 405-0900
www.discover.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $1.1B $1.1B
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Home Loan Center, Inc. 2012-06-06 - Divestiture
Irvine, California · www.homeloancenter.com
First National Bank Alaska 2010-10-13 - Add-on Acquisition
Anchorage, Arkansas · www.fnbalaska.com
The Student Loan Corp. 2010-09-17 600M USD Add-on Acquisition
Salt Lake City, Utah · www.studentloan.com
Diners Club International Ltd. 2008-04-07 165M USD Divestiture
Chicago, Illinois · www.dinersclub.com
PULSE payments network 2004-11-15 311M USD Add-on Acquisition
Houston, Texas · www.pulsenetwork.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Diners Club International Ltd. 2008-04-07 Dinit d.o.o. 2015-05-06 2
Chicago, Illinois · www.dinersclub.com Izola, Slovenia · www.dinitcs.com
Diners Club International Ltd. 2008-04-07 Diners Club Italia S.r.l. 2015-05-06 1
Chicago, Illinois · www.dinersclub.com Milan, Italy · www.dinersclub.it

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (100%) 1.1B (100%) - -
Total 5 $1.1B - -

By Geo

State/Country Buy Value Sell Value
United States 5 1.1B - -
  Utah 1 600M - -
  Texas 1 311M - -
  Illinois 1 165M - -
  California 1 - - -
  Arkansas 1 - - -
Total 5 $1.1B - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1

Deal Values

buy # Total
$100M to $1B 3 $1.1B
TOTAL $1.1B
Largest The Student Loan Corp.
$600M (2010-09-17)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Financial Services

Revenue

13,337   11% 2022
12,087   10% 2021
11,088   4% 2020
11,459   8% 2019
10,709   9% 2018
9,897   9% 2017
9,099   5% 2016
8,739   4% 2015
8,477   2014
(millions of USD) Show More Show Less

Employees

20,200

Established

1960

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