KeyCorp. Mergers and Acquisitions Summary

Financial Services Company

KeyCorp. has acquired 7 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

KeyCorp.’s largest acquisition to date was in 2015, when it acquired First Niagara Financial Group for $4.1B. KeyCorp. has acquired in 5 different US states. The Company’s most targeted sectors include financial services (80%) and internet software and services (20%).

Join Mergr and gain access to KeyCorp.’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 Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 3

KeyCorp.

127 Public Square,
Cleveland, Ohio 44114
United States,
(216) 689-3000
www.key.com

KeyCorp is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. KeyCorp was founded in 1849 and is based in Cleveland, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 3 - 1 - 1 - 5
vol $4.2B $4.2B
Sell (0.2/yr) # - - - 1 - - 1
  6

Most Recent M&A

Company Date Value Type
Laurel Road Bank - Online Lending Business 2019-01-16 - Divestiture
, Connecticut
Key Insurance & Benefits Services, Inc. 2018-03-29 - Divestiture
Buffalo, New York
HelloWallet Holdings, Inc. 2017-05-31 - Divestiture
Washington, District of Columbia · www.hellowallet.com
First Niagara Financial Group, Inc. 2015-10-30 4.1B USD Add-on Acquisition
Buffalo, New York · www.fnfg.com
Pacific Crest Securities LLC 2014-07-17 - Add-on Acquisition
Portland, Oregon · www.pacific-crest.com
HSBC - 37 Retail Banking Branches 2012-07-13 95M USD Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
KeyBank Real Estate Capital    - Bank of America CMBS Servicing Portfolio 2013-05-09 2
Kansas City, Missouri · www.key.com/key2cre , United States
KeyBank Real Estate Capital    - Berkadia CMBS Special Servicing Business 2013-05-09 1
Kansas City, Missouri · www.key.com/key2cre , United States

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (80%) 4.2B (100%) - -
Internet Software and Services 1 (20%) - - -
Insurance - - 1 (100%) -
Total 5 $4.2B 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 4.2B 1 -
  New York 1 4.1B 1 -
  Oregon 1 - - -
  District of Columbia 1 - - -
  Connecticut 1 - - -
Total 5 $4.2B 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
2
KeyBanc Capital Markets
2
Legal Deals
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 1 $4.1B
< $100M 1 $95M
TOTAL $4.2B
Largest First Niagara Financial Group, Inc.
$4.1B (2015-10-30)

M&A Connections

Deals %
Acquired from
PE Firm(s)
50%
3 50%
Strategic(s)
50%
3 50%
Divested to
Strategic(s)
100%
1 100%

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