Investment Summary

Exits Discover

On June 30, 2007, invested in financial services company Discover from Morgan Stanley

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.
Investment Fate
  • Discover was sold to a strategic buyer in 2024 for 35.3B USD.

Investment Summary
Date 2007-06-30
Target Discover
Sector Financial Services
Sellers(s) Morgan Stanley
Deal Type Spin Off

Target

Discover

Riverwoods, Illinois, United States
Discover Financial's corporate headquarters in Riverwoods, Illinois.
Discover Financial's corporate headquarters in Riverwoods, Illinois.
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.

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Seller(S) 1

SELLER

Morgan Stanley

New York, New York, United States
Category Company
Founded 1924
Sector Financial Services
Employees80,000
Revenue 50.7B USD (2023)
DESCRIPTION
Morgan Stanley office in Tempe, Arizona.
Morgan Stanley office in Tempe, Arizona.

Morgan Stanley is a global financial services firm that provides its products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. Morgan Stanley's business segments include institutional securities, wealth management, and investment management. Morgan Stanley was formed in 1924 and is based in New York City.

DEAL STATS #
Overall 2 of 9
Sector (Financial Services) 2 of 6
Type (Spin Off) 1 of 2
State (Illinois) 1 of 2
Country (United States) 1 of 7
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Quilter Holdings

London, United Kingdom

Quilter Holdings Ltd. operates as an investment management company providing account management, stock broking and advisory services to private individuals, pension funds and trusts. Company business model focuses on discretionary, fee-based wealth advisory services and complements.

Sell £5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 MSCI

New York, New York, United States

MSCI is a provider of investment decision support tools ranging from large pension plans to boutique hedge funds, offers a range of products and services - including indexes, portfolio risk, performance analytics, and ESG data and research - from many internationally recognized brands such as Barra, RiskMetrics, and IPD. MSCI was founded in 1998 and is based in New York City.

Sell -
Mergr

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