M&A Deal Summary

OneMain Financial Acquires OneMain Financial

On March 3, 2015, OneMain Financial acquired financial services company OneMain Financial from CitiFinancial Credit for 4.3B USD

Acquisition Highlights
  • This is OneMain Financial’s 2nd transaction in the Financial Services sector.
  • This is OneMain Financial’s largest (disclosed) transaction.
  • This is OneMain Financial’s 1st transaction in the United States.
  • This is OneMain Financial’s 1st transaction in Indiana.

M&A Deal Summary
Date 2015-03-03
Target OneMain Financial
Sector Financial Services
Buyer(s) OneMain Financial
Sellers(s) CitiFinancial Credit
Deal Type Divestiture
Deal Value 4.3B USD
Advisor(s) Citigroup Investment Banking (Financial)
Davis Polk & Wardwell (Legal)

Target

OneMain Financial

Evansville, Indiana, United States
OneMain Financial is a provider of personal loan services. OneMain Financial is based in Evansville, Indiana.

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Buyer(S) 1

Buyer

OneMain Financial

Evansville, Indiana, United States

website

Category Company
Founded 1912
Sector Financial Services
Employees9,200
Revenue 4.2B USD (2022)
DESCRIPTION

OneMain Financial is a consumer finance company focused on providing loan products to customers through a nationwide branch network and internet lending platform. OneMain Financial was founded in 1912 and is based in Evansville, Indiana.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 4
Type (Divestiture) 2 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Ocean Finance and Mortgages

Tamworth,, United Kingdom

Ocean Finance and Mortgages Ltd. is a finance broker in the U.K., Ocean currently offers home owner loans, mortgages and remortgages (refinancing).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Merit

Charlotte, North Carolina, United States

Merit delivers products to the pre-retirement and retirement markets. Merit’s first product will be an annuity that provides individuals with lifetime certainty of income based on defined investment portfolio parameters. Merit is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

CitiFinancial Credit

Baltimore, Maryland, United States
Category Company
Sector Financial Services
DESCRIPTION

CitiFinancial Credit Co. is a financial services company.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal