M&A Deal Summary |
|
---|---|
Date | 2010-04-26 |
Target | CIT Group |
Sector | Financial Services |
Buyer(s) | Bank Of Queensland |
Sellers(s) | CIT |
Deal Type | Divestiture |
Deal Value | 525M AUD |
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Category | Company |
---|---|
Founded | 1874 |
Sector | Financial Services |
Employees | 3,169 |
Revenue | 1.8B AUD (2023) |
Bank Of Queensland a regional bank provides full range of personal banking services. Bank of Queensland was founded in 1874 and is based in Newstead, Australia.
DEAL STATS | # |
---|---|
Overall | 4 of 7 |
Sector (Financial Services) | 4 of 6 |
Type (Divestiture) | 2 of 2 |
Country (Australia) | 3 of 6 |
Year (2010) | 2 of 3 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-04-26 |
BOQ Finance
Auckland, New Zealand BOQ Finance (NZ) Ltd. provides equipment finance leasing services. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-07-01 |
St Andrew s Australia
Perth, Australia St Andrew's is a manufacturer of consumer credit insurance products with a solid history of partnering with financial institutions to deliver insurance solutions. |
Buy | $45M |
Category | Company |
---|---|
Founded | 1908 |
Sector | Financial Services |
Employees | 4,085 |
Revenue | 2.4B USD (2020) |
CIT is a financial holding company with approximately $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT was founded in 1908 and is based in New York city.
DEAL STATS | # |
---|---|
Overall | 2 of 5 |
Sector (Financial Services) | 2 of 3 |
Type (Divestiture) | 2 of 5 |
Country (Australia) | 1 of 1 |
Year (2010) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-04-26 |
BOQ Finance
Auckland, New Zealand BOQ Finance (NZ) Ltd. provides equipment finance leasing services. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-08-03 |
OneWest Bank
Pasadena, California, United States OneWest Bank is a provider of financial services. |
Buy | $3.4B |