M&A Deal Summary

Capital One Auto Finance Acquires Onyx Acceptance

On September 22, 2004, Capital One Auto Finance acquired financial services company Onyx Acceptance for 191M USD

Acquisition Highlights
  • This is Capital One Auto Finance’s 1st transaction in the Financial Services sector.
  • This is Capital One Auto Finance’s largest (disclosed) transaction.
  • This is Capital One Auto Finance’s 1st transaction in the United States.
  • This is Capital One Auto Finance’s 1st transaction in California.

M&A Deal Summary

Date 2004-09-22
Target Onyx Acceptance
Sector Financial Services
Buyer(s) Capital One Auto Finance
Deal Type Add-on Acquisition
Deal Value 191M USD

Target

Onyx Acceptance

Foothill Ranch, California, United States
Onyx Acceptance Corporation is a specialized automobile finance company based in Foothill Ranch, California. Onyx provides auto financing to franchised and select independent dealerships throughout the United States.

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Buyer(S) 1

Buyer

Capital One Auto Finance

Plano,, Texas, United States

Category Company
Founded 1955
Sector Financial Services
DESCRIPTION

Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing products.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1