M&A Deal Summary

Citi Acquires Associates First Capital

On September 6, 2000, Citi acquired financial services company Associates First Capital for 31.0B USD

Acquisition Highlights
  • This is Citi’s 3rd transaction in the Financial Services sector.
  • This is Citi’s largest (disclosed) transaction.
  • This is Citi’s 3rd transaction in the United States.
  • This is Citi’s 1st transaction in Texas.

M&A Deal Summary
Date 2000-09-06
Target Associates First Capital
Sector Financial Services
Buyer(s) Citi
Deal Type Add-on Acquisition
Deal Value 31.0B USD

Target

Associates First Capital

Irving, Texas, United States
Associates First Capital Corp. a diversified financial services organization providing finance, leasing, insurance and related services to individual consumers and businesses in the US and internationally.

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Buyer(S) 1

Buyer

Citi

New York, New York, United States
Category Company
Founded 1812
Sector Financial Services
Employees237,000
Revenue 78.5B USD (2023)
DESCRIPTION

Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.

DEAL STATS #
Overall 3 of 16
Sector (Financial Services) 3 of 13
Type (Add-on Acquisition) 2 of 11
State (Texas) 1 of 1
Country (United States) 3 of 9
Year (2000) 2 of 2
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-28 CitiStreet

North Quincy, Massachusetts, United States

CitiStreet LLC is a US-based retirement plan and benefit service and administration company, with additional operations in Australia for more than 16,000 plans and 12 million participants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-14 The Robinson-Humphrey

Atlanta, Georgia, United States

The Robinson-Humphrey Co. LLC is a private client business and the municipal banking, sales and trading operations, which have been previously integrated into SSB, are not included in this transaction and their management structures remain the same.

Sell -
Mergr

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