M&A Deal Summary

City National Acquires Rochdale Investment Management

On April 25, 2012, City National acquired financial services company Rochdale Investment Management

Acquisition Highlights
  • This is City National’s 7th transaction in the Financial Services sector.
  • This is City National’s 7th transaction in the United States.
  • This is City National’s 2nd transaction in New York.

M&A Deal Summary

Date 2012-04-25
Target Rochdale Investment Management
Sector Financial Services
Buyer(s) City National
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)

Target

Rochdale Investment Management

New York, New York, United States
Rochdale Investment Management LLC is an investment firm that manages assets for affluent and high-net-worth clients.

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Buyer(S) 1

Buyer

City National

Los Angeles, California, United States

Category Company
Founded 1953
Sector Financial Services
Employees3,638
Revenue 1.3B USD (2014)
DESCRIPTION
City National branch in New York City.
City National branch in New York City.

City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.


DEAL STATS #
Overall 7 of 7
Sector: Financial Services M&A 7 of 7
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 First American Equipment Finance

Rochester, New York, United States

First American Equipment Finance provides technology equipment financing solutions for middle market and investment-grade borrowers. Its clients include educational institutions, hospitals and health systems, large law firms, insurance underwriters, enterprise businesses, professional service businesses and nonprofit organizations.

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