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M&A Deal Summary

Fortress Acquires OneMain Financial

On November 1, 2010, asset manager Fortress acquired financial services company OneMain Financial for 125M USD

Acquisition Highlights
  • This is Fortress’ 8th transaction in the Financial Services sector.
  • This is Fortress’ 20th largest (disclosed) transaction.
  • This is Fortress’ 22nd transaction in the United States.
  • This is Fortress’ 1st transaction in Indiana.
Investment Fate
  • OneMain Financial went public in 2013.
  • OneMain Financial was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2010-11-01
Target OneMain Financial
Sector Financial Services
Buyer(s) Fortress
Deal Type Special Situations/Distressed
Deal Value 125M USD

Target

OneMain Financial

Evansville, Indiana, United States
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.

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Buyer(S) 1

Buyer

Fortress

New York, New York, United States
Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 29 of 49
Sector: Financial Services M&A 8 of 10
Type: Special Situations/Distressed M&A Deals 5 of 7
State: Indiana M&A 1 of 1
Country: United States M&A 22 of 36
Year: 2010 M&A 2 of 2
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 CW Financial Services

Needham, Massachusetts, United States

CW Financial Services is a vertically integrated commercial real estate debt platform offering a full range of products and services including multifamily lending, primary servicing, special servicing, consulting and investment management. The special servicing unit is the second largest special servicer of commercial real estate loans in the US. CW Financial Services is based in Needham, Massachusetts.

Buy $292M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 AMRESCO

Solon, Ohio, United States

AMRESCO, Inc. manufactures and supplies biochemicals and reagents for research applications.

Sell -
Mergr

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