M&A Deal Summary

HSBC Holding Acquires Household International

On March 28, 2003, HSBC Holding acquired financial services company Household International for 14.2B USD

Acquisition Highlights
  • This is HSBC Holding’s 2nd transaction in the Financial Services sector.
  • This is HSBC Holding’s largest (disclosed) transaction.
  • This is HSBC Holding’s 1st transaction in the United States.
  • This is HSBC Holding’s 1st transaction in Illinois.

M&A Deal Summary
Date 2003-03-28
Target Household International
Sector Financial Services
Buyer(s) HSBC Holding
Deal Type Add-on Acquisition
Deal Value 14.2B USD
Advisor(s) Goldman Sachs (Financial)

Target

Household International

Prospect Heights, Illinois, United States
Household International, Inc. is a consumer finance company.

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Buyer(S) 1

Buyer

HSBC Holding

London, United Kingdom
Category Company
Founded 1865
Sector Financial Services
Employees214,400
Revenue 63.0B USD (2023)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC dates back to 1865 and is based in London, United Kingdom

DEAL STATS #
Overall 2 of 8
Sector (Financial Services) 2 of 6
Type (Add-on Acquisition) 2 of 6
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Bus Parts Warehouse

Syracuse, New York, United States

Bus Parts Warehouse is a distributor of aftermarket school bus parts. Bus Parts supplies replacement parts, product upgrades, and special needs products for the school transportation industry. Bus Parts Warehouse stocks a wide variety of products manufactured by the major industry suppliers and has a strong focus on special needs products with a sales staff that is certified to instruct operators on how to properly secure wheelchair-bound occupants. Bus Parts Warehouse is based in Syracuse, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-21 HSBC Asset Management

Sydney, Australia

HSBC Asset Management (Australia) manages wholesale and retail funds across arange of asset classes.

Sell $22M
Mergr

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