M&A Deal Summary |
|
---|---|
Date | 2008-02-05 |
Target | CitiStreet |
Sector | Financial Services |
Buyer(s) | ING Groep |
Sellers(s) |
Citi
State Street |
Deal Type | Divestiture |
Deal Value | 900M USD |
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Category | Company |
---|---|
Founded | 1762 |
Sector | Financial Services |
Employees | 60,000 |
Revenue | 22.4B USD (2023) |
ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, the Netherlands.
DEAL STATS | # |
---|---|
Overall | 5 of 6 |
Sector (Financial Services) | 3 of 3 |
Type (Divestiture) | 1 of 1 |
State (Massachusetts) | 1 of 2 |
Country (United States) | 5 of 6 |
Year (2008) | 1 of 2 |
Size (of disclosed) | 5 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2000-07-20 |
Aetna Financial Services
Connecticut, United States Aetna Financial Services consists of Aetna's non-healthcare insurance products offerings. |
Buy | $7.7B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2008-05-02 |
CitiStreet
North Quincy, Massachusetts, United States CitiStreet LLC is a provider of record keeping and administrative services, counseling and advice programs, and other benefit plan services primarily in the US. It has approximately 3,700 employees with the majority located in the US. |
Buy | $900M |
Category | Company |
---|---|
Founded | 1812 |
Sector | Financial Services |
Employees | 237,000 |
Revenue | 78.5B USD (2023) |
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 | 4 of 19 |
Sector (Financial Services) | 3 of 12 |
Type (Divestiture) | 4 of 16 |
State (Massachusetts) | 1 of 1 |
Country (United States) | 4 of 11 |
Year (2008) | 1 of 5 |
Size (of disclosed) | 4 of 10 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-07-02 |
Automated Trading Desk
Mount Pleasant, South Carolina, United States Automated Trading Desk is a brokerage firm specializing in automated trading and customized equity execution solutions. Automated Trading Desk has about 120 broker-dealer customers and trades, on average, more than 200 million shares daily, or 6 percent of the volume on both the New York Stock Exchange and Nasdaq. |
Buy | $680M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2008-04-07 |
Diners Club International
Chicago, Illinois, United States Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers, offering access to more than 500 airports lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world. |
Sell | $165M |
Category | Company |
---|---|
Founded | 1792 |
Sector | Financial Services |
Employees | 39,439 |
Revenue | 11.9B USD (2023) |
State Street is a specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. State Street was founded in 1792 and is based in Boston, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Financial Services) | 2 of 2 |
Type (Divestiture) | 2 of 2 |
State (Massachusetts) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2008) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-03-02 |
Currenex
New York City, New York, United States Currenex®, Inc. (www.currenex.com) is the market and technology leading online global currency trading platform that links buyers and sellers worldwide and is open to all money market and FX market participants. Currenex provides instant access to the global foreign exchange and money market asset classes via five price discovery mechanisms across all currencies. Currenex delivers secure, reliable and comprehensive FX and loans and deposits trading from trade initiation, pricing and execution to confirmation, settlement and reporting |
Buy | $564M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2008-05-02 |
CitiStreet
North Quincy, Massachusetts, United States CitiStreet LLC is a provider of record keeping and administrative services, counseling and advice programs, and other benefit plan services primarily in the US. It has approximately 3,700 employees with the majority located in the US. |
Buy | $900M |