1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. MUFG Americas Holdings Acquires Trade Payable Services

M&A Deal Summary

MUFG Americas Holdings Acquires Trade Payable Services

On January 16, 2019, MUFG Americas Holdings acquired financial services company Trade Payable Services from General Electric

Acquisition Highlights
  • This is MUFG Americas Holdings’ 1st transaction in the Financial Services sector.
  • This is MUFG Americas Holdings’ 1st transaction in the United States.

M&A Deal Summary
Date 2019-01-16
Target Trade Payable Services
Sector Financial Services
Buyer(s) MUFG Americas Holdings
Sellers(s) General Electric
Deal Type Divestiture

Target

Trade Payable Services

United States
Trade Payable Services is designed to provide suppliers with faster invoice payments from their customer. Invoices can be paid upon approval in exchange for a discount, which is deducted from the gross amount of the invoice.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

MUFG Americas Holdings

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

MUFG Americas Holdings Corp. is one of the world’s major financial groups, with total assets of approximately $2.8 trillion (USD)1 as of December 31, 2017. Our services include corporate banking, commercial banking, consumer banking, wealth management, investment banking, securities, capital markets, personal and corporate trust, and transaction banking.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 41 of 46
Sector: Financial Services M&A 9 of 9
Type: Divestiture M&A Deals 34 of 38
Country: United States M&A 32 of 35
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 ServiceMax

Pleasanton, California, United States

ServiceMax is a provider of field services management software solutions for technicians and offers complete end-to-end mobile and cloud-based technology for the sector. ServiceMax was founded in 1999 and is based in Pleasanton, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 General Electric - Solar Business

Fairfield, Connecticut, United States

General Electric's Solar Business provides solar and storage solutions for the commercial industrial and public sectors. General Electric's Solar Business is based in Fairfield, Connecticut.

Sell -
Mergr

Solution for

Product

Company

Legal