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M&A Deal Summary

OneMain Financial Acquires OneMain Financial

On March 3, 2015, OneMain Financial acquired financial services company OneMain Financial from CitiFinancial Credit for 4.3B USD

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

M&A Deal Summary
Date 2015-03-03
Target OneMain Financial
Sector Financial Services
Buyer(s) OneMain Financial
Sellers(s) CitiFinancial Credit
Deal Type Divestiture
Deal Value 4.3B USD
Advisor(s) Citi (Financial)
Davis Polk & Wardwell (Legal)

Target

OneMain Financial

Evansville, Indiana, United States
OneMain Financial is a provider of personal loan services. OneMain Financial is based in Evansville, Indiana.

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Buyer(S) 1

Buyer

OneMain Financial

Evansville, Indiana, United States
Category Company
Founded 1912
Sector Financial Services
Employees9,000
Revenue 4.5B USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 4
Type (Divestiture) 2 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Ocean Finance and Mortgages

Tamworth,, United Kingdom

Ocean Finance and Mortgages Ltd. is a finance broker in the U.K., Ocean currently offers home owner loans, mortgages and remortgages (refinancing).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Knighthead Life

Charlotte, North Carolina, United States

Knighthead Life delivers insurance products to the pre-retirement and retirement markets. Knighthead Life was founded in 1957 and is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

CitiFinancial Credit

Baltimore, Maryland, United States
Category Company
Sector Financial Services
DESCRIPTION

CitiFinancial Credit Co. is a financial services company.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal