Divestiture • Financial Services

OneMain Financial Acquires OneMain Financial

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date March 3, 2015
Target OneMain Financial
Sector Financial Services
Buyer(s) OneMain Financial
Sellers(s) CitiFinancial Credit Co.
Deal Type Divestiture
Deal Value 4.3B USD
Advisor(s) Citi (Financial)
Davis Polk & Wardwell (Legal)

Target Company

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 Overview 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 Context for Buyer #
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 Profile 1

SELLER

CitiFinancial Credit Co.

Baltimore, Maryland, United States

Category Company
Sector Financial Services
DESCRIPTION

CitiFinancial Credit Co. is a financial services company.


Deal Context for Seller #
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