M&A Deal Summary

PaineWebber Group Acquires Kidder Peabody

On October 18, 1994, PaineWebber Group acquired financial services company Kidder Peabody from General Electric for 670M USD

Acquisition Highlights
  • This is PaineWebber Group’s 1st transaction in the Financial Services sector.
  • This is PaineWebber Group’s largest (disclosed) transaction.
  • This is PaineWebber Group’s 1st transaction in the United States.
  • This is PaineWebber Group’s 1st transaction in New York.

M&A Deal Summary
Date 1994-10-18
Target Kidder Peabody
Sector Financial Services
Buyer(s) PaineWebber Group
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 670M USD

Target

Kidder Peabody

New York, New York, United States
Kidder, Peabody, & Co. is a national brokerage, securities, and wealth management firm.

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Buyer(S) 1

Buyer

PaineWebber Group

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

PaineWebber Group, Inc. is a national brokerage firm.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (1994) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. 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 1 of 45
Sector (Financial Services) 1 of 9
Type (Divestiture) 1 of 38
State (New York) 1 of 3
Country (United States) 1 of 35
Year (1994) 1 of 1
Size (of disclosed) 12 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1986-04-25 Kidder Peabody

New York, New York, United States

Kidder, Peabody, & Co. is a national brokerage, securities, and wealth management firm.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-02 General Electric - Compressor Motor Business

Scottsville, Kentucky, United States

General Electric - Compressor Motor Business is a manufactures 1/2 through six horsepower motors and serves a number of major U.S. compressor manufacturers.

Sell $120M
Mergr

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