Divestiture • Financial Services

PaineWebber Group Acquires Kidder Peabody & Co.

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

Acquisition Context
  • 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.

Explore All 709 Divestiture Financial Services Deals - Search the Database Free


M&A Deal Summary

Date October 18, 1994
Target Kidder Peabody & Co.
Sector Financial Services
Buyer(s) PaineWebber Group
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 670M USD

Target Company

Kidder Peabody & Co.

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

Browse All 215,156 Deals

FILTER BY

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

Search Free

Buyer Overview 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 Context for Buyer #
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 Profile 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 Context for Seller #
Overall 1 of 46
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 & Co.

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