M&A Deal Summary

Santander Consumer USA Acquires CitiFinancial Auto Loan Portfolio

On September 3, 2010, Santander Consumer USA acquired financial services company CitiFinancial Auto Loan Portfolio from CitiFinancial Auto

Acquisition Highlights
  • This is Santander Consumer USA’s 1st transaction in the Financial Services sector.
  • This is Santander Consumer USA’s 1st transaction in the United States.
  • This is Santander Consumer USA’s 1st transaction in Texas.

M&A Deal Summary

Date 2010-09-03
Target CitiFinancial Auto Loan Portfolio
Sector Financial Services
Buyer(s) Santander Consumer USA
Sellers(s) CitiFinancial Auto
Deal Type Divestiture

Target

CitiFinancial Auto Loan Portfolio

Irvin, Texas, United States
CitiFinancial Auto Corporation, Auto Loan Portfolio comprises $3.2 billion of CitiFinancial Auto's auto loan portfolio.

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Buyer(S) 1

Buyer

Santander Consumer USA

Dallas, Texas, United States

Category Company
Founded 1995
Sector Financial Services
Employees5,576
Revenue 6.9B USD (2020)
DESCRIPTION

Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

CitiFinancial Auto

Irving,, Texas, United States

Category Company
Founded 1970
Sector Financial Services
DESCRIPTION

CitiFinancial Auto Corporation provides automobile financing for auto loans to consumers via dealerships in the United States.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1