M&A Deal Summary

SMBC Acquires Nikko Cordial

On May 1, 2009, SMBC acquired financial services company Nikko Cordial from Citigroup Japan Holdings for 775M JPY

Acquisition Highlights
  • This is SMBC’s 1st transaction in the Financial Services sector.
  • This is SMBC’s 0th largest (disclosed) transaction.
  • This is SMBC’s 1st transaction in Japan.

M&A Deal Summary
Date 2009-05-01
Target Nikko Cordial
Sector Financial Services
Buyer(s) SMBC
Sellers(s) Citigroup Japan Holdings
Deal Type Divestiture
Deal Value 775M JPY

Target

Nikko Cordial

Tokyo,, Japan
Nikko Cordial Corporation, through its subsidiaries, provides investment and financial services.

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Buyer(S) 1

Buyer

SMBC

Tokyo, Japan
Category Company
Founded 2002
Sector Financial Services
Employees120,000
Revenue 4.43T JPY (2024)
DESCRIPTION

SMBC,offer a diverse range of financial services, centered on banking operations, and including credit card services, leasing, information services, and securities. SMBC was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Japan) 1 of 1
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 SMBC Rail Services

Chicago, Illinois, United States

SMBC Rail Services is a full-service lessor of rolling stock, offering comprehensive rail leasing solutions in North America. SMBC Rail Services is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Citigroup Japan Holdings

Tokyo,, Japan
Category Company
Founded 1991
Sector Financial Services
DESCRIPTION

Citigroup Japan Holdings Corp. is a holding company focused on providing financial, banking, and asset management services through its subsidiaries.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 2
Country (Japan) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Fleet Partners Pty

Richmond, Australia

Fleet Partners Pty Ltd. is a provider of passenger and commercial vehicle fleet management services in Australia and New Zealand. FleetPartners provides fully maintained and funded operating leases to its customers and typically takes on the residual value risk of the vehicle. It also provides a range of novated and finance leases and other niche products depending on the needs of its customers. Fleet Partners was established in 2006 and is based in Richmond, Australia.

Sell -
Mergr

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