TRANSACTIONS SINCE 1996 |
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59 Credit Card M&A Transactions totaling over $136 billion in outstandings |
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Advisory Client in Bold |
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Quarter of |
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$Million Total |
Sale |
Target Name |
Acquiror Name |
Outstandings |
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1st qtr 06 |
SAV Credit (Private Equity) |
Electra Partners LTD |
44 |
1st qtr 06 |
North Fork Bancorporation |
Capital One Financial |
NA |
3nd qtr 05 |
CardWorks |
CompuCredit |
650 |
3nd qtr 05 |
Undisclosed International Seller |
Undisclosed US Buyer |
>2,000 |
2nd qtr 05 |
Providian Financial |
Washington Mutual Inc. |
18,089 |
2nd qtr 05 |
Federated Department Stores |
Citigroup Inc. |
6,600 |
3rd qtr 04 |
Capital One French Credit Card Business |
Cofinoga/Mediatis |
180 |
3rd qtr 04 |
Marks and Spencer |
HSBC |
4,700 |
2nd qtr 04 |
SouthTrust |
MBNA |
323 |
1st qtr 04 |
Circuit City Private Label Card Portfolio |
Bank One |
1,800 |
3rd qtr 03 |
Goldfish Bank Ltd |
Lloyds TSB Bank |
1,600 |
3rd qtr 03 |
Sears Credit Card Portfolio |
Citigroup |
29,000 |
2nd qtr 03 |
Stage Stores Private Label Credit Card Portfolio |
Alliance Data Systems |
241 |
3rd qtr 02 |
Alliance & Leicester Credit Card Portfolio |
MBNA |
1,200 |
3rd qtr 02 |
Saks Private Label Credit Card Portfolio |
Household |
1,300 |
2nd qtr 02 |
Providian's High Risk Portfolio |
Citigroup/Goldman/ CardWorks/CompuCredit |
2,400 |
1st qtr 02 |
Providian's UK Business |
Barclay Card |
570 |
1st qtr 02 |
Providian Master Trust |
JP Morgan Chase and Co. |
7,800 |
2nd qtr 01 |
Wachovia credit card portfolio |
Banc One |
7,500 |
1st qtr 01 |
Abbey National Plc's retail credit card business |
MBNA Corp. |
411 |
4th qtr 00 |
Bank of Hawaii's Credit Card Portfolio |
American Express |
226 |
3 rd qtr 00 |
Rocky Mountain Bancard (USB) |
MBNA |
142 |
2 nd qtr 00 |
US Bancorp (Credit line portfolio) |
MBNA Corp. |
111 |
2 nd qtr 00 |
Bank One (UK) |
Halifax |
260 |
2 nd qtr 00 |
Bank One (Canada) |
Royal Bank of Canada |
260 |
1st qtr 00 |
Harley Davidson Inc. |
US Bancorp. |
140 |
3nd qtr 99 |
GE Capital |
First USA |
340 |
2nd qtr 99 |
GE Capital |
Metris |
1,300 |
1st qtr 99 |
H&R Block Inc. |
Providian |
181 |
4th qtr 98 |
PNC Bank |
MBNA Corp. |
2,979 |
4th qtr 98 |
First USA |
GE Capital |
2,600 |
4th qtr 98 |
Metris |
Thomas H. Lee - Private Equity |
n/a |
4th qtr 98 |
GE Capital |
First USA |
2,200 |
4th qtr 98 |
Household |
Fleet Financial |
1,337 |
3rd qtr 98 |
PNC Bank |
Metris Companies |
1,000 |
3rd qtr 98 |
Chevy Chase |
First USA |
4,900 |
2nd qtr 98 |
Crestar Bank |
Fleet Financial |
600 |
2nd qtr 98 |
Marine Midland |
Chase Manhattan Corp. |
362 |
1st qtr 98 |
Mercantile (Roosevelt) |
Chevy Chase |
92 |
4th qtr 97 |
First Union |
Providian |
1,100 |
4th qtr 97 |
AT&T Universal Card Services |
Citicorp |
15,300 |
3rd qtr 97 |
Bank of New York |
Chase Manhattan |
4,200 |
3rd qtr 97 |
Household |
Advanta |
193 |
2nd qtr 97 |
Prudential Insurance |
General Electric |
1,068 |
2nd qtr 97 |
American General Finance |
GE Capital Consumer Card Co. |
515 |
2nd qtr 97 |
American General Finance |
Associates Investment Corp. |
374 |
2nd qtr 97 |
Old Kent Financial |
First National Bank of Omaha |
318 |
1st qtr 97 |
National City |
American General Finance |
76 |
4th qtr 96 |
Banc One (AAA) |
PNC Bank Corp. |
738 |
4th qtr 96 |
Central Fidelity (AAA) |
PNC Bank Corp. |
8 |
4th qtr 96 |
GE Capital Corp. (AAA) |
PNC Bank Corp. |
8 |
4th qtr 96 |
Mellon Bank (AAA) |
PNC Bank Corp. |
771 |
4th qtr 96 |
Banc One (AAA) |
PNC Bank Corp. |
59 |
4th qtr 96 |
National City |
Alliance Data Systems |
428 |
3rd qtr 96 |
Barnett Banks |
Household International |
130 |
3rd qtr 96 |
Barnett Banks |
Household International |
780 |
2nd qtr 96 |
Norwest Corporation |
Associates First Capital Corp. |
661 |
2nd qtr 96 |
AFL-CIO Union MasterCard/ Household |
Bank of New York |
3,400 |
1st qtr 96 |
National Westminster Bank |
Household International |
468 |