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Citi - M&A Summary and Business Overview

Financial ServicesCompany

Citi M&A Summary

Citi has acquired 18 companies. A total of 7 acquisitions came from private equity firms. It has also divested 19 assets.

Citi’s largest acquisition to date was in 2000, when it acquired Associates First Capital for $31.0B. It’s largest disclosed sale occurred in 2005, when it sold The Travelers Life and Annuity to MetLife for $11.8B. Citi has acquired in 7 different US states, and 7 countries. The Company’s most targeted sectors include financial services (82%) and business services (13%).

Citi Business Overview

Where is Citi headquartered?

Citi is headquartered in New York, New York.

What is Citi’s revenue?

Citi disclosed revenue of 81,089M USD for 2024 and 77,024M USD for 2023.

How many employees does Citi have?

Citi has 226,710 employees.

What sector is Citi in?

Citi is a financial services company.

When was Citi founded?

Citi was founded in 1812.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity16
    • M&A Sell Activity19
  • Total Sectors Invested 3
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 29
  • M&A Advisors 5

Citi

Citigroup, Inc.

388 Greenwich Street,
New York, New York 10013
United States,
(212) 559-1000
www.citigroup.com

Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 16 - - - - - 16
vol $62.0B $62.0B
Sell (0.2/yr) # 18 - 1 - - - 19
vol $20.6B $690M $21.3B
  35

Most Recent M&A

Company Date Value Type
Citi - Consumer Bank in Indonesia, Malaysia, Thailand and Vietnam 2022-01-13 690M USD Divestiture
, Indonesia
Fairstone Financial, Inc. 2016-11-17 - Divestiture
Montreal, Ontario · www.fairstone.ca
Citigroup - Prepaid Card Services 2016-06-29 - Divestiture
New York, New York
Automated Trading Desk LLC 2016-05-16 - Divestiture
Mount Pleasant, South Carolina · www.atdesk.com
Citi - Alternative Investor Services Business 2016-03-11 321M USD Divestiture
, United States
China Guangfa Bank Co., Ltd. 2016-02-29 - Stake Sale
Guangzhou, China · www.cgbchina.com.cn
Cabot Financial Ltd. 2011-04-06 - Merger
Kings Hill, West Malling, United Kingdom · www.cabotfinancial.com
Primerica, Inc. 2010-03-31 - Spin Off
Duluth, Georgia · www.primerica.com
BELLSYSTEM24 Holdings, Inc. 2009-12-30 1.0B USD Divestiture
Tokyo, Japan · www.bell24.co.jp/ja/
Citi Diners Club Inc. 2009-11-24 - Divestiture
Chicago,, Illinois
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CitiFinancial Credit Co.    - OneMain Financial 2015-03-03 1
Baltimore, Maryland Evansville, Indiana

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 13 (81%) 59.7B (96%) 12 (63%) 7.3B (34%)
Business Services 2 (13%) 2.4B (4%) 3 (16%) 1.6B (7%)
Information Technology - - 2 (11%) 632M (3%)
Insurance - - 2 (11%) 11.8B (55%)
Software 1 (6%) - - -
Total 16 $62.0B 19 $21.3B

By Geo

State/Country Buy Value Sell Value
United States 9 35.9B 11 13.4B
  New York 2 3.4B 1 -
  Massachusetts 2 900M 1 900M
  Illinois 1 - 2 165M
  South Carolina 1 680M 1 -
  Georgia - - 2 -
  Connecticut - - 2 12.1B
  Texas 1 31.0B - -
  Pennsylvania 1 - - -
  California 1 16M - -
United Kingdom 2 9.4B 1 -
India - - 2 632M
Canada - - 1 -
  Ontario - - 1 -
China - - 1 -
Costa Rica 1 1.5B - -
Germany - - 1 5.5B
Guatemala 1 - - -
Indonesia - - 1 690M
Japan - - 1 1.0B
Mexico 1 12.5B - -
South Korea 1 2.7B - -
Turkey 1 - - -
Domestic 9 (56%) 35.9B (58%) 11 (58%) 13.4B (63%)
Cross-border 7 (44%) 26.1B (42%) 8 (42%) 7.8B (37%)
Total 16 $62.0B 19 $21.3B

Top M&A Advisors

Financial Deals
Citi
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 2
Schwartz & Ballen
 1
Sidley
 1

Deal Values

buy # Total
> $1B 7 $60.0B
$100M to $1B 3 $2.0B
< $100M 1 $16M
TOTAL $62.0B
Largest Associates First Capital Corp.
$31.0B (2000-09-06)
sell # Total
> $1B 3 $18.3B
$100M to $1B 7 $3.0B
TOTAL $21.3B
Largest The Travelers Life and Annuity Co.
$11.8B (2005-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
31%
5 (31%)
Strategic(s)
19%
3 (19%)
Divested to
Investor(s)
11%
2 (11%)
Strategic(s)
84%
16 (84%)

Company Summary

SECTOR

Financial Services

Revenue

81,089   6% 2024
77,024   4% 2023
74,480   4% 2022
71,887   5% 2021
75,494   1% 2020
75,067   2% 2019
74,036   2% 2018
72,698   2017
(millions of USD) Show More Show Less

Employees

226,710

Established

1812

Public

NYSE: C

Former Name

Travelers Group

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