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Line-of-Business Deals Announced in 2006

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Line-of-Business Deals Announced in 2006

Line-of-Business Deals Announced in 2006
Ranked by price at announcement
Published February 13, 2007
  Buyer Seller Announced Completed Price (millions)
FINANCIAL TECHNOLOGY
1 De Agostini SpA Milan GTECH Holdings Corp. West Greenwich, R.I. Jan. 10 Aug. 29, ’06 $4,621.80
2 De Agostini SpA Milan John H. Harland Co. Decatur, Ga. Dec. 19 pending 2,067.10
3 Intuit Inc. Mountain View, Calif. Digital Insight Corp. Calabasas, Calif. Nov. 29 pending 1,319.70
4 Cap Gemini SA Paris Kanbay International Inc. Rosemont, Ill. Oct. 26 pending 1,274.40
5 McKesson Corp. San Francisco Per-Se Technologies Inc. Alpharetta, Ga. Nov. 5 pending 1,247.30
6 GTCR Golder Rauner, LLC Chicago Automatic Data Processing Inc. Roseland, N.J. Feb. 8 April 13, ’06 975
7 One Equity Partners LLC New York NCO Group Inc. Horsham, Pa. 21-Jul Nov 15, ’06 916.1
8 VeriFone Holdings Inc. San Jose Lipman Electronic Engineering Ltd. Tel Aviv 10-Apr Nov 1, ’06 894.8
9 Investor group Open Solutions Inc. Glastonbury, Conn. Oct. 14 pending 851.7
10 Silver Lake Partners LP Menlo Park, Calif. Goldman Sachs Group Inc. New York Aug. 1 Sept. 29, ’06 793
11 Euronet Worldwide Inc. Leawood, Kan. RIA Envia Inc. Cerritos, Calif. Nov. 21 pending 510
12 Apollo Management LP New York SourceCorp Inc. Dallas 8-Mar July 12, ’06 475
FINANCIAL TECHNOLOGY ASSET
1 Dow Jones and Co. Inc. New York Reuters Group PLC London Oct. 17 Dec. 15, ’06 $185.00
2 Innovative Card Technologies Inc. Los Angeles Prosodie Group Boulogne-Billancourt, France 30-May June 28, ’06 19
3 Newport Group Securities Inc. Heathrow, Fla. Ceridian Corp. Minneapolis 25-Jul July 31, ’06 16
4 VeriFone Holdings Inc. San Jose Trintech Group PLC Dublin Aug. 14 Sept. 1, ’06 12.1
5 Morningstar Inc. Chicago Investor Force Inc. Wayne, Pa. 14-Jul Aug. 1, ’06 10
6 Bankrate Inc. North Palm Beach, Fla. East West Mortgage Co. Inc. McLean, Va. Aug. 2 Aug. 4, ’06 4.4
7 Newtek Business Services Inc. Garden City, N.Y. Midwest Transaction Group Lansing, Mich. 17-Apr April 17, ’06 2.5
8 Planet Group Inc. Long Beach, N.Y. TransWorld Payment Solutions Ltd. Hamilton, Bermuda Nov. 2 Nov. 2, ’06 0.8
9 Pipeline Data Inc. Quincy, Mass. Undisclosed seller 11-Jul July 11, ’06 0.5
10 United Medicorp Inc. Pampa, Tex. Incipient Healthcare Solutions Arlington, Tex. Aug. 1 pending 0.2
11 JPMorgan Chase & Co. New York Paloma Partners LLC Greenwich, Conn. Feb. 13 March 1, ’06 NA
12 Fiserv Inc. Brookfield, Wis. Wolters Kluwer NV Amsterdam 3-Mar March 3, ’06 NA
INSURANCE BROKER
1 Aegon N.V. The Hague Clark Inc. North Barrington, Ill. Nov. 1 pending $262.20
2 Lockton Inc. Kansas City Alexander Forbes Ltd. Sandton Aug. 21 pending 169.7
3 Lockton Inc. Kansas City Alexander Forbes Ltd. Sandton Aug. 21 Nov. 9, ’06 161.8
4 Cigna Corp. Philadelphia HealthMarkets Inc. North Richland Hills, Tex. 16-Jun July 11, ’06 156
5 USI Holdings Corp. Briarcliff Manor, N.Y. Kibble and Prentice Holding Co. Seattle Oct. 18 Nov. 7, ’06 105.5
6 Hub International Ltd. Chicago Royal Bank of Scotland Group PLC Edinburgh 1-Mar April 1, ’06 104.8
7 Alliant Insurance Services Inc. Newport Beach, Calif. Jardine Lloyd Thompson Group PLC London Sept. 8 Oct. 17, ’06 100
8 UnitedHealth Group Inc. Minnetonka, Minn. HealthMarkets Inc. North Richland Hills, Tex. Oct. 20 Dec. 1, ’06 100
9 Old Republic International Corp. Chicago Aon Corp. Chicago Oct. 24 Nov. 30, ’06 85
10 Kinloch Holdings Inc. Genatt Associates Inc. New Hyde Park, N.Y. Sept. 29 Sept. 29, ’06 65
11 National Financial Partners Corp. New York Balser Cos. Atlanta Dec. 21 pending 52.8
12 Brown & Brown Inc. Daytona Beach, Fla. Fox Paine & Co. LLC Forest City, Calif. Sept. 30 Sept. 30, ’06 48
INSURANCE BROKER ASSET
1 Undisclosed buyer Anthony Clark International Insurance Brokers Ltd. Calgary, Alberta, Canada 29-Jun June 29, ’06 $1.30
2 Investor group Hub International Ltd. Chicago Jan. 4 Jan. 4, ’06 NA
3 Brooke Corp. Overland Park, Kan. InsWeb Corp. Gold River, Calif. 20-Apr April 28, ’06 NA
4 Hilb Rogal and Hobbs Co. Glen Allen, Va. Associated Wholesale Grocers Inc. Kan. 1-May May 1, ’06 NA
5 Hub International Ltd. Chicago Standard International Underwriters Ltd. Vancouver, British Columbia, Canada 1-Jul July 1, ’06 NA
6 Philadelphia Consolidated Holding Corp. Bala Cynwyd, Pa. Grundy Worldwide Horsham, Pa. 11-Jul July 11, ’06 NA
7 National Specialty Underwriters Inc. Bellevue, Wash. Adler-Downey of Arizona Inc. Phoenix Aug. 18 Aug. 18, ’06 NA
8 USI Holdings Corp. Briarcliff Manor, N.Y. Lennar Corp. Miami Aug. 18 Aug. 18, ’06 NA
9 Southpoint Group Inc. Bluffton, S.C. Commonwealth Insurance Group LLC North Charleston, S.C. Sept. 29 Sept. 29, ’06 NA
10 Commerce Bancorp Inc. Cherry Hill, N.J. ECBM Inc. West Conshohocken, Pa. Nov. 30 Nov. 30, ’06 NA
11 Rice Financial Group Inc. Winnipeg, Manitoba, Canada Sawyer & Sawyer Ltd. Victoria, British Columbia, Canada 20-Jul pending NA
12 Murray Risk Management and Insurance Lancaster, Pa. Sterling Financial Corp. Lancaster, Pa. Dec. 27 pending NA
INSURANCE COMPANY
1 Aviva PLC London AmerUs Group Co. Des Moines 12-Jul Nov. 15, ’06 $2,740.10
2 Protective Life Corp. Birmingham, Ala. JPMorgan Chase & Co. New York Feb. 7 July 2, ’06 893
3 Swiss Reinsurance Co. Zurich General Electric Co. Fairfield, Conn. Oct. 13 Dec. 14, ’06 862.8
4 QBE Insurance Group Ltd. Sydney Haftpflichtverband der Deutschen Industrie V.a.G. Dec. 12 pending 800
5 Onex Corp. Toronto Aon Corp. Chicago 30-Jun Nov. 30, ’06 710
6 Investor group Scottish Re Group Ltd. Hamilton, Bermuda Nov. 26 pending 600
7 Elara Holdings Inc. Direct General Corp. Nashville Dec. 4 pending 452.6
8 Berkshire Hathaway Inc. Omaha Applied Underwriters San Francisco Feb. 7 May 19, ’06 339.7
9 Psychiatric Solutions Inc. Franklin, Tenn. Horizon Health Corp. Lewisville, Tex. Dec. 20 pending 321
10 Arrowpoint Capital Delaware Royal and Sun Alliance Insurance Group PLC London Sept. 28 pending 299.9
11 Delek Group Ltd. Natanya (South), Israel Republic Cos. Group Inc. Dallas Aug. 4 Dec. 7, ’06 289.4
12 LandAmerica Financial Group Inc. Richmond, Va. Capital Title Group Inc. Scottsdale, Ariz. 28-Mar Sept. 8, ’06 253.3
INSURANCE COMPANY ASSET
1 Prudential Financial Inc. Newark, N.J. Allstate Corp. Northbrook, Ill. 8-Mar June 1, ’06 $580.50
2 American Enterprise Mutual Holding Co. Des Moines Great American Financial Resources Inc. Cincinnati 30-May Aug. 7, ’06 11
3 American Financial Group Inc. Cincinnati Old Standard Life Insurance Co. Boise, Idaho Jan. 17 Jan. 17, ’06 NA
4 Societe Generale Paris MetLife Inc. New York Jan. 26 Jan. 26, ’06 NA
5 Excellus Inc. Rochester, N.Y. Blue Cross and Blue Shield of Minnesota St. Paul 1-Apr April 1, ’06 NA
6 Fidelity National Financial Inc. Jacksonville, Fla. Poe Financial Group Tampa 23-Jun June 23, ’06 NA
7 Unity Life of Canada Mississauga, Ontario Prudential Financial Inc. Newark, N.J. 5-Jun Aug. 1, ’06 NA
8 Endurance Specialty Holdings Ltd. Pembroke, Bermuda Shackleton Re Ltd. Cayman Islands Aug. 1 Aug. 1, ’06 NA
9 Health Care Service Corp. Chicago Highmark Inc. Camp Hill, Pa. 20-Mar Aug. 17, ’06 NA
10 American International Group Inc. New York Arch Capital Group Ltd. Hamilton, Bermuda Sept. 1 Sept. 1, ’06 NA
11 Great Northwest Insurance Co. Boise, Idaho Vesta Insurance Group Inc. Birmingham, Ala. Sept. 20 Sept. 20, ’06 NA
12 MemberHealth Inc. Cleveland Independence Blue Cross Philadelphia Nov. 16 Nov. 16, ’06 NA
REAL ESTATE COMPANY
1 Blackstone Group LP New York Equity Office Properties Trust Chicago Nov. 19 pending $21,340.60
2 JV b/t Brookfield and Blackstone Trizec Properties Inc. Chicago 5-Jun Oct. 5, ’06 4,711.90
3 Crown Castle International Corp. Houston Global Signal Inc. Sarasota, Fla. Oct. 5 Jan. 12, ’07 3,982.40
4 SL Green Realty Corp. New York Reckson Associates Realty Corp. Melville, N.Y. Aug. 3 pending 3,720.30
5 Developers Diversified Realty Corp. Beachwood, Ohio Inland Retail Real Estate Trust Inc. Oak Brook, Ill. Oct. 20 pending 3,708.00
6 Health Care Property Investors Inc. Long Beach, Calif. CNL Retirement Properties Inc. Orlando 1-May Oct. 5, ’06 3,567.10
7 Public Storage Inc. Glendale, Calif. Shurgard Storage Centers Inc. Seattle 6-Mar Aug. 22, ’06 3,103.70
8 Blackstone Group LP New York CarrAmerica Realty Corp. Washington 6-Mar July 13, ’06 2,899.20
9 Kimco Realty Corp. New Hyde Park, N.Y. Pan Pacific Retail Properties Inc. Vista, Calif. 9-Jul Oct. 30, ’06 2,876.00
10 Brookfield Properties Corp. Toronto Trizec Canada Inc. Toronto 5-Jun Oct. 5, ’06 1,862.70
11 Centro Watt Plymouth Meeting, Pa. Heritage Property Investment Trust Inc. Boston 9-Jul Oct. 6, ’06 1,773.20
12 General Electric Co. Fairfield, Conn. Trustreet Properties Inc. Orlando Oct. 30 pending 1,515.60
ASSET MANAGER
1 BlackRock Inc. New York Merrill Lynch and Co. Inc. New York Feb. 15 Sept. 29, ’06 $9,487.40
2 Bank of New York Co. Inc. New York JPMorgan Chase & Co. New York 7-Apr Oct. 1, ’06 2,800.00
3 Principal Financial Group Inc. Des Moines Washington Mutual Inc. Seattle 25-Jul Dec. 31, ’06 740
4 Amvescap PLC London PowerShares Capital Management LLC Wheaton, Ill. Jan. 23 Sept. 18, ’06 730
5 Morgan Stanley New York FrontPoint Partners LLC Greenwich, Conn. Oct. 31 Dec. 1, ’06 400
6 Amvescap PLC London WL Ross and Co. LLC New York 23-Jul Oct. 3, ’06 375
7 Genworth Financial Inc. Richmond AssetMark Investment Services Inc. Pleasant Hill, Calif. 29-Jun Oct. 23, ’06 340
8 Federated Investors Inc. Pittsburgh Bank of America Corp. Charlotte 11-May July 14, ’06 240
9 Banco Itau Holdings Financeira SA Sao Paulo, Brazil Bank of America Corp. Charlotte Nov. 28 pending 155
10 Charles Schwab Corp. San Francisco Nationwide Financial Services Inc. Columbus, Ohio Dec. 22 pending 115
11 StanCorp Financial Group Inc. Portland, Ore. Invesmart Advisors Inc. Pittsburgh 25-Apr July 10, ’06 85
12 Boston Private Financial Holdings Inc. Anchor Holdings LLC Boston Feb. 27 June 1, ’06 73.3
TRUST COMPANY
1 Bank of New York Co. Inc. JPMorgan Chase & Co. New York 7-Apr Oct. 1, ’06 $2,800.00
2 Charles Schwab Corp. San Francisco Nationwide Financial Services Inc. Columbus, Ohio Dec. 22 pending 115
3 Community Banks Inc. Harrisburg, Pa. Omega Financial Corp. State College, Pa. 15-Jun Sept. 21, ’06 5.5
4 Chemung Financial Corp. Elmira, N.Y. Partners Trust Financial Group Inc. Utica, N.Y. Oct. 11 pending 5.2
5 National Investment Managers Inc. New York Lamco Group Inc. Jacksonville, Fla. Oct. 3 Oct. 3, ’06 4.7
6 Happy Bancshares Inc. Canyon, Tex. American Church Trust Co. Houston Aug. 1 pending 4
7 Canandaigua National Corp. N.Y. Financial Institutions Inc. Warsaw, N.Y. 28-Mar Sept. 29, ’06 1.1
8 Eastern Bank Corp. Boston First Ipswich Bancorp Mass. Aug. 24 pending 0.7
9 Regions Financial Corp. Birmingham, Ala. Encore Bancshares Inc. Houston 30-Jun June 30, ’06 NA
10 SLM Corp. Reston, Va. Upromise Inc. Needham, Mass. 1-Jun Aug. 23, ’06 NA
11 U.S. Bancorp Minneapolis SunTrust Banks Inc. Atlanta 24-Jul Sept. 29, ’06 NA
12 Royal Bank of Canada Toronto National Life Group Montpelier, Vt. Sept. 6 Oct. 3, ’06 NA
BROKER DEALERS
1 NYSE Euronext New York Euronext NV Amsterdam 1-Jun pending $9,769.20
2 Chicago Mercantile Exchange Holdings Inc. CBOT Holdings Inc. Chicago Oct. 17 pending 8,014.70
3 UBS AG Zurich Banco Pactual SA May 9 pending 2,500.00
4 IntercontinentalExchange Inc. Atlanta New York Board of Trade Sept. 14 Jan. 12, ’07 1,066.40
5 UBS AG Zurich Piper Jaffray Cos. Minneapolis 10-Apr Aug. 11, ’06 875
6 Fortis Bank SA/NV Brussels Duke Energy Corp. Charlotte 26-Jun Oct. 2, ’06 412.9
7 UBS AG Zurich ABN AMRO Holding NV Amsterdam 25-May pending 386
8 INVESTools Inc. Draper, Utah thinkorswim Inc. Chicago Sept. 18 pending 350.7
9 York Capital Management LLC London Bank Leumi le-Israel BM Tel Aviv Sept. 11 Sept. 11, ’06 292.3
10 UBS AG Zurich KeyCorp Cleveland Sept. 6 pending 280
11 Collins Stewart Tullett PLC London Chapdelaine Corporate Securities and Co. New York Oct. 27 Oct. 27, ’06 95
12 GFI Group Inc. New York Amerex Energy Sugar Land, Tex. Sept. 6 Oct. 1, ’06 86
CREDIT CARD COMPANY/PORTFOLIOS
1 JPMorgan Chase & Co. New York Kohl’s Corp. Menomonee Falls, Wis. 6-Mar April 21, ’06 $1,500.00
2 HSBC Holdings PLC London Boscov’s Department Stores LLC Reading, Pa. 1-Apr April 1, ’06 199
3 JPMorgan Chase & Co. New York Pier 1 Imports Inc. Fort Worth Aug. 30 pending 155
4 U.S. Bancorp Minneapolis Harleysville National Corp. Pa. 14-Apr April 14, ’06 16.7
5 Morgan Stanley New York Liverpool Victoria Friendly Society Ltd. Bournemouth, U.K. 15-May pending NA
6 U.S. Bancorp Minneapolis Tompkins Trustco Inc. Ithaca, N.Y. Oct. 24 pending NA
7 CU Bank Shares Inc. Dallas 5 credit unions Dec. 18 Dec. 18, ’06 NA
8 U.S. Bancorp Minneapolis Taunton Federal Credit Union Mass. Nov. 8 Nov. 8, ’06 NA
9 U.S. Bancorp Minneapolis Stewardship Financial Corp. Midland Park, N.J. Oct. 26 Oct. 31, ’06 NA
10 U.S. Bancorp Minneapolis Canadian Imperial Bank of Commerce Toronto Oct. 31 Oct. 31, ’06 NA
11 Fifth Third Bancorp Cincinnati Dallas Telco Federal Credit Union Oct. 1 Oct. 1, ’06 NA
12 U.S. Bancorp Minneapolis Texell Federal Credit Union Temple, Tex. Sept. 22 Sept. 22, ’06 NA
MORTGAGE BANK/MORTGAGE PORTFOLIO
1 Newcastle Investment Corp. New York Undisclosed seller March 1 March 1, ’06 $1,500.00
2 Alesco Financial Inc. Philadelphia Countrywide Financial Corp. Calabasas, Calif. Dec. 8 Dec. 8, ’06 904.7
3 Four independent acquirers Irwin Financial Corp. Columbus, Ind. Oct. 2 pending 261
4 Heritage Commerce Corp. San Jose Fremont Bancorp. Calif. 26-Jun June 26, ’06 10.3
5 Freedom Mortgage Corp. Mount Laurel, N.J. Horizon Bancorp Michigan City, Ind. 30-Jun July 31, ’06 1.60
6 Quadrant Real Estate Advisors LLC Alpharetta, Ga. General Motors Corp. Detroit Jan. 23 Jan. 23, ’06 NA
7 CapitalSource Inc. Chevy Chase, Md. Citigroup Inc. New York Feb. 3 Feb. 27, ’06 NA
8 CapitalSource Inc. Chevy Chase, Md. Bear Stearns Cos. Inc. New York Feb. 6 Feb. 28, ’06 NA
9 undisclosed buyer TCF Financial Corp. Wayzata, Minn. Jan. 31 March 31, ’06 NA
10 undisclosed buyer Mellon Financial Corp. Pittsburgh Jan. 31 March 31, ’06 NA
11 W Holding Co. Inc. Mayaguez, Puerto Rico Doral Financial Corp. San Juan, Puerto Rico 30-Jun June 30, ’06 NA
12 21st Century Mortgage Corp. Knoxville, Tenn. First Niagara Financial Group Inc. Lockport, N.Y. 21-Jul July 21, ’06 NA
SPECIALTY LENDER/ PORTFOLIO
1 Investor group Interpool Inc. Princeton, N.J. 14-Mar March 31, ’06 $515.00
2 Kohlberg Capital Corp. New York Katonah X CLO Ltd. Dec. 11 Dec. 15, ’06 185
3 Asta Funding Inc. Englewood Cliffs, N.J. Undisclosed Seller Sept. 11 Sept. 11, ’06 29
4 Undisclosed buyer MBT Financial Corp. Monroe, Mich. Sept. 28 Sept. 28, ’06 14
5 GATX Corp. Chicago SLM Corp. Reston, Va. 31-May July 25, ’06 6.8
6 Columbia Banking System Inc. Tacoma First National Auto Lease Co. Tacoma Jan. 13 Jan. 13, ’06 NA
7 Receivable Acquisition and Management Corp. New York undisclosed seller March 16 March 16, ’06 NA
8 American Education Services Harrisburg, Pa. Northwest Bancorp Inc. (MHC) Warren, Pa. 24-Mar March 24, ’06 NA
9 Nelnet Inc. Lincoln, Neb. Northwest Bancorp Inc. (MHC) Warren, Pa. 31-Mar March 31, ’06 NA
10 Receivable Acquisition and Management Corp. New York Undisclosed seller April 12 April 12, ’06 NA
11 Bank of Nova Scotia Toronto Ford Motor Co. Dearborn, Mich. 17-Apr April 17, ’06 NA
12 First Litchfield Financial Corp. Conn. Undisclosed seller 30-Jun June 30, ’06 NA
CHARTER
1 Beaver Bancorp Inc. Beaver, Okla. Docking Bancshares Inc. Arkansas City, Kan. 6-Mar June 30, ’06 $8.50
2 BOK Financial Corp. Tulsa, Okla. Kanbanc Inc. Kansas City, Mo. 30-Jun Nov. 6, ’06 1.8
3 FirstAtlantic Financial Holdings Inc. St. Augustine, Fla. Blue River Bancshares Inc. Shelbyville, Ind. Sept. 18 pending 1.7
4 Central Bancorp Inc. Garland, Tex. National Mercantile Bancorp Los Angeles Nov. 30 pending 1.4
5 Heritage Financial Group (MHC) Albany, Ga. Ameris Bancorp Moultrie, Ga. 14-Mar Aug. 8, ’06 1
6 First M and F Corp. Kosciusko, Miss. Ameris Bancorp Moultrie, Ga. 13-Jul Nov. 20, ’06 1
7 First National Bank Independence, Kan. Pinnacle Bancorp Inc. Central City, Neb. 27-Apr June 23, ’06 NA
8 First Horizon National Corp. Memphis Ark Valley Bankshares Inc. La Junta, Colo. 6-Apr June 30, ’06 NA
9 BancorpSouth Inc. Tupelo, Miss. Superior Bancorp Birmingham, Ala. 8-May Aug. 31, ’06 NA
10 Corn Belt Bancorp Inc. Pittsfield, Ill. Farmers and Merchants Bancorp Inc. Hannibal, Mo. Sept. 22 Sept. 22, ’06 NA
11 Equity Bancshares Inc. Andover, Kan. Buerge Bancshares Inc. Joplin, Mo. 7-Jul Oct. 14, ’06 NA
12 Central Financial Corp. Hutchinson, Kan. Bank of Freeburg Mo. Oct. 2 pending NA
M&A