Top Line-of-Business Deals Announced in 2008

February 11, 2009, 10:08 a.m. EST 1 Min Read

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Top Line-of-Business Deals Announced in 2008Ranked by price at announcement Published February 11, 2009 (Jump to: Financial Technology, Financial Technology Asset, Insurance Broker, Insurance Broker Asset, Insurance Company, Insurance Asset, Real Estate Company, Asset Manager, Trust Services, Broker Dealers, Credit Card Company/Portfolios, Mortgage Bank/Mortgage Portfolio, Specialty Lender/Portfolio)
FINANCIAL TECHNOLOGY (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Hewlett-Packard Co. Palo Alto, Calif.	Electronic Data Systems Corp. Plano, Tex.	May 13	Aug. 26	$13,306.9
2	Reed Elsevier Group plc London	ChoicePoint Inc. Alpharetta, Ga.	Feb. 20	Sept 19	3,547.4
3	Investor group	TriZetto Group Inc. Newport Beach, Calif.	April 11	Aug. 4	1,365.1
4	QBE Insurance Group Ltd. Sydney	Stone Point Capital LLC Greenwich, Conn.	Nov. 26	pending	1,100.0
5	ING Groep NV Amsterdam	Citigroup Inc./State Street Corp. New York/Boston	May 2	July 1	893.1
FINANCIAL TECHNOLOGY ASSET (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	CoStar Group Inc. Bethesda, Md.	First CLS Inc Atlanta	April 1	April 1	$3.0
2	Fundtech Ltd. Ramat-Gan, Israel	TROY Group Inc. Costa Mesa, Calif.	Jan. 22	Jan. 22	1.6
3	PCT Software Data LLC	Payment Data Systems Inc. San Antonio	Jan. 11	Jan. 17	0.8
4	Card Activation Technologies Inc. Chicago	PayMed USA LLC	Aug. 13	pending	0.5
5	U.S. Bancorp Minneapolis	Stewardship Financial Corp. Midland Park, N.J.	Dec. 31	Dec. 31	0.5
INSURANCE BROKER (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Willis Group Holdings Ltd. London	Hilb Rogal & Hobbs Co. Glen Allen, Va.	June 7	Oct. 1	$1,706.9
2	Aon Corp. Chicago	Benfield Group Ltd. London	Aug. 22	Nov. 28	1,583.3
3	Assurant Inc. New York	Investor group	July 31	Oct. 1	250.0
4	Evercore Partners Inc. New York	Bollinger Inc. Short Hills, N.J.	March 31	March 31	250.0
5	QBE Insurance Group Ltd. Sydney	Deep South Holding LP Irving, Tex.	June 4	June 4	189.7
INSURANCE BROKER ASSET(return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Doral Financial Corp. San Juan, P.R.	Citigroup Inc. New York	Feb. 27	Feb. 27	$1.5
2	Brown & Brown Inc. Daytona Beach, Fla.	Franchise Insurance Agency Inc. Columbus Grove, Ohio	Feb. 22	Feb. 22	NA
3	Hub International Ltd. Chicago	United Benefit Consulting Inc. Smithtown, N.Y.	July 7	July 7	NA
4	Wells Fargo & Co. San Francisco	Martin Financial/ Insurance Services Santa Rosa, Calif.	Aug. 12	Aug. 12	NA
5	Wells Fargo & Co. San Francisco	Professional Benefits Associates LLC Greensboro, N.C.	Sept 9	Sept 9	NA
INSURANCE COMPANY (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Liberty Mutual Holding Co. Inc. Boston	Safeco Corp. Seattle	April 23	Sept 22	$6,225.0
2	Tokio Marine Holdings Inc. Chiyoda-ku, Japan	Philadelphia Consolidated Holding Corp. Bala Cynwyd, Pa.	July 22	Dec. 1	4,740.3
3	Nationwide Mutual Group Columbus, Ohio	Nationwide Financial Services Inc. Columbus, Ohio	Aug. 6	Jan. 2	2,470.7
4	UnitedHealth Group Inc. Minnetonka, Minn.	Three Rivers Holdings Inc. Pittsburgh	Jan. 8	May 30	930.0
5	QBE Insurance Group Ltd. Sydney	PMI Group Inc. Walnut Creek, Calif.	Aug. 14	Oct. 22	920.5
INSURANCE ASSET (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Undisclosed buyer	Independence Holding Co. Stamford, Conn.	Feb. 28	Feb. 28	$10.9
2	Centene Corp. St. Louis	AMERIGROUP Corp. Virginia Beach	Nov. 20	pending	NA
3	Darwin Professional Underwriters Inc. Farmington, Conn.	American Financial Group Inc. Cincinnati	Aug. 25	pending	NA
4	Independence Holding Co. Stamford, Conn.	Undisclosed seller	March 6	April 1	NA
5	NYMAGIC, INC. New York	Excel Underwriters Alliance Inc. West Berlin, N.J.	March 26	March 26	NA
REAL ESTATE COMPANY (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	American Campus Communities Inc. Austin	GMH Communities Trust Newtown Square, Pa.	Feb. 11	June 11	$397.1
2	Green Courte Partners LLC Lake Forest, Ill.	American Land Lease Inc. Clearwater, Fla.	Dec. 9	pending	126.8
ASSET MANAGER (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Blackstone Group LP New York	GSO Capital Partners LP New York	Jan. 10	March 3	$930.0
2	Investor group	AMR Corp. Fort Worth	April 16	Sept 15	480.0
3	Ameriprise Financial Inc. Minneapolis	J. & W. Seligman & Co. Inc. New York	July 7	Nov. 7	440.0
4	Mitsubishi UFJ Financial Group Inc. Tokyo	Citigroup Inc. New York	Dec. 16	pending	277.5
5	Aabar Investments PJSC Abu Dhabi, U.A.E.	American International Group Inc. New York	Dec. 1	pending	254.0
TRUST SERVICES (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Mitsubishi UFJ Financial Group Inc. Tokyo	Citigroup Inc. New York	Dec. 16	pending	$277.5
2	Wilmington Trust Corp. Wilmington, Del.	AST Capital Trust Co. Wilmington, Del.	Jan. 30	April 30	90.0
3	Bank of New York Mellon Corp. New York	Trust Co. Ltd. Sydney	April 28	June 13	36.6
4	Stifel Financial Corp. St. Louis	United Community Financial Corp. Youngstown, Ohio	Dec. 18	Dec. 31	12.0
5	Rodman & Renshaw Capital Group Inc. New York	Miller Mathis & Co. LLC New York	March 24	March 24	9.4
BROKER DEALERS (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Bank of America Corp. Charlotte	Merrill Lynch & Co. Inc. New York	Sept 14	Jan. 1	$47,138.3
2	CME Group Inc. Chicago	NYMEX Holdings Inc. New York	March 17	Aug. 22	9,467.1
3	JPMorgan Chase & Co. New York	Bear Stearns Companies Inc. New York	March 16	May 30	2,482.4
4	Depository Trust & Clearing Corp. New York	LCH.Clearnet Group Ltd. London	Oct. 22	pending	1,056.4
5	IntercontinentalExchange Inc. Atlanta	Creditex Group Inc. New York	June 3	Aug. 29	625.0
CREDIT CARD COMPANY/PORTFOLIOS (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	JPMorgan Chase & Co. New York	Target Corp. Minneapolis	May 5	May 19	$3,557.3
2	American Express Co. New York	General Electric Co. Fairfield, Conn.	March 27	March 28	1,100.0
3	eBay Inc. San Jose	Bill Me Later Inc. Omaha	Oct. 3	Nov. 7	945.0
4	Barclays PLC London	Discover Financial Services Riverwoods, Ill.	Feb. 7	March 31	70.0
5	Credito Emiliano SpA Reggio Emilia, Italy	Citigroup Inc. New York	Feb. 12	pending	64.1
MORTGAGE BANK/MORTGAGE PORTFOLIO (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal value
1	BlackRock Inc. New York	UBS AG Zurich	May 6	May 21	$15,000.0
2	Allianz SE Munich	Bank Hapoalim B.M. Tel Aviv	May 21	May 21	2,550.0
3	American International Group Inc. New York	Popular Inc. Hato Rey, P.R.	Jan. 17	Feb. 29	1,490.0
4	INVESCO Ltd. Atlanta	H&R Block Inc. Kansas City, Mo.	March 17	April 30	1,143.6
5	MetLife Inc. New York	First Horizon National Corp. Memphis	June 3	Aug. 31	383.0
SPECIALTY LENDER/PORTFOLIO (return to top)
Rank	Buyer	Seller	Announced	Completed	Deal Value
1	Lone Star Funds Dallas	Merrill Lynch & Co. Inc. New York	July 28	Sept 18	$6,700.0
2	Shinsei Bank Ltd. Tokyo	General Electric Co. Fairfield, Conn.	July 11	Sept 22	5,400.0
3	Lone Star Funds Dallas	CIT Group Inc. New York	June 30	July 8	1,500.0
4	Undisclosed buyer	Crystal River Capital Inc. New York	March 31	March 31	1,176.1
5	American Express Co. New York	General Electric Co. Fairfield, Conn.	March 27	March 28	1,100.0

Note: Excludes terminated deals.

Source:

SNL Financial

, Charlottesville, Va.