CIT Group sells home lending business to Lone Star Funds - MarketLine Financial Deals

CIT Group sells home lending business to Lone Star Funds

CIT Group sells home lending business to Lone Star Funds - MarketLine Financial Deals
CIT Group sells home lending business to Lone Star Funds
Published Jul 15, 2008
3 pages — Published Jul 15, 2008
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About This Report

  
Abstract:

CIT Group, Inc., a commercial and consumer finance company, has sold its home lending business which consists of $9,300 million in assets and related servicing operations, to private equity firm Lone Star Funds, for approximately $5,900 million.

  
Source:
Document ID
MA04931_090609
Country
Ticker
CIT=US
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "CIT Group sells home lending business to Lone Star Funds" Jul 15, 2008. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/CIT-Group-sells-home-lending-business-to-Lone-Star-Funds-2052-4733>
  
APA:
MarketLine Financial Deals. (2008). CIT Group sells home lending business to Lone Star Funds Jul 15, 2008. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/CIT-Group-sells-home-lending-business-to-Lone-Star-Funds-2052-4733>
  
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