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Home > Company Index > Financial Services > Commercial Lending > The CIT Group, Inc.

The CIT Group, Inc.
 PROFILE
The CIT Group, one of the world's top public commercial finance firms, serves businesses and individuals in more than 20 countries. The subsidiary of conglomerate Tyco International operates in five categories: equipment finance, vendor technology finance, commercial finance, structured finance, and consumer finance. CIT offers businesses revolving and term loans secured by accounts receivable, inventories, and fixed assets; it also offers domestic and international customized credit protection. For consumers, CIT offers home equity loans and financing for recreational vehicles and manufactured homes. Tyco bought the company to add a financial services unit to its many holdings.

 COMPETITION
Citigroup Inc. (C)
First Union Corporation (FTU)
General Electric Capital Corporation (dossier)

 DEALS
Deal: TriVergent Nets $187 Million in Funding
Date Announced: 02.24.00
Value of transaction (US $Mil): 185
Description: Communications provider gets $187 million in combined credit and equity funding.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6,160.40
1-Yr. Sales Growth: 111.2%
Employees: 7,355
Revenue per employee: $837,579.88

 KEY PEOPLE
• Albert R. Gamper
    CEO
• Joseph M. Leone
    CFO

 CONTACT INFO
1211 Avenue of the Americas
New York, NY 10036
US
Phone: 212-536-1390
Fax: 973-597-2045
Online: Web Site

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