We regularly explore opportunities to acquire financial services companies and businesses. Generally, we do not make a public announcement about an acquisition opportunity until a definitive agreement has been signed. For information on additional contingent consideration related to acquisitions, which is considered to be a guarantee, see Note 14. Business combinations completed in 2012, 2011, and 2010 are presented below. At December 31, 2012, we had no pending business combinations. | | | | | | | | | | | | | (in millions) | | Date | | | Assets | | 2012 | | | | | | | EverKey Global Partners Limited / EverKey Global Management LLC / | | | | | | | EverKey Global Partners (GP), LLC / EverKey Global Focus (GP), LLC – Bahamas/New York, New York | January 1 | | $ | 7 | | Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, Connecticut | February 1 | | | 874 | | Energy Lending Business of BNP Paribas, SA – Houston, Texas | April 20 | | | 3,639 | | Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets and Liabilities | | | | | | | of Merlin Group Holdings, LLC – San Francisco, California/Toronto, Ontario | August 1 | | | 281 | | | | | | | | | | | $ | 4,801 | | 2011 | | | | | | | CP Equity, LLC – Denver, Colorado | July 1 | | $ | 389 | | Certain assets of Foreign Currency Exchange Corp – Orlando, Florida | August 1 | | | 46 | | LaCrosse Holdings, LLC – Minneapolis, Minnesota | November 30 | | | 116 | | Other (1) | Various | | | 37 | | | | | | | | | | | $ | 588 | | 2010 | | | | | | | Certain assets of GMAC Commercial Finance, LLC – New York, New York | April 30 | | $ | 430 | | Other (2) | Various | | | 40 | | | | | | | | | | | $ | 470 | | | | | | | | | | | | |
- Consists of seven acquisitions of insurance brokerage businesses.
- Consists of five acquisitions of insurance brokerage businesses.
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