Finkelstein Departs Citi's Consumer and Retail M&A Division
People | Mar 03, 2025 | EIN
David Finkelstein, leading Citigroup's consumer and retail M&A unit, is departing from his role, according to sources. Finkelstein, who joined Citi in 2018, has a significant history in investment banking, having worked at Bank of America and Salomon Brothers in previous years. During his tenure, he played crucial roles in several high-profile transactions, notably advising on Mars' $36 billion acquisition of Pringles maker Kellanova. Citi has recently ramped up its consumer and retail dealmaking by hiring top executives from competitors, aiming to enhance its advisory capacity for large transactions. The bank, which ranked fourth in deal advisory value in 2024, recently advised on PepsiCo's $1.2 billion acquisition of Siete Foods.
Sectors
- Investment Banking
- Consumer and Retail
Geography
- United States – The article is based in New York, where the key participant, David Finkelstein, is located, and it discusses transactions within the U.S. markets.
Industry
- Investment Banking – The article centers on M&A activities managed by Citigroup, a leading global investment bank.
- Consumer and Retail – Citi's M&A division discussed in the article focuses specifically on transactions within the consumer and retail sectors.
Financials
- $25 billion – The value of Kroger's unsuccessful takeover attempt of Albertsons.
- $36 billion – The acquisition value of Kellanova by Mars, advised by Citigroup.
- $1.2 billion – The acquisition price of Siete Foods by PepsiCo, advised by Citigroup.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| David Finkelstein | Head of Global Consumer and Retail M&A | People | A senior executive at Citigroup leading the consumer and retail M&A division. |
| Citigroup | Investment Bank | Companies | A global financial services corporation involved in major M&A advisory roles. |
| Bank of America | Previous Employer | Companies | David Finkelstein's previous place of employment. |
| Salomon Brothers | Former Investment Bank | Companies | Previous employer of David Finkelstein before its acquisition by Travelers Group. |
| Kroger | M&A Attempt | Companies | Involved in an attempted acquisition of Albertsons advised by Citigroup. |
| Mars | Client | Companies | Family-owned candy giant advised by Citi on a major acquisition. |
| Kellanova | Acquisition Target | Companies | Pringles maker acquired by Mars in a deal advised by Citigroup. |
| Siete Foods | Acquisition Target | Companies | Involved in a $1.2 billion acquisition by PepsiCo, advised by Citigroup. |
| Dealogic | Data Provider | Companies | Provided ranking data for Citi's advisory role in M&A deals. |