Synchrony Financial

Synchrony Financial

Synchrony Financial

Overview
Date Founded

2003

Headquarters

777 Long Ridge Road, Stamford, Connecticut, 06902, United States

Type of Company

Public

Employees (Worldwide)

16.5K

Industries

Consumer Finance
Private Equity & Venture Capital
Other Insurance Services
Accounting & Financial Services
Consumer Services
Retail & Commercial Banking

Company Description

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

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Executives & Employees

Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Executive Vice President & Chief Marketing Officer

Senior Vice President & Chief Technology Officer

Chief Risk Officer & Executive Vice President

Executive Vice President & Chief Information Officer

Senior Vice President, Chief Accounting Officer & Controller

Board of Directors

Former Vice Chairman & Head, Consumer & Small Business Banking at U.S. Bancorp

Chief Executive Officer at Synchrony Financial

Former Senator from Maine

Former Chief Marketing Officer at Girl Scouts of the USA

Vice Chairman at Brewster Academy

Former Chief Sales Officer at Sprint Communications, Inc.

Managing Director at Topaz Consulting LLC

Adjunct Assistant Professor in Organizational Behavior, Health Policy & Management at Harvard T. H. Chan School of Public Health

Former Chief Financial & Accounting Officer at Discover Financial Services

Chief Executive Officer at Erie SeaWolves

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Synchrony Financial
Owners & Shareholders
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GIC-IM's investment teams manage a broad-based portfolio of asset classes. A focus on intrinsic value and price discipline guides them as they structure and pursue investment opportunities across asset classes and the capital structure. The team decides how to implement the asset policy mix in terms of the various investment strategies, proportion of funds to be actively/passively managed, allocation of risk capital and the selection of managers. The firm's portfolio managers then construct portfolios based on considerations of currency management, country selection, industry/sector allocation, yield curve management and security selection. GIC-IM's Board of Directors sets the policy asset mix and decides on a policy portfolio which specifies the allocation of funds to eligible asset classes. Investment decisions are based on analysis of fundamentals in line with long-term sustainable performance.

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AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

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APG follows a highly diversified approach to asset allocation and invest across a range of asset classes and regions. The firm applies a multi-alpha strategy to spread risk and seek high returns. Their internally-managed fund range includes Commodities, Developed Markets Equity, Developed Markets Equity Minimum Volatility, Emerging Markets Equity, Emerging Markets Debt, Europlus Treasuries, Hedge fund, Fixed Income Credits, Index Linked Bonds, Infrastructure, Long Duration Treasuries, Private Equity, Strategic Real Estate and Tactical Real Estate funds. Their research and documentation team initiates, formulates and evaluates active investment strategies and develops quantitative investment models used to determine the effectiveness of investment decisions. The team also acts as an advisory body for the Board and fund managers with respect to investment decisions.

Recent Transactions
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Deluxe Corp. purchases Retail Finance International Holdings, Inc. from Synchrony Financial

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Synchrony Financial purchases Pets Best Insurance Services LLC

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Synchrony Financial purchases Loop Commerce, Inc. from Novel TMT Ventures Ltd, Primera Capital LLC, Group 11 LLC, Wicklow Capital, Inc.

Transaction Clients
Lender

Advised on Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. purchase Samsung Pay, Inc. from Walnut Venture Associates, DVK LLC

Insider Transactions
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Transaction Advisors
Underwriter

Advised onSynchrony Financial issued USD Common Stock

Underwriter

Advised onSynchrony Financial issued USD Common Stock

Legal Advisor

Advised onSynchrony Financial purchases Pets Best Insurance Services LLC

Associate

Advised onSynchrony Financial issued USD Common Stock

Associate

Advised onSynchrony Financial issued USD Common Stock

Associate

Advised onSynchrony Financial issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Advisor

Former Executive Vice President, Chief Executive Officer of Payment Solutions & Chief Commercial Officer at Synchrony Financial

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Stein Mart, Inc. is a fashion retailer offering a distinctive assortment of brand name and designer apparel, accessories and shoes for women and men and home fashions – all at savings of up to 60 percent off department store prices every day. Our customers look to Stein Mart for current-season styles, brands, quality and value presented in an upscale, department store environment. We create a shopping experience that is more attractive than other off-price retailers by focusing on ease-of-shopping, service and presentation of merchandise by category, brand, style and size. Our stores are in convenient, off-mall locations and our typical store is approximately 35,000 square feet. We believe our fashion assortment and value, coupled with our shopping experience and convenience differentiates Stein Mart from other fashion retailers and allows us to attract loyal customers. We operate over 260 Stein Mart stores in 29 states from Florida to California.

Conn's, Inc. is a holding company, which engages in the retail and provision of consumer goods and related services. It also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. The firm operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.

Key Stats and Financials As of 2019
Market Capitalization
$10.3B
Total Enterprise Value
$32.7B
Earnings Per Share
$5.56
Revenue
$15.6B
Enterprise Value Sales
2.1x
Total Debt
$19.9B
Total Equity
$15.1B
Net Profit
$3.75B
Enterprise Value EBITDAOperating
3.24x
EBITDAMargin
64.69%
EBITDA
$10.1B
TEVNet Income
8.73x
Debt TEV
0.61x
Three Year Compounded Annual Growth Rate Of Revenue
8.49%
Five Year Compounded Annual Growth Rate Of Revenue
4.16%
Non-Profit Donations & Grants
Investments
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Glass Health, Inc. operates as a software company. Its Patch platform enables users to manage and claim filing for out-of network benefits. The company was founded by Brett Plotzker and Jeremy Bluvol and is headquartered in San Francisco, CA.

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Flexengage, Inc. provides digital receipts software solutions. Its platform allows businesses to track and monitor shopping trends, spending habits, and integrates social media with sales drive. The company was founded by Jay Patel and Tomas Diaz on May 10, 2012 and is headquartered in Windermere, FL.

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Fundbox, Inc. provides financial support services to small businesses. The firm offers small business owners the opportunity to fix their cash flow by transferring the amount of outstanding invoices to their bank accounts. It serves freelancers, contractors, vendors, service providers, accountants, and other business owners in the United States. The company was founded by Eyal Shinar, Yuval Ariav, and Tomer Michaeli in 2012 and is headquartered in San Francisco, CA.

Investors
Details Hidden

President & Director at Novel Investments Limited

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Founding Partner at Group 11 LLC

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Advisor at Age of Learning, Inc.

Suppliers
Walmart, Inc. Retail: Other | Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Lowe's Companies, Inc. IT Consulting & Services | Mooresville, NC

Lowe's Cos., Inc. engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.

Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

MasterCard, Inc. Retail & Commercial Banking - Purchase, New York

MasterCard is a technology company and payments industry leader. For more than four decades, we have been a driving force at the heart of commerce, making the global economy safer, more efficient, more inclusive and more transparent for all. Consumers, merchants, business partners and governments in markets around the world have reaped the benefits of our innovative products and solutions which, simply put, are designed to make life easier

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