Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

CIT Group Sells Edgeview Investment Bank Unit Back to Employees

CIT Group Inc., the commercial lender led by John A. Thain that’s divesting units after last year’s bankruptcy, sold the Edgeview Partners investment bank back to its employees.

Edgeview had about 30 bankers advising on the sale of mid-sized companies in private equity deals across industries, Tim Whitmire, director of business development, said in an interview today. CIT acquired Charlotte, North Carolina-based Edgeview in July 2007 to expand beyond middle-market business lending and factoring of trade receivables.

“Our decision to divest Edgeview supports our ongoing efforts to streamline the cost structure of our corporate finance business,” said Curt Ritter, a spokesman for New York- based CIT. While CIT will no longer have a staff of banking generalists, its industry specialists will “continue to provide financial sponsors and middle-market companies a broad range of financial products and advisory services,” Ritter said.

Thain, the former leader of Merrill Lynch & Co., was hired Feb. 7 as CIT’s chief executive officer after the company emerged from bankruptcy.

The Edgeview sale was reported earlier by, a forum for the private equity industry.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.