M&A Deal Summary

Lightyear Capital Acquires First National Bancorp.

On June 1, 2017, private equity firm Lightyear Capital acquired financial services company First National Bancorp.

Acquisition Highlights
  • This is Lightyear Capital’s 12th transaction in the Financial Services sector.
  • This is Lightyear Capital’s 21st transaction in the United States.
  • This is Lightyear Capital’s 1st transaction in Colorado.

M&A Deal Summary
Date 2017-06-01
Target First National Bancorp.
Sector Financial Services
Buyer(s) Lightyear Capital
Deal Type Consolidation

Target

First National Bancorp.

Denver, Colorado, United States
First National Bancorp. is a community bank created as a result of the merger of Strategic Growth Bank Inc. and Sunflower Financial, Inc. in June 2017. FirstSun Capital Bancorp services the American Midwest and Southwest.

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Buyer(S) 1

Buyer

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 26 of 44
Sector (Financial Services) 12 of 18
Type (Consolidation) 1 of 1
State (Colorado) 1 of 1
Country (United States) 21 of 38
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Strategic Growth Bancorp

El Paso, Texas, United States

Strategic Growth Bancorp Inc. operates as a bank holding company, which through its subsidiaries offers banking products and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 eCommission

Austin, Texas, United States

eCommission is a provider of commission advance services to real estate professionals in the United States. eCommission was founded in 2001 and is based in Austin, Texas.

Buy -
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