Investment Summary

Exits Populus Financial Group

On August 1, 1997, invested in financial services company Populus Financial Group from CIC Partners

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • Populus Financial Group was sold to a financial buyer in 2003.
  • Populus Financial Group was sold to a financial buyer in 2006 for 455M USD.

Investment Summary
Date 1997-08-01
Target Populus Financial Group
Sector Financial Services
Sellers(s) CIC Partners
Deal Type IPO

Target

Populus Financial Group

Irving, Texas, United States
website
Populus Financial Group is a retailer of financial services, including check cashing, short-term consumer loans and bill payment services, and the largest owner, operator, and franchisor of check cashing stores in the United States. Populus Financial Group was formed in 1968 and is based in Irving, Texas.

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Seller(S) 1

SELLER

CIC Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 29
Sector (Financial Services) 1 of 2
Type (IPO) 1 of 3
State (Texas) 4 of 14
Country (United States) 4 of 28
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Texas Capital BancShares

Dallas, Texas, United States

Texas Capital BancShares, Inc. is a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Texas Capital BancShares was founded in 1996 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 RH

Corte Madera, California, United States

RH is a retailer of home furnishings, bath fixtures and bathware, functional and decorative hardware, gifts and related merchandise. RH was founded in 2011 and is based in Corte Madera, California.

Sell -
Mergr

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