M&A Deal Summary

Concentric Equity Partners and Prairie Capital Acquire Cole Taylor Bank

On October 1, 2008, private equity firms Concentric Equity Partners and Prairie Capital acquired financial services company Cole Taylor Bank

Acquisition Highlights
  • This is Concentric Equity Partners’ 3rd and Prairie Capital’s 2nd transaction in the Financial Services sector.
  • This is Concentric Equity Partners’ 6th and Prairie Capital’s 39th transaction in the United States.
  • This is Concentric Equity Partners’ 1st and Prairie Capital’s 7th transaction in Illinois.
Investment Fate
  • Cole Taylor Bank merged with another company in 2014 for 640M USD.

M&A Deal Summary
Date 2008-10-01
Target Cole Taylor Bank
Sector Financial Services
Buyer(s) Concentric Equity Partners
Prairie Capital
Deal Type Recapitalization

Target

Cole Taylor Bank

Chicago, Illinois, United States
Cole Taylor Bank, Inc., a commercial bank operating in the Chicago metropolitan area. Headquartered in Rosemont, IL, Cole Taylor Bank operates nine banking centers throughout Chicago and has over $4 billion in assets under management. The bank was founded in 1929 by members of the Taylor family and has served the Chicago metropolitan area for over 75 years. Cole Taylor’s mission is to be a premier bank for Chicago area businesses by utilizing a relationship oriented customer approach.

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Buyer(S) 2

Buyer

Concentric Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Concentric Equity Partners is a private equity firm that invests in profitable, growth-oriented middle-market companies. Concentric typically invests $10 to $30 million of capital per transaction, however, the Firm's historical investment range is $5 to $100 million. Areas of interest include business services, consumer services, financial services, and healthcare. Prospective transaction situations include management led buyouts, leveraged buyouts, and growth equity investments. Concentric will consider both majority and minority situations. Concentric is the direct investment arm of asset management firm, Financial Investments Corporation. Concentric Equity Partners was established in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 6 of 42
Sector (Financial Services) 3 of 3
Type (Recapitalization) 1 of 6
State (Illinois) 1 of 4
Country (United States) 6 of 40
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-18 Intra-Op Monitoring Services

Covington, Louisiana, United States

Intra-Op Monitoring Services is a clinical diagnostic services company offering highly specialized intra-operative neurophysiological monitoring capabilities. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia was founded in 2000 and is based in Covington, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Environmental Pest Service

Tampa, Florida, United States

Environmental Pest Service is a provider of pest control and lawn care maintenance services to residential and commercial customers. Environmental Pest Service is based in Tampa, Florida.

Buy -
Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 39 of 78
Sector (Financial Services) 2 of 2
Type (Recapitalization) 4 of 25
State (Illinois) 7 of 11
Country (United States) 39 of 76
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 EB Brands

Yonkers, New York, United States

EB Brands is a designer and merchandiser of branded products for the handheld exercise, personal fitness monitoring, travel accessory, and gift markets. EB Brands was founded in 1980 and is based in Yonkers, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 FCA Packaging

Moline, Illinois, United States

FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois.

Buy -
Mergr

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