M&A Deal Summary

Crestview Partners and Falfurrias Capital Partners Acquire Capital Bank Financial

On December 17, 2009, private equity firms Crestview Partners and Falfurrias Capital Partners acquired financial services company Capital Bank Financial for 900M USD

Acquisition Highlights
  • This is Crestview Partners’ 4th and Falfurrias Capital Partners’ 1st transaction in the Financial Services sector.
  • This is Crestview Partners’ 5th and Falfurrias Capital Partners’ largest (disclosed) transaction.
  • This is Crestview Partners’ 7th and Falfurrias Capital Partners’ 3rd transaction in the United States.
  • This is Crestview Partners’ 1st and Falfurrias Capital Partners’ 3rd transaction in North Carolina.
Investment Fate
  • Capital Bank Financial went public in 2012.
  • Capital Bank Financial merged with another company in 2017 for 2.2B USD.

M&A Deal Summary

Date 2009-12-17
Target Capital Bank Financial
Sector Financial Services
Buyer(s) Crestview Partners
Falfurrias Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 900M USD

Target

Capital Bank Financial

Charlotte, North Carolina, United States
website
Capital Bank Financial Corp. is a provider of various commercial and consumer banking, and ancillary financial services.

Search 192,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 11 of 55
Sector (Financial Services) 4 of 9
Type (Buyout (LBO, MBO, MBI)) 6 of 15
State (North Carolina) 1 of 1
Country (United States) 7 of 44
Year (2009) 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-05 Paris Re Holdings

Zug, Switzerland

Paris Re Holdings Ltd. is a property and casualty reinsurer with a global market presence.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Insight Communications

Belvidere, Illinois, United States

Insight Communications Company, Inc. is the ninth largest cable company in the United States, serving approximately 1.3 million basic video customers in the four contiguous Midwestern states of Illinois, Indiana, Kentucky and Ohio.

Buy -
Buyer

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 3 of 36
Sector (Financial Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 10
State (North Carolina) 3 of 9
Country (United States) 3 of 34
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-13 Bojangles

Charlotte, North Carolina, United States

Bojangles is a restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from its Southern recipes, including breakfast served All Day, Every Day. Bojangles was formed in 1977 and is headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Commercial Credit Group

Charlotte, North Carolina, United States

Commercial Credit Group (CCG) is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States.

Buy -