Investment Summary |
|
|---|---|
| Date | 2000-01-01 |
| Target | American International Bank |
| Sector | Financial Services |
| Sellers(s) | Hovde Private Equity Advisors |
| Deal Type | Trade Sale - Public Company |
| Deal Value | 34M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| Size | Small |
| Type | Sector Focused |
Hovde Private Equity Advisors is the private equity investment arm of financial services firm, The Hovde Organization. Hovde Private Equity was created to invest in financial services companies, including banks, non-depository institutions, and other financial service providers. Hovde targets US based opportunities. Hovde Private Equity was formed in 1994 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Financial Services) | 4 of 8 |
| Type (Trade Sale - Public Company) | 3 of 6 |
| Country (United States) | 4 of 8 |
| Year (2000) | 2 of 3 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-01-01 |
North County Bancorp
Escondido, California, United States the Board of Governors of the Federal Reserve System and the California Department of Financial Institutions. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-02-01 |
Bank of Hollywood
Los Angeles, California, United States Beginning in 1996, Hovde Acquisition affiliates acquired shares of Bank of Hollywood and, in 1998, received change in control approval from the Federal Deposit Insurance Corporation, and the California Department of Financial Institutions, and entered into passivity commitments with the Board of Governors of the Federal Reserve System to acquire in excess of 9.9% of Hollywood's outstanding shares. Hollywood was sold in February 2000 to PBOC Holding Inc., resulting in a gross IRR of 33.4% on an investment of approximately $1.1 million. |
Sell | - |
