Investment Summary

Exits Concord Wealth Management

On November 22, 2011, invested in financial services company Concord Wealth Management from Hovde Private Equity Advisors

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in New Jersey.

Investment Summary
Date 2011-11-22
Target Concord Wealth Management
Sector Financial Services
Sellers(s) Hovde Private Equity Advisors
Deal Type Trade Sale - Public Company

Target

Concord Wealth Management

Matawan, New Jersey, United States
website
Concord, which operates out of the Northeast as part of the outsourced asset management industry, provides comprehensive wealth management platforms to investment advisors (primarily bank wealth management and trust departments) that are moving away from proprietary account management to external professional management.

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Seller(S) 1

SELLER

Hovde Private Equity Advisors

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Focused
DESCRIPTION

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 8 of 8
Sector (Financial Services) 8 of 8
Type (Trade Sale - Public Company) 6 of 6
State (New Jersey) 1 of 1
Country (United States) 8 of 8
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Middlefield Banc Corp

Middlefield, Ohio, United States

Middlefield intends to use the capital to grow its franchise organically and through open-bank and FDIC-assisted transactions.

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