M&A Deal Summary |
|
|---|---|
| Date | 2016-11-21 |
| Target | Carlile Bancshares |
| Sector | Financial Services |
| Buyer(s) | Independent Bank |
| Sellers(s) |
Castle Creek Capital
Stone Point Capital HarbourVest Partners Lee Equity Partners The Silverfern Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 434M USD |
| Advisor(s) | Sandler O'Neill + Partners LP (Financial) Fenimore, Kay, Harrison & Ford (Legal) |
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| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Financial Services |
| Employees | 1,547 |
| Revenue | 610M USD (2022) |
Independent Bank is a provider of wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank was founded in 2002 and is based in McKinney, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector (Financial Services) | 5 of 10 |
| Type (Add-on Acquisition) | 5 of 6 |
| State (Texas) | 5 of 6 |
| Country (United States) | 5 of 10 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-01 |
Houston City Bancshares
Houston,, Texas, United States Houston City Bancshares, Inc. is a provider of comercial and individual banking services and products. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-28 |
Integrity Bancshares
Camp Hill, Pennsylvania, United States Integrity Bank is a financial institution with over $860 million in total assets, and branch offices in Cumberland, Dauphin, York and Lancaster counties. Integrity Bancshares is based in Camp Hill, Pennsylvania. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1992 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 15 |
| Sector (Financial Services) | 9 of 15 |
| Type (Add-on Acquisition) | 3 of 7 |
| State (Texas) | 1 of 1 |
| Country (United States) | 9 of 15 |
| Year (2016) | 1 of 2 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-07 |
Square 1 Financial
Durham, North Carolina, United States Square 1 Bank specializes in providing financial services to entrepreneurs and venture capitalists. Company help growing companies and their investors navigate financial obstacles by providing access to funds and expertise. |
Sell | $815M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-13 |
Heritage Oaks Bancorp.
Paso Robles, California, United States Heritage Oaks Bancorp. is a holding company for Heritage Oaks Bank which provides personal and business banking solutions. With $2.0 billion in assets, Heritage Oaks Bancorp is headquartered in Paso Robles, California and is the holding company for Heritage Oaks Bank. Heritage Oaks Bank operates two branch offices each in Paso Robles and San Luis Obispo; single branch offices in Atascadero, Templeton, Cambria, Morro Bay, Arroyo Grande, Santa Maria, Goleta and Santa Barbara; as well as a single loan production office in Ventura/Oxnard. Heritage Oaks Bank conducts commercial banking business in San Luis Obispo, Santa Barbara, and Ventura counties. |
Sell | $406M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 48 |
| Sector (Financial Services) | 7 of 17 |
| Type (Add-on Acquisition) | 11 of 26 |
| State (Texas) | 2 of 4 |
| Country (United States) | 19 of 43 |
| Year (2016) | 3 of 3 |
| Size (of disclosed) | 12 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-06 |
C3/CustomerContactChannels
Plantation, Florida, United States C3/CustomerContactChannels, Inc. is a contact center provider for corporations who view outsourcing objectives as a strong component of their growth and brand development strategies. Led by a team of seasoned professionals with significant experience in key industries, C3 builds solid partnerships with its clients based on mutually determined business objectives. The firm’s services include traditional contact center solutions delivered across the globe, in addition to web communications and social networking monitoring. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-02 |
Auction.com
Irvine, California, United States Auction.com LLC is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 79 of 127 |
| Sector (Financial Services) | 5 of 6 |
| Type (Add-on Acquisition) | 29 of 55 |
| State (Texas) | 8 of 12 |
| Country (United States) | 51 of 81 |
| Year (2016) | 7 of 8 |
| Size (of disclosed) | 32 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-17 |
Premier Research
Morrisville, North Carolina, United States Premier Research is a clinical development service provider that helps highly innovative biotech and specialty pharma companies transform breakthrough ideas into reality. The company has a wealth of experience in the execution of global, regional, and local clinical development programs with a special focus on addressing unmet needs in areas such as neuroscience, oncology, pediatric, and rare disease. Premier Research operates in 84 countries and employs 1,000 professionals, including a strong international network of clinical monitors and project managers, regulatory, data management, statistical, scientific, and medical experts. They are focused on smart study design for advanced medicines that allow life-changing treatments. Premier Research was founded in 1989 and is based in Morrisville, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-23 |
Profi
Timisoara, Romania Profi is a supermarket chains in Romania, operating 65 stores in 47 Romanian cities. Profi is the modern retail network with the largest geographical expansion in Romania. Profi was founded in 2000 and is based in Timisoara, Romania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 15 |
| Sector (Financial Services) | 3 of 3 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (Texas) | 2 of 3 |
| Country (United States) | 8 of 14 |
| Year (2016) | 3 of 3 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-17 |
Universal American
White Plains, New York, United States Universal American is a provider of health care products and services. |
Sell | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-20 |
K-MAC Enterprises
Fayetteville, Arkansas, United States K-MAC is a YUM! franchisee, operating over 140 Taco Bell and KFC restaurants in Missouri, Oklahoma, and Texas. The company also operates golden corral restaurant franchises in Missouri. K-MAC Enterprises was founded in 1964 and is based in Fayetteville, Arkansas. |
Buy | - |
The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $25 to $150 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector (Financial Services) | 2 of 2 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Texas) | 1 of 2 |
| Country (United States) | 2 of 3 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-16 |
Waste Services Group
Melbourne, Australia Waste Services Group provides diversified waste collection services to the Australian commercial and industrial sectors, utilizing front-lift waste removal trucks to collect customer waste streams and providing national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements. Waste Services Group was founded in 2016 and is based in Melbourne, Australia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-20 |
Broad River Energy
Gaffney, South Carolina, United States Broad River Energy is an 850 MW dual-fuel, simple-cycle power generation facility located in Gaffney, South Carolina that is fully committed to Duke Energy Progress under two long-term tolling agreements. Broad River utilizes 5 GE 7FA.03 gas turbine generators for the generation of electrical power. The units can be on the grid and supplying power within 15 minutes to help serve peak and emergency loads. |
Buy | - |
