M&A Deal Summary |
|
|---|---|
| Date | 2007-01-16 |
| Target | Caribbean Financial Group |
| Sector | Financial Services |
| Buyer(s) | Irving Place Capital |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 49 |
| Sector (Financial Services) | 5 of 7 |
| Type (Divestiture) | 4 of 4 |
| Country (Puerto Rico) | 1 of 2 |
| Year (2007) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-03 |
Ironshore
Hamilton, Bermuda Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms. |
Buy | $1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-02 |
Alter Moneta
Longueuil, Quebec, Canada Alter Moneta was established in 1998 as a de novo asset-based equipment finance company with the backing of Caisse de depot et placement du Quebec. Alter Moneta provides collateralized lending, financing and leasing services to middle-market businesses in the trucking and warehousing, construction, manufacturing, and services industries. The Company lends against and finances a wide range of new and used revenue-producing, essential-use equipment including cranes, trailers, and trucks. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 264,513 |
| Revenue | 72.3B USD (2020) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 16 |
| Sector (Financial Services) | 2 of 7 |
| Type (Divestiture) | 2 of 15 |
| Country (Puerto Rico) | 2 of 3 |
| Year (2007) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-09 |
Placer Sierra Bancshares
Sacramento, California, United States Placer Sierra Bancshares is a Northern California-based bank holding company for Placer Sierra Bank, with assets of $2.6 billion and more than 650 employees serving consumers and small- and medium-sized businesses from 50 locations throughout California. The bank has 32 branches in eight counties of Northern California (Placer, Sacramento, El Dorado, Sierra, Nevada, Amador, San Joaquin and Calaveras) and 18 locations in Southern California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-01 |
Greater Bay Bancorp
East Palo Alto, California, United States Greater Bay Bancorp, a major regional banking firm, provides a full range of banking services. |
Buy | $1.5B |
