M&A Deal Summary

PacWest Bank Acquires CapitalSource

On April 8, 2014, PacWest Bank acquired financial services company CapitalSource for 2.3B USD

Acquisition Highlights
  • This is PacWest Bank’s 3rd transaction in the Financial Services sector.
  • This is PacWest Bank’s largest (disclosed) transaction.
  • This is PacWest Bank’s 3rd transaction in the United States.
  • This is PacWest Bank’s 1st transaction in Maryland.

M&A Deal Summary
Date 2014-04-08
Target CapitalSource
Sector Financial Services
Buyer(s) PacWest Bank
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Wachtell, Lipton, Rosen & Katz (Legal)

Target

CapitalSource

Chevy Chase, Maryland, United States
website
CapitalSource, Inc. is a commercial finance company specialized in to the healthcare, re-discount, finance, real estate, and corporate finance sectors. By combining a broad array of financial products, a large and permanent balance sheet, an execution-focused business model and a commitment to rigorous and thoughtful research and analysis, CapitalSource delivers unique and valuable financial solutions to small to mid-size businesses seeking to grow.

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Buyer(S) 1

Buyer

PacWest Bank

Beverly Hills, California, United States

website

Category Company
Founded 1999
Sector Financial Services
Employees2,400
Revenue 1.3B USD (2022)
DESCRIPTION

PacWest Bank is a provider of commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. PWB's branches are located throughout California. Pacific Western's divisions CapitalSource, First Community Financial and Pacific Western Equipment Finance, and its subsidiaries BFI Business Finance and Celtic Capital Corporation, deliver a full spectrum of financing solutions nationwide across many industries and property types. PacWest Bank was founded in 1999 and is based in Beverly Hills, California.

DEAL STATS #
Overall 3 of 5
Sector (Financial Services) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Maryland) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 First California Financial Group

Westlake Village, California, United States

First California Financial Group, Inc. is a provider of financial services.

Buy -
FOLLOWING DEAL
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.

Buy $815M
Mergr

Product

Company

Legal