Investment Summary

Palladium Equity Partners Invests In Herald National Bank N.A.

On November 19, 2008, private equity firm Palladium Equity Partners invested in financial services company Herald National Bank N.A.

Investment Highlights
  • This is Palladium Equity Partners’ 5th transaction in the Financial Services sector.
  • This is Palladium Equity Partners’ 24th transaction in the United States.
  • This is Palladium Equity Partners’ 3rd transaction in New York.

Investment Summary
Date 2008-11-19
Target Herald National Bank N.A.
Sector Financial Services
Investor(s) Palladium Equity Partners
Deal Type Stake Purchase

Target

Herald National Bank N.A.

New York, New York, United States
Herald National Bank (Formerly Heritage Bank N.A. (NYSE Alternext US: HNB)), member FDIC, is a relationship-based banking institution dedicated to serving the commercial and private banking needs of small to mid-size businesses and high net worth individuals in the New York metropolitan area. Herald National Bank began operations after setting a new capital record ($62 million) for an independent start-up bank in New York State.

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Investor(S) 1

Investor

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 24 of 52
Sector (Financial Services) 5 of 7
Type (Stake Purchase) 3 of 5
State (New York) 3 of 5
Country (United States) 24 of 51
Year (2008) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-04 Castro Cheese Co

Houston, Texas, United States

Castro Cheese Company is a manufacturer, marketer and distributor of queso fresco and other varieties of Hispanic cheeses and creams.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-16 Cannella Media

Burlington, Wisconsin, United States

Cannella Media is a provider of direct response television media in the United States. The company provides its marketing clients with access to media inventory across 1,100+ local broadcast stations, national and regional cable networks, and Cannella Media's proprietary network of PBM (commonly referred to as PI) media inventory. Cannella uses its proprietary software tools and databases to analyze and aggregate premium DRTV inventory for some of the biggest long-form campaigns in the industry. Cannella Media was founded in 1985 and is based in Burlington, Wisconsin.

Buy -
Mergr

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