Patriot Financial Partners Mergers and Acquisitions Summary

Private Equity Profile

Patriot Financial Partners’ most common sector for investment is financial services (100%). The Firm’s most common investment types include pipe (64%) and growth capital (19%). In total, Patriot Financial Partners has invested in 16 US states. Its largest (disclosed) acquisition occurred in 2010 when it acquired Heritage Commerce for $75M.

In the last 3 years, Patriot Financial Partners has exited 3 companies. The Firm’s most common exit type is trade sale (82%). Patriot Financial Partners’ largest (disclosed) exit occurred in 2015 when it sold Square 1 Financial for $815M.

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M&A Summary

  • M&A Total Activity33
    • M&A Buy Activity22
    • M&A Sell Activity11
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15
  • M&A Advisors 4

Patriot Financial Partners

Suite 210 100 Matsonford Rd,
Radnor, Pennsylvania 19087
United States
(215) 399-4650
www.patriotfp.com
info@patriotfp.com

Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks firms with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Philadelphia, Pennsylvania.


Investment Criteria

Sectors of Interest: Financial Services

Target Transaction Types: Growth Capital, Recapitalization, PIPE

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 15 35
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 22 - - - - - 22
vol $138M $138M
Sell (1.0/yr) # 6 2 - - 2 1 11
vol $1.6B $611M $185M $2.4B
  33

Most Recent M&A

Company Date Value Type
Radius Bancorp, Inc. 2020-02-18 185M USD Add-on Acquisition
Boston, Massachusetts · www.radiusbank.com
Bannockburn Global Forex LLC 2019-06-19 - Add-on Acquisition
Cincinnati, Ohio · www.bbgfx.com
Beneficial Bancorp, Inc. 2019-02-13 - Merger
Philadelphia, Pennsylvania · www.ir.thebeneficial.com
Heritage Oaks Bancorp. 2016-12-13 406M USD Add-on Acquisition
Paso Robles, California · www.heritageoaksbancorp.com
Cape Bancorp, Inc. 2016-05-02 206M USD Add-on Acquisition
Cape May Court House, New Jersey · www.capebankonline2.com
American Chartered Bancorp, Inc. 2015-11-23 449M USD Add-on Acquisition
Schaumburg, Illinois · www.americanchartered.com
Atlantic Capital Bancshares, Inc. 2015-11-02 - IPO
Atlanta, Georgia · www.atlanticcapitalbank.com
Square 1 Financial, Inc. 2015-10-07 815M USD Add-on Acquisition
Durham, North Carolina · www.square1financial.com
Radius Bancorp, Inc. 2015-10-07 63M USD Buyout (LBO, MBO, MBI)
Boston, Massachusetts · www.radiusbank.com
Florida Business BancGroup, Inc. 2015-06-17 - Add-on Acquisition
Tampa, Florida
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 9 (100%) 75M (100%) 22 (100%) 138M (100%)
Total 9 $75M 22 $138M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) 75M (100%) 22 (100%) 138M (100%)
  California 3 (33%) 75M (100%) 4 (18%) 75M (54%)
  New Jersey 1 (11%) - 2 (9%) -
  North Carolina - - 2 (9%) -
  Florida - - 2 (9%) -
  Virginia 1 (11%) - 1 (5%) -
  New York 1 (11%) - 1 (5%) -
  Michigan 1 (11%) - 1 (5%) -
  Maryland 1 (11%) - 1 (5%) -
  Kentucky 1 (11%) - 1 (5%) -
  Massachusetts - - 1 (5%) 63M (46%)
  South Carolina - - 1 (5%) -
  Pennsylvania - - 1 (5%) -
  Ohio - - 1 (5%) -
  Illinois - - 1 (5%) -
  Georgia - - 1 (5%) -
  Colorado - - 1 (5%) -
Total 9 $75M 22 $138M

Acquisitions by Deal Type

Type Current # Value All-time # Value
PIPE 8 (89%) 75M (100%) 14 (64%) 75M (54%)
Growth Capital - - 4 (18%) -
Buyout (LBO, MBO, MBI) - - 2 (9%) 63M (46%)
Recapitalization 1 (11%) - 2 (9%) -
Total 9 $75M 22 $138M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (73%) 2.1B (87%)
Trade Sale 1 (9%) 312M (13%)
IPO 1 (9%) -
Merger 1 (9%) -
Total 11 $2.4B

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
1
Blank Rome LLP
1
Luse Gorman, PC
1

Deal Values

buy # Total
< $100M 2 $138M
TOTAL $138M
Largest Heritage Commerce Corp.
$75M (2010-06-21)
sell # Total
$100M to $1B 6 $2.4B
TOTAL $2.4B
Largest Square 1 Financial, Inc.
$815M (2015-10-07)

M&A Connections

Deals %
Exited to
Strategic(s)
100%
10 100%

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