M&A Deal Summary

Renasant Acquires Brand Group Holdings

On March 28, 2018, Renasant acquired financial services company Brand Group Holdings from The Carlyle Group, The Stephens Group and JAM Capital Partners for 453M USD

Acquisition Highlights
  • This is Renasant’s 8th transaction in the Financial Services sector.
  • This is Renasant’s largest (disclosed) transaction.
  • This is Renasant’s 8th transaction in the United States.
  • This is Renasant’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2018-03-28
Target Brand Group Holdings
Sector Financial Services
Buyer(s) Renasant
Sellers(s) The Carlyle Group
The Stephens Group
JAM Capital Partners
Deal Type Add-on Acquisition
Deal Value 453M USD

Target

Brand Group Holdings

Lawrenceville, Georgia, United States
website
Brand Group Holdings Inc. is the $1.3 billion bank holding company for The Brand Banking Company, a full service bank serving the needs of individuals and businesses in Gwinnett County, Georgia and North Metro Atlanta. As of December 31, 2017, Brand had approximately $2.4 billion in total assets, approximately $1.9 billion in total loans (excluding mortgage loans held for sale) and approximately $1.9 billion in total deposits.

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Buyer(S) 1

Buyer

Renasant

Tupelo, Mississippi, United States

website

Category Company
Founded 1904
Sector Financial Services
Employees2,524
Revenue 662M USD (2020)
DESCRIPTION

Renasant is a provider of banking, mortgage, financial and insurance services. Renasant was founded in 1904 and is based in Tupelo, Mississippi.

DEAL STATS #
Overall 8 of 8
Sector (Financial Services) 8 of 8
Type (Add-on Acquisition) 2 of 2
State (Georgia) 3 of 3
Country (United States) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Metropolitan BancGroup

Memphis, Tennessee, United States

Metropolitan BancGroup, Inc. is a commercial and industrial bank that serves middle market businesses in the Southeaster US, operating five branches across Mississippi and Tennessee. The company’s services including lending and deposits, and other traditional financial services.

Buy $190M

Seller(S) 3

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 346 of 443
Sector (Financial Services) 24 of 30
Type (Add-on Acquisition) 150 of 184
State (Georgia) 8 of 9
Country (United States) 203 of 250
Year (2018) 7 of 15
Size (of disclosed) 59 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 Nouryon

Amsterdam, Netherlands

Nouryon is a specialty chemical provider markets worldwide rely on essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Nouryon is based in Amsterdam, Netherlands.

Buy €10.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-30 GSLS

Dublin, Ireland

GSLS provides a comprehensive cash logistics service, including cash in transit services, cash processing and the supply of notes and coins to an array of businesses. GSLS was founded in 2004 and is based in Dublin, Ireland.

Sell -
SELLER

The Stephens Group

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 1933
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.

DEAL STATS #
Overall 21 of 27
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (Georgia) 3 of 3
Country (United States) 18 of 24
Year (2018) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Continuum Energy Services

Houston, Texas, United States

Continuum Energy Services LLC is a diversified natural gas service provider with operations spanning the natural gas value chain throughout the Mid-continent and into Appalachia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Kodiak Gas

Montgomery, Texas, United States

Kodiak is the largest privately-owned contract compression company in the US. The company currently operates in the Permian, Eagle Ford, and Scoop/Stack basins with over 2.8 million in revenue-generating horsepower. Kodiak’s business model is built on compression and service contracts with fixed monthly fees and no volume-dependent components, bringing predictable and recurring revenues. Kodiak Gas was founded in 2011 and is based in Montgomery, Texas.

Sell -
SELLER

JAM Capital Partners

Investor Investor

website

Category Growth Capital Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

JAM Capital Partners is a growth equity investment firm focused on fast growing middle-market companies. The Firm primarily seeks opportunities where it can invest alongside management and typically seeks to commit $4 to $10 million per transaction. JAM Capital Partners was formed in 2010 and is headquartered in St. Simons Island, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 High Performance Product Engineering

Columbus, Georgia, United States

High Performance Product Engineering produces high-performance and cost-competitive biopolymer-based products for the oil and gas, mining, agriculture, and pharmaceutical industries. HPPE is one of the few biopolymer manufacturing companies that can manufacture biopolymer products on an industrial scale while maintaining a very precise range of product performance and quality control specifications. High Performance Product Engineering was founded in 2012 and is based in Columbus, Georgia.

Buy -
Mergr

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