M&A Deal Summary

Santander Bank N.A. Acquires Business Alliance Capital

On July 1, 2005, Santander Bank N.A. acquired financial services company Business Alliance Capital from Ropart Asset Management for 38M USD

Acquisition Highlights
  • This is Santander Bank N.A.’s 1st transaction in the Financial Services sector.
  • This is Santander Bank N.A.’s largest (disclosed) transaction.
  • This is Santander Bank N.A.’s 1st transaction in the United States.
  • This is Santander Bank N.A.’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2005-07-01
Target Business Alliance Capital
Sector Financial Services
Buyer(s) Santander Bank N.A.
Sellers(s) Ropart Asset Management
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Business Alliance Capital

Princeton, New Jersey, United States
BACC specializes in providing capital to manufacturers, distributors, and service providers who are unable to obtain sufficient traditional bank financing. Typical BACC clients have over $1.5 million of revenue and require credit facilities from $300,000 to $7.5 million. BACC structures revolving loans secured by accounts receivable and inventory. To complete the financing package and make available the required credit, BACC can provide term loans secured by machinery, equipment, and owner occupied real estate.

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Buyer(S) 1

Buyer

Santander Bank N.A.

Boston, Massachusetts, United States
Category Company
Founded 1902
Sector Financial Services
DESCRIPTION

Santander Bank, N.A., a financial institution, provides national chartered retail banking products and services for personal, business, and corporate customers in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Santander Bank N.A. - 14 Branches

Boston, Massachusetts, United States

Santander Bank, N.A. - 14 Branches located in central Pennsylvania. The branches are located in State College, Lock Haven, Williamsport, South Williamsport, Lewisburg, Danville, Montoursville, Beech Creek, Jersey Shore, Milton, Muncy and Renovo, Pennsylvania, and comprise approximately $525 million of deposits and $120 million of retail and business loans as of March 31, 2019.

Sell -

Seller(S) 1

SELLER

Ropart Asset Management

Greenwich, Connecticut, United States

Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Ropart Asset Management (RAM) is a private equity firm that provides both debt and equity capital to small and middle market companies. RAM segments its investment activity between platform investments, mezzanine situations, and growth capital financings. For platform investments, RAM requires control and targets generally targets businesses with recurring revenue ($10 to $150 million) and clear opportunities for value-added change. The Firm generally looks to invest $3 to $15 million in businesses valued up to $100 million. Areas of interest include business services, industrial services, direct marketing, software/technology, consumer products, value-added distributions, infrastructure/logistics, human capital, hobbies/crafts, franchisors, financial services and healthcare services. Ropart Asset Management was founded in 2001 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 2 of 16
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 15
State (New Jersey) 1 of 1
Country (United States) 2 of 16
Year (2005) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-04 QCL

Southampton, Pennsylvania, United States

QC Laboratories is a provider of independent laboratory testing services in the Eastern U.S. The company provides comprehensive testing and analytical services to over 4,000 customers in the environmental, food, dairy, and pharmaceutical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 DeerTech

Pleasantville, New York, United States

DeerTech is a service company that provides ‘Three Circles of Protection’ to protect plants, gardens, and landscaping from deer damage. The Company’s combination of patented ultra-sound, proprietary spraying program, and sprays is far superior to fencing or other methods. The Company currently provides service in the high deer population areas of New York, (Westchester and Long Island), Southern Connecticut, New Jersey, Eastern Pennsylvania, and Delaware.

Buy -
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