M&A Deal Summary |
|
|---|---|
| Date | 2017-09-01 |
| Target | Cadence Business Finance |
| Sector | Financial Services |
| Buyer(s) | State Bank Financial |
| Sellers(s) |
Pine Brook Partners
Stone Point Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 198M USD |
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| Category | Company |
|---|---|
| Founded | 2005 |
| Sector | Financial Services |
| Revenue | 179M USD (2015) |
State Bank Financial Corp. is a provider of financial services. State Bank Financial was founded in 2005 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Financial Services) | 11 of 11 |
| Type (Add-on Acquisition) | 6 of 6 |
| State (Texas) | 1 of 1 |
| Country (United States) | 13 of 13 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-19 |
S Bankshares
Glennville, Georgia, United States S Bankshares, Inc. is a provider of financial services it had total assets of approximately $109 million, total loans of approximately $79 million, total deposits of approximately $95 million, and total shareholder’s equity of approximately $11 million. |
Buy | $11M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 25 |
| Sector (Financial Services) | 3 of 8 |
| Type (Add-on Acquisition) | 5 of 11 |
| State (Texas) | 7 of 13 |
| Country (United States) | 8 of 19 |
| Year (2017) | 2 of 3 |
| Size (of disclosed) | 9 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-08 |
Narragansett Bay Insurance
Pawtucket, Rhode Island, United States Narragansett Bay Insurance Co. is an underwriter of homeowners insurance products and services. It offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard and actively seeks to insure coastal homeowners. Narragansett Bay Insurance was founded in 1848 and is based in Pawtucket, Rhode Island. |
Sell | $250M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-11 |
Forge Energy
San Antonio, Texas, United States Forge Energy is an oil and gas exploration and production company. Forge focuses on developing domestic onshore oil and gas resources, both conventional and unconventional. |
Sell | $946M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 48 |
| Sector (Financial Services) | 8 of 17 |
| Type (Add-on Acquisition) | 14 of 26 |
| State (Texas) | 3 of 4 |
| Country (United States) | 25 of 43 |
| Year (2017) | 6 of 9 |
| Size (of disclosed) | 15 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-07 |
SumRidge Partners
Jersey City, New Jersey, United States SumRidge Partners is a principal-based fixed income market maker, specializing in high yield and investment-grade corporate bonds, municipal bonds, institutional preferred securities, emerging market bonds, and non-agency mortgage-backed securities. SumRidge uses its own balance sheet to facilitate flow trading, ensuring instantaneous execution for its diverse client base. SumRidge also offers actionable fixed income trade ideas and trading desk commentary to a dynamic distribution platform of institutional, middle-market, and wealth management clients worldwide. SumRidge Partners was founded in 2010 and is based in Jersey City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-12 |
Lancaster Pollard
Columbus, Ohio, United States Lancaster Pollard is a commercial real estate mortgage and investment banking firm focused on the senior-living and healthcare sectors. Lancaster Pollard originates mortgage loans for senior living, community healthcare, and affordable housing properties. The Company underwrites and places debt with institutional buyers through its broker-dealer subsidiary and has established an investment management platform to invest in senior living properties. Lancaster Pollard is based in Columbus, Ohio. |
Sell | - |
