M&A Deal Summary

Hilltop Holdings Acquires SWS Group

On January 1, 2015, Hilltop Holdings acquired financial services company SWS Group from Oak Hill Capital

Acquisition Highlights
  • This is Hilltop Holdings’ 2nd transaction in the Financial Services sector.
  • This is Hilltop Holdings’ 2nd transaction in the United States.
  • This is Hilltop Holdings’ 2nd transaction in Texas.

M&A Deal Summary
Date 2015-01-01
Target SWS Group
Sector Financial Services
Buyer(s) Hilltop Holdings
Sellers(s) Oak Hill Capital
Deal Type Add-on Acquisition
Advisor(s) Davis Polk & Wardwell (Legal)

Target

SWS Group

Dallas, Texas, United States
SWS Group, Inc. is a Dallas-based company offering a broad range of investment and financial services through its subsidiaries.

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Buyer(S) 1

Buyer

Hilltop Holdings

Dallas, Texas, United States
Category Company
Founded 1998
Sector Financial Services
Employees3,780
Revenue 1.1B USD (2023)
DESCRIPTION

Hilltop Holdings is a financial holding company. Through its wholly-owned subsidiary, PlainsCapital Corporation, a regional commercial banking franchise, it has three operating subsidiaries: PlainsCapital Bank, PrimeLending, and First Southwest. Hilltop Holdings was founded in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 PlainsCapital

Dallas, Texas, United States

PlainsCapital Corporation is a provider of business and consumer banking services primarily in Texas. Company operates as the holding company for PlainsCapital Bank.

Buy $700M

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 36 of 55
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 17 of 23
State (Texas) 4 of 6
Country (United States) 29 of 46
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Avolon Holdings

Dublin, Ireland

Avolon Holdings Ltd. is a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon Holdings was formed in 2010 and is based in Dublin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 Mercer Advisors

Denver, Colorado, United States

Mercer Advisors is an independent RIA primarily services the mass-affluent and high-net-worth clients. Mercer attracts and retains clients by offering comprehensive wealth management solutions, including: financial planning, investment management, tax management, retirement income and benefits planning, and estate planning. Mercer Advisors was founded in 1985 and is based in Denver, Colorado.

Buy -
Mergr

Product

Company

Legal