Investment Summary

BankCap Partners and First Bancshares Exits Xenith Bankshares

On January 15, 2010, invested in financial services company Xenith Bankshares from BankCap Partners and First Bancshares

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Virginia.
Investment Fate
  • Xenith Bankshares merged with another company in 2016 for 107M USD.
  • Xenith Bankshares was divested to a consortium of strategic buyers in 2017.

Investment Summary

Date 2010-01-15
Target Xenith Bankshares
Sector Financial Services
Sellers(s) BankCap Partners
First Bancshares
Deal Type IPO

Target

Xenith Bankshares

Richmond, Virginia, United States
Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia.

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Seller(S) 2

SELLER

BankCap Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Middle-Market
Type Sector Focused
DESCRIPTION

BankCap Partners is a private equity firm that targets investments in the commercial banking sector. BankCap looks to form and fund mid-sized banks focused on serving middle-market businesses. BankCap will partner with experienced management teams in completing transactions and seeks to initially commit between $5 and $40 million per investment. In addition to funding banks, BankCap will also consider investments in the broader financial services sector. BankCap Partners was formed in 2005 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 4
Sector: Financial Services M&A 1 of 4
Type: IPO M&A Deals 1 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-13 Xenith Bankshares

Richmond, Virginia, United States

Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 TriState Capital Bank

Pittsburgh, Pennsylvania, United States

TriState Capital Bank is a commercial bank dedicated to providing customized banking solutions for middle-market businesses, professionals. TriState Capital Bank was founded in 2006 and is based in Pittsburgh, Pennsylvania.

Sell -
SELLER

First Bancshares

Mountain Grove, Montana, United States

Category Company
Founded 1993
Sector Financial Services
Revenue 7M USD (2011)
DESCRIPTION

First Bancshares, Inc. operates as a unitary savings and loan holding company for First Home Savings Bank that provides various banking and mortgage services to individual and corporate customers in Southern Missouri.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-13 Xenith Bankshares

Richmond, Virginia, United States

Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia.

Buy -