M&A Deal Summary

BayBoston Managers Acquires Nave Holdings

On August 1, 2023, private equity firm BayBoston Managers acquired financial services company Nave Holdings

Acquisition Highlights
  • This is BayBoston Managers’ 4th transaction in the Financial Services sector.
  • This is BayBoston Managers’ 2nd transaction in Puerto Rico.

M&A Deal Summary

Date 2023-08-01
Target Nave Holdings
Sector Financial Services
Buyer(s) BayBoston Managers
Deal Type Buyout (LBO, MBO, MBI)

Target

Nave Holdings

San Juan, Puerto Rico
Nave Holdings is a bank holding company of Nave Bank, a first digitally-focused bank. Nave Holdings is based in San Juan, Puerto Rico.

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Buyer(S) 1

DESCRIPTION

BayBoston Managers is a minority-owned private equity firm focused on providing capital and strategic advice to community banks and financial services companies. The Firm looks to invest $3 to $20 million per investment and will consider opportunities across the US. BayBoston Managers was formed in 2013 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Puerto Rico M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Radius Bancorp

Boston, Massachusetts, United States

Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts.

Sell $185M