M&A Deal Summary

Boston Private Financial Holdings Acquires Borel Private Bank And Trust

On December 3, 2001, Boston Private Financial Holdings acquired financial services company Borel Private Bank And Trust for 113M USD

Acquisition Highlights
  • This is Boston Private Financial Holdings’ 1st transaction in the Financial Services sector.
  • This is Boston Private Financial Holdings’ 2nd largest (disclosed) transaction.
  • This is Boston Private Financial Holdings’ 1st transaction in the United States.
  • This is Boston Private Financial Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2001-12-03
Target Borel Private Bank And Trust
Sector Financial Services
Buyer(s) Boston Private Financial Holdings
Deal Type Add-on Acquisition
Deal Value 113M USD
Advisor(s) RBC Capital Markets (Financial)
Nixon Peabody (Legal)

Target

Borel Private Bank And Trust

San Mateo, California, United States
Borel Private Bank And Trust Co. is a banking services company

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Buyer(S) 1

Buyer

Boston Private Financial Holdings

Boston, Massachusetts, United States
Category Company
Founded 1987
Sector Financial Services
Employees779
Revenue 330M USD (2019)
DESCRIPTION

Boston Private Financial Holdings, Inc. is a wealth management company that offers a full range of wealth management services to high net worth individuals, families, businesses, and select institutions through its three functional segments: Private Banking, Investment Management, and Wealth Advisory. Boston Private Financial Holdings was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (California) 1 of 3
Country (United States) 1 of 4
Year (2001) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-17 First State Bancorp

California, United States

First State Bancorp is a financial service company. First State provides a full range of banking services.

Buy $27M
Mergr

Product

Company

Legal