M&A Deal Summary

Carpenter & Company Acquires Pacific Mercantile Bank

On April 1, 2012, private equity firm Carpenter & Company acquired financial services company Pacific Mercantile Bank

Acquisition Highlights
  • This is Carpenter & Company’s 3rd transaction in the Financial Services sector.
  • This is Carpenter & Company’s 3rd transaction in the United States.
  • This is Carpenter & Company’s 3rd transaction in California.
Investment Fate
  • Pacific Mercantile Bank was sold to a strategic buyer in 2021 for 235M USD.

M&A Deal Summary

Date 2012-04-01
Target Pacific Mercantile Bank
Sector Financial Services
Buyer(s) Carpenter & Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Pacific Mercantile Bank

Costa Mesa, California, United States
Pacific Mercantile Bank is a provider of banking products and services for individuals and organizations. Pacific Mercantile Bank was founded in 1999 and is based in Costa Mesa, California.

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Buyer(S) 1

Buyer

Carpenter & Company

Newport Beach, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Carpenter and Company is a private equity and financial advisory firm focused on the banking industry. Carpenter's private equity practice looks to make recapitalization and growth equity investments in banks with assets up to $5 billion. The Firm targets banks with strong management, well defined market strategies, and strong funding drawn from target markets. Carpenter was established in 1974 and is based in Irvine, California.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Bank of Manhattan

El Segundo, California, United States

The Bank of Manhattan is a $465 million community bank based in El Segundo, California, with a footprint that spans to the San Gabriel Valley. It specializes in commercial banking of small and mid-market businesses and mortgage banking throughout Los Angeles County.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Mission Community Bancorp.

San Luis Obispo, California, United States

Mission Community Bancorp. is a locally owned and operated community bank.

Sell $56M