M&A Deal Summary

Corsair Capital Acquires Capstar Bank

On December 6, 2007, private equity firm Corsair Capital acquired financial services company Capstar Bank for 88M USD

Acquisition Highlights
  • This is Corsair Capital’s 5th transaction in the Financial Services sector.
  • This is Corsair Capital’s 6th largest (disclosed) transaction.
  • This is Corsair Capital’s 3rd transaction in the United States.
  • This is Corsair Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2007-12-06
Target Capstar Bank
Sector Financial Services
Buyer(s) Corsair Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 88M USD

Target

Capstar Bank

Nashville, Tennessee, United States
Capstar Bank operates as a state chartered bank that provides personal and business banking products and services. The company offers checking and savings accounts, money market accounts, certificates of deposit, debit card/ATM access, and Internet banking services.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
Size Large
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.

DEAL STATS #
Overall 8 of 26
Sector (Financial Services) 5 of 10
Type (Buyout (LBO, MBO, MBI)) 4 of 11
State (Tennessee) 1 of 1
Country (United States) 3 of 12
Year (2007) 2 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 SPARTA Insurance Holdings

Hartford, Connecticut, United States

SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs.

Buy $279M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-14 Kyobo

Seoul, South Korea

Kyobo develops and offers various life insurance products and services to individual and corporate customers in the Republic of Korea. Kyobo was founded in 1958 and is based in Seoul, South Korea.

Buy -
Mergr

Product

Company

Legal