M&A Deal Summary

First Horizon Acquires Capital Bank Financial

On May 4, 2017, First Horizon acquired financial services company Capital Bank Financial for 2.2B USD

Acquisition Highlights
  • This is First Horizon’s 1st transaction in the Financial Services sector.
  • This is First Horizon’s largest (disclosed) transaction.
  • This is First Horizon’s 1st transaction in the United States.
  • This is First Horizon’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-05-04
Target Capital Bank Financial
Sector Financial Services
Buyer(s) First Horizon
Deal Type Merger
Deal Value 2.2B USD
Advisor(s) Sandler O'Neill + Partners
UBS Investment Bank (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Capital Bank Financial

Charlotte, North Carolina, United States
Capital Bank Financial Corp. is a provider of various commercial and consumer banking, and ancillary financial services.

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Buyer(S) 1

Buyer

First Horizon

Memphis, Tennessee, United States
Category Company
Founded 1864
Sector Financial Services
Revenue 3.1B USD (2021)
DESCRIPTION

First Horizon is a regional financial services company, dedicated to helping clients, communities, and associates unlock their full potential with capital and counsel. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon was founded in 1864 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Merger) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-08 First Horizon National - Nine Atlanta Branches

Memphis, Tennessee, United States

First Horizon National Corp. - Nine Atlanta Branches is a provider of financial services in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 IBERIABANK

Lafayette, Louisiana, United States

IBERIABANK Corp. is a financial holding company with 280 combined offices, including 188 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 23 title insurance offices in Arkansas and Louisiana, mortgage representatives in 57 locations in 10 states. IBERIABANK was founded in 1887 and is based in Lafayette, Louisiana.

Buy -
Mergr

Product

Company

Legal