M&A Deal Summary |
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Date | 2016-11-17 |
Target | Cascade Bancorp. |
Sector | Financial Services |
Buyer(s) | First Interstate Bank |
Sellers(s) |
Leonard Green & Partners
Lightyear Capital WL Ross |
Deal Type | Add-on Acquisition |
Deal Value | 589M USD |
Advisor(s) | Piper Jaffray Companies (Financial) Hunton & Williams LLP (Legal) |
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Category | Company |
---|---|
Founded | 1971 |
Sector | Financial Services |
Employees | 3,783 |
Revenue | 1.0B USD (2023) |
First Interstate Bank is a financial holding company offering a full range of internet, mobile, and other banking and financial services throughout Montana, Wyoming, and South Dakota. First Interstate Bank was founded in 1971 and is based in Billings, Montana.
DEAL STATS | # |
---|---|
Overall | 9 of 13 |
Sector (Financial Services) | 9 of 13 |
Type (Add-on Acquisition) | 9 of 12 |
State (Oregon) | 1 of 1 |
Country (United States) | 9 of 13 |
Year (2016) | 2 of 2 |
Size (of disclosed) | 2 of 8 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-04-06 |
Flathead Bank of Bigfork
Bigfork, Montana, United States Flathead Bank of Bigfork is a provider of financial services. |
Buy | $34M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-03-08 |
Citizens Bancshares
Ville Platte, Louisiana, United States Citizens Bancshares, Inc. is a provider of financial services in US. |
Sell | $46M |
Category | Private Equity Firm |
---|---|
Founded | 1989 |
PE ASSETS | 75.0B USD |
Size | Mega |
Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
DEAL STATS | # |
---|---|
Overall | 28 of 54 |
Sector (Financial Services) | 1 of 1 |
Type (Add-on Acquisition) | 7 of 11 |
State (Oregon) | 1 of 1 |
Country (United States) | 27 of 51 |
Year (2016) | 3 of 3 |
Size (of disclosed) | 9 of 13 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-08-25 |
Signet Jewelers
Hamilton, Bermuda Signet Jewelers is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. Signet Jewelers is based in Hamilton, Bermuda. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-12-20 |
WellSky
Overland Park, Kansas, United States WellSky is a supplier of software as a service (SaaS) and other software platforms for healthcare and human services providers and payers across acute, non-acute, and community-based sites of care. WellSky was founded in 1980 and is based in Overland Park, Kansas. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 2000 |
PE ASSETS | 4.1B USD |
Size | Large |
Type | Sector Focused |
Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 20 of 30 |
Sector (Financial Services) | 8 of 13 |
Type (Add-on Acquisition) | 9 of 12 |
State (Oregon) | 1 of 1 |
Country (United States) | 16 of 24 |
Year (2016) | 4 of 4 |
Size (of disclosed) | 6 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-07-21 |
Yadkin Financial
Raleigh, North Carolina, United States Yadkin Financial Corporation is the holding company for Yadkin Bank, a full-service statechartered community bank providing services in 100 branches across North Carolina and upstate South Carolina. Serving approximately 130,000 customers, Yadkin has assets of $7.5 billion. Yadkin Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses across the Carolinas. Yadkin Bank provides mortgagelending services through its mortgage division, Yadkin Mortgage, headquartered in Winston-Salem, NC. |
Sell | $1.4B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-06-01 |
Strategic Growth Bancorp
El Paso, Texas, United States Strategic Growth Bancorp Inc. operates as a bank holding company, which through its subsidiaries offers banking products and services. |
Sell | - |
Category | Private Equity Firm |
---|---|
Founded | 2000 |
PE ASSETS | 11.9B USD |
Size | Mega |
Type | Sector Agnostic |
WL Ross is a mega-sized alternative group focused on turnaround investments. WL Ross looks to invest in and restructure financially distressed companies and create new enterprises. The Firm will consider opportunities throughout the world, including North America, Asia, South America, Western Europe, and Central Asia. WL Ross typically targets businesses operating in traditional industries, including the steel, textile, coal, automotive, and financial services sectors. In 2006 asset manager Amvescap (now Invesco) purchased WL Ross from its founder. WL Ross was originally formed in 2000 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 3 of 4 |
Sector (Financial Services) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
State (Oregon) | 1 of 1 |
Country (United States) | 2 of 3 |
Year (2016) | 2 of 2 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-05-20 |
VTG
Hamburg, Germany VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-06-06 |
IntelliFlo
Kingston, United Kingdom IntelliFlo provides a comprehensive front-to-back office technology platform for financial advisers and their support teams. The business currently supports 19,000 investment professionals who manage in excess of £300bn of assets on behalf of more than 10.5 million end clients. Intelliflo sells to approximately 2,000 firms, including Legal & General, Nationwide Building Society and SimplyBiz. IntelliFlo was founded in 2004 and is based in Kingston, London. |
Buy | - |