M&A Deal Summary |
|
|---|---|
| Date | 2017-01-26 |
| Target | Centrue Financial |
| Sector | Financial Services |
| Buyer(s) | Midland States Bank |
| Sellers(s) | Capital Z Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 175M USD |
| Advisor(s) | Sandler O'Neill + Partners (Financial) Howard & Howard Attorneys (Legal) |
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| Category | Company |
|---|---|
| Founded | 1881 |
| Sector | Financial Services |
| Employees | 878 |
| Revenue | 298M USD (2023) |
Midland States Bancorp. is a provider of commercial and consumer banking products and services, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, commercial equipment leasing services are provided through Heartland Business Credit, and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland's non-bank subsidiaries. Midland has more than 80 locations across the United States. Midland States was founded in 1881 and is based in Effingham, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Financial Services) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2017) | 1 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-16 |
Alpine Bancorporation
Belvidere, Illinois, United States Alpine Bancorporation, Inc. is a regional full-service community bank offering commercial, retail, mortgage banking and wealth management services. Alpine has 19 locations in northern Illinois and has the leading deposit market share ranking in the Rockford, IL MSA. |
Buy | $181M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Capital Z Partners is a private equity firm focused on the financial services sector. The Firm targets companies in the US, Bermuda, and the UK and looks to commit $25 to $100 million as a primary or co-investor partner. Specific areas of interest include insurance (property, life, health, reinsurance, and specialty markets), services (insurance distribution, claims management, asset servicing, and outsourced service providers), specialty finance (commercial finance, consumer finance, banks, and leasing), and securities (fund management, broker-dealers, and wealth management). Capital Z Partners was established in 1990 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector (Financial Services) | 4 of 4 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 5 of 6 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-17 |
Universal American
White Plains, New York, United States Universal American is a provider of health care products and services. |
Sell | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-03 |
Prestige Insurance Holdings
Carrickfergus, United Kingdom Prestige Insurance Holdings is the owner of Northern Ireland’s insurance broker Abbey Insurance. Prestige Insurance is claimed to be the largest insurance broker and managing general agent (MGA) in Northern Ireland. Prestige Insurance Holdings was founded in 1973 and is based in Carrickfergus, United Kingdom. |
Buy | - |
