M&A Deal Summary

Pacific Premier Bank Acquires Opus Bank

On February 3, 2020, Pacific Premier Bank acquired financial services company Opus Bank for 1.0B USD

Acquisition Highlights
  • This is Pacific Premier Bank’s 10th transaction in the Financial Services sector.
  • This is Pacific Premier Bank’s largest (disclosed) transaction.
  • This is Pacific Premier Bank’s 11th transaction in the United States.
  • This is Pacific Premier Bank’s 8th transaction in California.

M&A Deal Summary
Date 2020-02-03
Target Opus Bank
Sector Financial Services
Buyer(s) Pacific Premier Bank
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Piper Sandler & Co. (Financial)
Sullivan & Cromwell (Legal)

Target

Opus Bank

Irvine, California, United States
Opus Bank offers a suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial, healthcare, media and entertainment, corporate finance, multifamily residential, commercial real estate and structured finance, and is an SBA preferred lender. Opus Bank was founded in 1982 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Pacific Premier Bank

Irvine, California, United States
Category Company
Founded 1983
Sector Financial Services
Employees1,345
Revenue 409M USD (2023)
DESCRIPTION

Pacific Premier Bank is a provider of financial services. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Pacific Premier Bank was founded in 1983 and is based in Irvine, California.

DEAL STATS #
Overall 11 of 12
Sector (Financial Services) 10 of 10
Type (Add-on Acquisition) 11 of 12
State (California) 8 of 8
Country (United States) 11 of 11
Year (2020) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Grandpoint Capital

Los Angeles,, California, United States

Grandpoint Capital, Inc. is a parent company of Grandpoint Bank, a full service commercial bank with assets of $3.2 billion focused on professionals, entrepreneurs, and privately held businesses. The Bank operates 14 banking offices in Southern California, Washington, and Arizona. Grandpoint Capital and Grandpoint Bank was founded in 2010 and is headquartered in Los Angeles, California.

Buy $629M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 ARDA AI

Auckland, New Zealand

Performance Lab is a coaching platform that pioneered the use of wearable sensors in the areas of exercise and training. The company is a developer of proprietary algorithms and software platforms for fitness and health applications. Performance Lab was formed in 1987 and is based in Auckland, New Zealand.

Buy -
Mergr

Product

Company

Legal