M&A Deal Summary

Regions Financial Acquires Ascentium Capital

On April 1, 2020, Regions Financial acquired financial services company Ascentium Capital from Warburg Pincus

Acquisition Highlights
  • This is Regions Financial’s 4th transaction in the Financial Services sector.
  • This is Regions Financial’s 4th transaction in the United States.
  • This is Regions Financial’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-04-01
Target Ascentium Capital
Sector Financial Services
Buyer(s) Regions Financial
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Ascentium Capital

Kingwood, Texas, United States
Ascentium Capital LLC provides financing of essential-use equipment for small business customers through a technology-enabled model that delivers same-day credit decisions and funding. The company specializes in loan and lease products for IT and office machines, medical equipment, specialty vehicles, industrial equipment, and franchise assets. Ascentium Capital was formed in 2011 and is based in Kingwood, Texas.

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Buyer(S) 1

Buyer

Regions Financial

Birmingham, Alabama, United States
Category Company
Founded 1971
Sector Financial Services
Employees20,101
Revenue 7.6B USD (2023)
DESCRIPTION
Regions' headquarters in downtown Birmingham, Alabama.
Regions' headquarters in downtown Birmingham, Alabama.

Regions Financial is a full-service provider of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,000 ATMs. Regions Financial was founded in 1971 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 4 of 7
Sector (Financial Services) 4 of 6
Type (Add-on Acquisition) 4 of 5
State (Texas) 1 of 1
Country (United States) 4 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Highland Associates

Birmingham, Alabama, United States

Highland Associates, Inc. is an institutional investment firm that provides objective, research-driven investment counsel to not-for-profit healthcare entities and mission-based organizations. Highland Associates is led by credentialed advisors with a deep understanding of the industry. With $26 billion in client assets, the firm serves clients from offices in Birmingham, Alabama, and St. Louis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 EnerBank

Salt Lake City, Utah, United States

EnerBank is the largest specialized home improvement FDIC-insured bank in the country, providing home improvement loans through strategic business partners and independent home improvement contractors. EnerBank is based in Salt Lake City, Utah.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 195 of 251
Sector (Financial Services) 17 of 19
Type (Add-on Acquisition) 68 of 90
State (Texas) 17 of 25
Country (United States) 112 of 137
Year (2020) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Superlógica Tecnologias

Campinas, Brazil

Superlógica Tecnologias is a SaaS-based ERP software and integrated financial solutions provider mainly to residential condominium management companies in Brazil. Superlógica offers several digital banking solutions fully integrated into Superlógica’s SaaS ERP, providing clients with seamless integration between day-to-day operations and financial management. Superlógica Tecnologias was founded in 2001 and is based in Campinas, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Hygeia

Shanghai, China

Hygeia is a manufacturer of radiotherapy equipment and operator of radiotherapy treatment hospitals in China. The company engages in the research and development and manufacturing of the patented Gyro Rotating Cobalt 60 Stereotactic Radiotherapy System (“GyroKnife”), an advanced version of GammaKnife, a therapy commonly used in cancer treatment. Hygeia was founded in 2009 and is based in China.

Sell -
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