M&A Deal Summary

Tailwind and Angelo Gordon s Private Equity Group Acquire Hamilton State Bancshares

On February 28, 2011, private equity firms Tailwind and Angelo Gordon s Private Equity Group acquired financial services company Hamilton State Bancshares for 232M USD

Acquisition Highlights
  • This is Tailwind’s 1st and Angelo Gordon s Private Equity Group’s 5th transaction in the Financial Services sector.
  • This is Tailwind’s and Angelo Gordon s Private Equity Group’s 3rd largest (disclosed) transaction.
  • This is Tailwind’s 13th and Angelo Gordon s Private Equity Group’s 15th transaction in the United States.
  • This is Tailwind’s 2nd and Angelo Gordon s Private Equity Group’s 1st transaction in Georgia.
Investment Fate
  • Hamilton State Bancshares merged with another company in 2018.

M&A Deal Summary

Date 2011-02-28
Target Hamilton State Bancshares
Sector Financial Services
Buyer(s) Tailwind
Angelo Gordon s Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 232M USD
Advisor(s) Alston & Bird
Simpson Thacher & Bartlett (Legal)

Target

Hamilton State Bancshares

Hoschton, Georgia, United States
HSB is a Georgia-based bank holding company that specializes in providing commercial banking services to small- to medium-sized businesses in North Georgia through its bank subsidiary, Hamilton State Bank. Hamilton was formed in 2004 and is based in Hoschton, Georgia, which is approximately 50 miles north of Atlanta.

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Buyer(S) 2

Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 13 of 51
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 13
State (Georgia) 2 of 5
Country (United States) 13 of 51
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 Trover Solutions

Louisville, Kentucky, United States

Trover Solutions, Inc. is a independent provider of comprehensive cost containment services and software to the private healthcare payor and property and casualty industries. integrated systems and processes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 SDI Health

Plymouth Meeting, Pennsylvania, United States

SDI Health, LLC is a provider of innovative healthcare data products and analytic services to pharmaceutical, biotech, healthcare, and medical device companies, government, and financial institutions.

Sell -
Buyer

Angelo Gordon s Private Equity Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Angelo, Gordon's Private Equity Group is the private equity arm of asset manager Angele, Gordon & Co. AG's private equity group focuses on acquiring assets from financially distressed sellers or from larger corporations. Prospective transactions include forced sales, management-led buyouts, private company recapitalizations, corporate carve-outs, asset pool purchases, and other complex situations. The Group prefers control when considering opportunities and generally looks to commit $25 to $125 million of capital in transactions valued up to $500 million. Broad sectors of interest include specialty finance, retail, consumer, healthcare services/facilities, real estate, and business services. Angelo, Gordon's Private Equity group is based in New York City.


DEAL STATS #
Overall 19 of 22
Sector (Financial Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 14 of 16
State (Georgia) 1 of 1
Country (United States) 15 of 18
Year (2011) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-28 Oak Street Funding

Carmel, Indiana, United States

Oak Street Funding is a provider of commission-based loans to help insurance agents and brokers maximize their book of business value and grow their agency business. Oak Street Funding is based in Carmel, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 Firebirds Wood Fired Grill

Charlotte, North Carolina, United States

Firebirds International is a contemporary-polished casual restaurant with 48 locations throughout the U.S. Firebirds Wood Fired Grill offers guests a unique dining experience featuring an exposed kitchen with its signature wood-burning grill. Firebirds International was founded in 2000 and is based in Charlotte, North Carolina.

Buy -