Investment Summary

The Carlyle Group and Anchorage Capital Partners Invest In Hampton Roads Bankshares

On May 23, 2010, private equity firms The Carlyle Group and Anchorage Capital Partners invested in financial services company Hampton Roads Bankshares

Investment Highlights
  • This is The Carlyle Group’s 17th and Anchorage Capital Partners’ 1st transaction in the Financial Services sector.
  • This is The Carlyle Group’s 201st and Anchorage Capital Partners’ 1st transaction in the United States.
  • This is The Carlyle Group’s 16th and Anchorage Capital Partners’ 1st transaction in Virginia.
Investment Fate
  • Hampton Roads Bankshares merged with another company in 2016.

Investment Summary

Date 2010-05-23
Target Hampton Roads Bankshares
Sector Financial Services
Investor(s) The Carlyle Group
Anchorage Capital Partners
Deal Type PIPE

Target

Hampton Roads Bankshares

Virginia Beach, Virginia, United States
Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.

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Investor(S) 2

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 364 of 749
Sector: Financial Services M&A 17 of 48
Type: PIPE M&A Deals 6 of 10
State: Virginia M&A 16 of 25
Country: United States M&A 201 of 350
Year: 2010 M&A 10 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 TradeBeam

San Mateo, California, United States

TradeBeam, Inc. is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 STARBAK Communications

Burlington, Massachusetts, United States

STARBAK Communications, Inc. developed content distribution servers specifically designed to deliver high quality streaming media over the Internet.

Sell -
Investor

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 4 of 25
Sector: Financial Services M&A 1 of 2
Type: PIPE M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Antares Restaurant Group

Auckland, New Zealand

Antares Restaurant Group is the exclusive franchisee of Burger King in New Zealand with 75 owned and operated restaurants located throughout the country. Antares Restaurant Group was formed in 1954 and is based in Auckland.

Buy NZ$46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Acrow Formwork & Scaffolding Pty

Revesby, Australia

Acrow Formwork & Scaffolding Pty Ltd. operates a national network of scaffolding and formwork solutions branches, including the industry standard Acrow brand in formwork and Cuplock in scaffolding, consisting of 11 scaffolding branches, four formwork branches, and three dual formwork and scaffolding hybrid branches across Australia. The company presently holds the number three position in the overall Australian scaffolding market.

Buy -