M&A Deal Summary |
|
|---|---|
| Date | 2008-03-17 |
| Target | Option One Mortgage |
| Sector | Financial Services |
| Buyer(s) | WL Ross |
| Sellers(s) | H&R Block |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 11.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
WL Ross is a mega-sized alternative group focused on turnaround investments. WL Ross looks to invest in and restructure financially distressed companies and create new enterprises. The Firm will consider opportunities throughout the world, including North America, Asia, South America, Western Europe, and Central Asia. WL Ross typically targets businesses operating in traditional industries, including the steel, textile, coal, automotive, and financial services sectors. In 2006 asset manager Amvescap (now Invesco) purchased WL Ross from its founder. WL Ross was originally formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-01 |
Diamond S Shipping
Greenwich, Connecticut, United States Diamond S Shipping owns and operates 64 vessels on the water, including 13 Suezmaxes, 1 Aframax, and 50 MR tankers. DSSI is one of the largest energy shipping companies providing seaborne transportation of crude oil, refined petroleum, and other petroleum products. Diamond S Shipping is headquartered in Greenwich, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-11-16 |
Cascade Bancorp.
Bend, Oregon, United States Cascade Bancorp. is a community bank in the Pacific Northwest operating under the name of Bank of the Cascades. Cascade offers full-service community banking through over 30 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. |
Buy | $177M |
| Category | Company |
|---|---|
| Founded | 1955 |
| Sector | Consumer Services |
| Employees | 3,800 |
| Revenue | 3.5B USD (2022) |
H&R Block is a provider of income tax return preparation and related services and products via a network of approximately 13,000 company-owned and franchised offices and through TaxCut online and software solutions. H&R Block was formed in 1955 and is based in Kansas City, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 2 of 4 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2008) | 1 of 2 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-01 |
American Express Tax & Business Services
Minneapolis, Minnesota, United States American Express' Tax and Business Services Division is an accounting practice serving mid-sized businesses. |
Buy | $220M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-11-03 |
H&R Block Financial Advisors
United States H&R Block Financial Advisors is a network of more than 950 advisors that work in 135 office locations across the US. |
Sell | $315M |
