WL Ross Mergers and Acquisitions Summary

Private Equity Firm Profile

WL Ross’ most common sectors for investment arefinancial services (50%) and marine (25%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (25%) and divestiture (25%). In total, WL Ross has invested in 3 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Option One Mortgage for $1.1B.

In the last 3 years, WL Ross has exited 1 company. The Firm’s most common exit type is trade sale (25%). WL Ross’ largest (disclosed) exit occurred in 2016 when it sold Cascade Bancorp. for $589M.

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M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6

WL Ross & Co. LLC

1166 Avenue of the Americas,
New York, New York 10036
United States
(212) 826-1100
www.invesco.com/portal/site/us/institutions/wlross/

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.


Investment Criteria

Sectors of Interest: Automotive, Distribution, Financial Services, Machinery, Manufacturing, Metals/Mining

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Scandinavia, Asia/Pacific, Central Asia/India, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 3 1 - - - - 4
vol $1.3B $1.3B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $589M $589M
  8

Most Recent M&A

Company Date Value Type
Diamond S Shipping 2019-11-20 - IPO
Greenwich, Connecticut · www.diamondsshipping.com
IntelliFlo Ltd. 2018-06-06 - Secondary Buyout
Kingston, United Kingdom · www.intelliflo.com
Cascade Bancorp. 2016-11-17 589M USD Add-on Acquisition
Bend, Oregon · www.botc.com
VTG AG 2016-05-20 - Stake Purchase
Hamburg, Germany · www.vtg.com
SitusAMC Holdings Corp. 2015-01-06 - Secondary Buyout
New York, New York · www.situsamc.com
Cascade Bancorp. 2010-11-16 177M USD PIPE
Bend, Oregon · www.botc.com
Option One Mortgage Corp. 2008-03-17 1.1B USD Divestiture
Santa Ana, California
Diamond S Shipping 2007-10-01 - Buyout (LBO, MBO, MBI)
Greenwich, Connecticut · www.diamondsshipping.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services - - 2 (50%) 1.3B (100%)
Marine - - 1 (25%) -
Software - - 1 (25%) -
Total - - 4 $1.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States - - 3 (75%) 1.3B (100%)
  California - - 1 (25%) 1.1B (86%)
  Oregon - - 1 (25%) 177M (14%)
  Connecticut - - 1 (25%) -
United Kingdom - - 1 (25%) -
Domestic - - 3 (75%) 1.3B (100%)
Cross-border - - 1 (25%) -
Total - - 4 $1.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture - - 1 (25%) 1.1B (86%)
PIPE - - 1 (25%) 177M (14%)
Buyout (LBO, MBO, MBI) - - 1 (25%) -
Secondary Buyout - - 1 (25%) -
Total - - 4 $1.3B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 1 (25%) 589M (100%)
IPO 1 (25%) -
Secondary Sale 1 (25%) -
Stake Sale 1 (25%) -
Total 4 $589M

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 1 $177M
TOTAL $1.3B
Largest Option One Mortgage Corp.
$1.1B (2008-03-17)
sell # Total
$100M to $1B 1 $589M
TOTAL $589M
Largest Cascade Bancorp.
$589M (2016-11-17)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)
Exited to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

11.9B USD

Established

2000

Specialist/Generalist

Generalist

Subsidiary of

Invesco

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