Daily News logo Newsletter logo   Search News    

Navigant Capital Advisors, LLC Serves as Financial Advisor to Green Bancorp in Its $100 Million Private Placement of Common Stock

  Share This Story

CHICAGO - (BUSINESS WIRE) - Navigant Capital Advisors, a subsidiary of Navigant Consulting, Inc. (NYSE: NCI), announced today that it recently advised Green Bancorp, Inc., the holding company for Green Bank, N.A., in closing an aggregate $100 million private placement of common stock of the company with several independent investment firms. The investors include funds affiliated with Friedman Fleischer & Lowe, LLC, Harvest Partners, LP and Pine Brook Road Partners, LLC. No investor will own more than 24.9 percent of the common stock of the company. The new capital will be used to expand current operations, as well as to pursue growth opportunities, including bank and branch acquisitions, structured transactions and FDIC-assisted transactions.

This transaction exemplifies the growing number of private equity firms investing in healthy banks which can then serve as a platform for acquiring distressed banks and market consolidation opportunities. During the first two quarters of 2010, there have already been 17 completed or announced investment transactions involving private equity firms, compared to a total of 18 such transactions in 2009. Since the end of 2006, more than 50 private equity firms have invested in over 55 regional banks.

Green Bank is a national bank headquartered in Houston, Texas and focuses on the commercial and private banking needs of middle market businesses and individuals. As of March 31, 2010, Green Bancorp reported total consolidated assets of $536.4 million. As a result of the capital raise, the company will have total common equity of approximately $150.0 million, resulting in an increase in the company's Tier 1 Capital Ratio from 8.3% to approximately 25.0% as of June 30, 2010.

About Navigant Capital Advisors

Navigant Capital Advisors (NCA) is the dedicated corporate finance business unit of Navigant Consulting, Inc. NCA serves the Investment Banking, Restructuring, Valuation, and Transaction Advisory needs of companies, private equity groups, lenders, and other creditor constituencies. Investment banking, private placement, merger, acquisition and divestiture services offered through Navigant Capital Advisors, LLC. Member FINRA/SIPC. More information about Navigant Capital Advisors can be found at www.ncacf.com.

About Navigant Consulting

Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.

Marilyn Kahn
Navigant Capital Advisors, LLC
847.821.1153
or
Dennis S. Dobson
Dobson Public Relations, Inc.
203.258.0159



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 172
2 .Africa Oil Operations Update - 39
3 .Go Social Film Magazine Partners with the San Jose Short Film Festival to Stream Official Selections Online to a Global Audience via iPad - 38
4 .Oprah Winfrey Come Out of The Closet! Admit You're a Lesbian! - 36
5 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 39
6 .Give a Great Valedictorian Speech - Joey Asher - 35
7 .Photos: Valkyrie MEDEVAC - 38
8 ."K-1 Rising 2012 - K-1 World Max Final 16 2012" Announces May 27 Pay-Per-View Ustream Channel - 28
9 .WeDoRecover Expands Drug and Alcohol Treatment Centre Network with a New Partner Rehab Centre in Durban, South Africa That Will Focus on Upmarket South African and UK, English Patients - 25
10 .Waterless 'Air Cooler PLUS' Beats Summer's Heat Without Making Your Home Muggy - 27
Updated: 20:45 PDT     4238

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room