Published: August 19, 2010
Navigant Capital Advisors, LLC Serves as Financial Advisor to Green Bancorp in Its $100 Million Private Placement of Common Stock
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
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