PNC - Mergers and acquisitions

PITTSBURGH, Oct. 3, 2023 /PRNewswire/ -- PNC Bank ("PNC") today announced it has acquired a portfolio of capital commitments facilities from Signature Bridge Bank, N.A. through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023. The FDIC established Signature Bridge Bank, N.A., on March 12, 2023, after being appointed receiver of the former Signature Bank, New York by the New York State Department of Financial Services. The acquired portfolio represents $16.6 billion in total commitments, including $9 billion of funded loans. The transaction, to be funded with cash on hand, is expected to be immediately accretive to PNC's ear

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Prima Solutions on its sale to Total Specific Solutions (TSS), a subsidiary of Topicus.com (TSXV:TOI, Topicus))) and part of Constellation Software Inc. (TSX:CSU, Constellation))). Prima Solutions is a leading European insurtech company that helps insurance professionals transform existing legacy systems and streamline core business processes, thereby speeding up their digital transformation. The transaction was led by Julien Oussadon and Luke Clifford of the Harris Williams Technology Group. "Prima Solutions' leadership position in France, blue-chip customer base, strong recurring revenue

Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of Maillis Plastics Solutions (MPS), an independent subsidiary of Maillis Group owned by H.I.G. Capital (H.I.G.), to Teufelberger and Sigma Plastics Group (Sigma). MPS is a leading European stretch film and strapping manufacturer with a compelling value proposition and a clear commitment to product safety and sustainability. The transaction, led by Jeff Perkins, Florian Ripperger, Robert Engelhardt and Sebastian Ruff of the Harris Williams Industrials Group, extends the firm's track record in the packaging sector. "We are excited to have worked with H.I.G., Maillis Group and the MPS manageme

LONDON & FRANKFURT, Germany--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Duke Street Private Equity (Duke Street) on its pending acquisition of COMPO Consumer (COMPO), continental Europe’s largest producer and distributor of gardening soil, fertilizer, plant protection and lawn seeds, from China-based Kingenta Ecological Engineering Group Co. Ltd. (Kingenta). The transaction is being led by Ed Arkus, Andreas Poth and Stefan van de Ven of the Harris Williams Consumer Group and Daniel Wang, a managing director who leads the firm’s platform in Asia. “COMPO is continental Europe’s market leader in gardenin

Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of Corsearch, a portfolio company of Audax Private Equity (Audax), to Astorg. Corsearch's innovative brand risk and performance solutions provide an end-to-end brand establishment and brand protection offering to corporations and law firms around the world. The transaction, led by Thierry Monjauze, Julien Oussadon, Mathew Tsui and Luke Clifford of the Harris Williams Technology Group and Derek Lewis, Bryce Walker and John Chase of the firm's Business Services Group, extends the firm's track record in the legal software and services sector. "Corsearch's brand risk and performance solutions ar