Banc of California Mergers & Acquisitions Palisades Group, LLC
Completion Date September 10, 2013
Deal Overview
Buyer: Banc of California, Inc.
Actual Acquirer: Banc of California, Inc.
Target: Palisades Group, LLC
Seller: Palisades Group, LLC
Deal Type: Securities & Investments Company
Agreement Date: 11/30/2012
Announcement Date: 12/3/2012
Announced Deal Value ($ M): 0.05
Announced Deal Value Per Share ($ ) NA
Status: Completed
Completion Date: 9/10/2013
Consideration Breakout
Cash ($M): 0.1
Deal Terms
Banc of California Inc. paid approximately $50,000 in cash to acquire Palisades Group LLC. In addition to this, Banc of California has also made a capital contribution of $450,000 in Palisades Group LLC.
Percent Acquired (%): 100.00
Purchase Method: Acquisition
Merger of Equals? No
Estimated Cost Savings (%): NA
Estimated Cost Savings ($ 000): NA
Est. Restructuring Charges ($ 000): NA